Financial
Distress signals
Property profile

76 21St St Newport, MN 55055

FOR LEASE
Other warehouses
Property ID
US46-0086971
4,040 SF 0.24 ac lot Built 1940
Last sale Mar 2023 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A stand-alone industrial building containing 4,040 square feet of flexible space suitable for commercial and light industrial use. The warehouse layout includes one 10-foot drive-in door and one 8-foot dock door with platform, and provides an 11-foot clear height. The interior includes a dedicated restroom and is supported by six on-site parking stalls. The property is located at 76 21st Street in Newport, Minnesota, with access to Highway 494 and Highway 10 approximately five minutes away,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2022$187k
Assessed land$45k
Assessed improvement$141k
Effective rate2.32%

Value estimate

· Sep 2026
$455k
$410k – $501k
AI approach$390k
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$3k
Operating expenses−$9k
NOI · 507,561.90% cap applied$53k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$178/SF
County average, outlier-cleaned · 71 recorded sales of this use type
Observed band · Q1–Q3$113 – $251

Cap rate analysis

How does the asset earn?
507,561.90%
$53k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.1
Tailor Shop9.0
Furniture Store8.9

Location

76 21St St Newport, MN 55055
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 11 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2133 3rd, Newport, MN 55055-1081 $180,000 Dec 2024 704 SF
45 21st, Newport, MN 55055-1003 $600,000 Jan 2023 31,098 SF
1136 Hastings, Newport, MN 55055 $1,457,306 Aug 2022 9,720 SF
1545 7th, Newport, MN 55055 $933,182 Jun 2021 49,717 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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