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    Property profile & analytics

    582 Cherry Dr Waconia, MN 55387-4578

    • Office buildings
    • 1,600 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Last Sale
    Jun 29, 2023
    $450,000
    Location Intelligence
    Property ID
    US46-3138610
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 582 Cherry Dr

    Year built
    2007
    Lot size
    0.25 lot acres
    Property size
    1,600 SF
    Property type
    Office buildings
    APN
    75-1250102
    APU
    751250102

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $365,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $415,000
      Mixed-Use
      $410,000
      Hospitality
      $425,000
      Educational
      $435,000
      Residential Income
      $405,000
      Energy
      $390,000
      Income-Based Land
      $420,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Waconia
    County
    Carver
    State
    Minnesota
    Longitude
    -93.7979
    Latitude
    44.8424
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,836
    $119,200
    $336,100
    $455,300
    -
    $119,200
    $336,100
    $455,300

    Comparable in this City

    • Value Estimation by Request
      5,764 SF

      219 Frontage Rd Ste, Unit 105

      OFFICE BUILDING • 5,764 SF
      219 Frontage Rd Ste, Waconia, MN 55387-1849
      View Details
    • Value Estimation
      $295,000
      1,536 SF

      584 Cherry Dr

      OFFICE BUILDING • 1,536 SF
      584 Cherry Dr, Waconia, MN 55387-4578
      View Details
    • Value Estimation
      $215,000
      1,410 SF

      9350 Oak Ave

      OFFICE BUILDING • 1,410 SF
      9350 Oak Ave, Waconia, MN 55387-5500
      View Details
    • Value Estimation
      $190,000
      1,410 SF

      9352 Oak Ave

      OFFICE BUILDING • 1,410 SF
      9352 Oak Ave, Waconia, MN 55387-9422
      View Details
    • Value Estimation
      $205,000
      1,440 SF

      17 1st St

      OFFICE BUILDING • 1,440 SF
      17 1st St, Waconia, MN 55387-1411
      View Details
    • Value Estimation by Request
      8,154 SF

      44 1st St

      OFFICE BUILDING • 8,154 SF
      44 1st St, Waconia, MN 55387-1400
      View Details

    Similar Nearby for Sale

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      621 SF

      Excelsior Office/Retail Space For Sale

      New office/retail space in downtown Excelsior with high visibility.
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    • Contact for pricing
      38,412 SF

      Waconia Square Retail/Office Center

      Neighborhood center in downtown Waconia, one block from Lake Waconia.
      236 West 1 St, Waconia, MN 55387
      View Details
    • Contact for pricing
      0.11 Acres

      Downtown Waconia Office Opportunity

      Versatile commercial space in downtown Waconia, ideal for growing businesses.
      29 E Main St, Waconia, MN 55387
      View Details
    • Contact for pricing

      Established Brewery in Prime Location

      Turnkey brewery with strong brand recognition and growth potential.
      255 West Main St, Waconia, MN 55387
      View Details
    • $20,217,000
      76.70 Acres

      Prime Land in Waconia Twp

      76.7 acres of land with tremendous potential in Waconia.
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      View Details
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    Waconia, MN 55387-4578
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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