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    6132 Mayhew Lake Rd Sauk Rapids, MN 56379

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    6132 Mayhew Lake Rd Sauk Rapids, MN 56379

    View on Map
    • Commercial real estate
    • 81.70 lot acres
    Off-Market
    Property ID
    US46-1300555
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6132 Mayhew Lake Rd

    Lot size
    81.70 lot acres
    Property type
    Commercial real estate
    APN
    070038400

    Description

    Exceptional opportunity to acquire 81.7 acres of agricultural land in Sauk Rapids, Minnesota. This property, identified by APN 070038400, is zoned for agriculture and presents a unique chance for development. The land boasts stunning views and offers significant privacy, abundant wildlife, and the idyllic country living experience many seek. Four building entitlements are already in place, allowing for the construction of multiple homes or other structures. This flexibility allows for the creation of a personal estate or the development of multiple lots for sale, maximizing investment potential. The property is held in trust and is priced at $1,388,900. The address is 6132 Mayhew Lake Rd, Sauk Rapids, MN 56379, located in Benton County. An additional 40-acre parcel to the east is also available for purchase separately. This is a rare opportunity to secure a substantial piece of land with significant development potential in a desirable location. The property's size and features make it ideal for a variety of uses, from a private retreat to a larger-scale development project. Don't miss this chance to own a piece of Minnesota's beautiful countryside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sauk Rapids
    County
    Benton
    State
    Minnesota
    Longitude
    -94.1285118
    Latitude
    45.6564254

    Comparable in this City

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    Similar Nearby for Sale

    • $285,000
      34.41 Acres

      Sauk Rapids Acreage Opportunity

      Private acreage with open fields, hardwoods, and wetlands near St. Cloud.
      Tbd Lot H Mayhew Lk Rd, Sauk Rapids, MN 56379
      View Details
    • $56,500
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      Residential Lots in Windsor Estates

      Residential lots available in Sauk Rapids, city sewer and water.
      2866 29Th St NE, Sauk Rapids, MN 56379
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      Sauk Rapids Corner Lot Opportunity

      Prime 1.25-acre corner lot suitable for retail or office development.
      300 18Th St N, Sauk Rapids, MN 56379
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    • $575,000

      Land on N Benton Drive

      Land available on busy N Benton Dr near Hwy 15.
      700-709 Benton Dr N, Sauk Rapids, MN 56379
      View Details
    • $56,500

      Land For Sale

      Land available off County Road 29 and 10th Ave NE.
      1148 29Th St NE, Sauk Rapids, MN 56379
      View Details
    • New
      Contact for pricing
      0.27 Acres

      Residential Lot in Established Neighborhood

      Residential lot in Sauk Rapids with homeowner's association.
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      View Details

    Similar Nearby for Lease

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      Sauk Rapids Warehouse and Office

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      Sauk Rapids Business Center Space

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      Sauk Rapids Warehouse For Rent

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      Sauk Rapids Industrial Space Available

      Industrial space for lease in Sauk Rapids, Minnesota.
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      Sauk Rapids Industrial Facility

      80,000+ SF industrial facility in Sauk Rapids, Minnesota.
      360 Industrial Blvd, Sauk Rapids, MN 56379
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    • $6 SF/Yr
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      Multi-Purpose Building For Lease

      6,295 sq ft multi-purpose building available for lease.
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    Sauk Rapids, MN 56379
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    6132 Mayhew Lake Rd, Sauk Rapids, MN, 56379

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