Property profile

480 N Industrial Rd Mankato, MN 56001

FOR LEASE
Commercial real estate
Saved see the list in your Dashboard
Property ID
US46-1951139
36,135 SF 1.85 ac Built 1969
Last sale Apr 2023·$7,000,000
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.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$30k
Tax billed · 2024
Assessed value$1.17M
Assessed land$80k
Assessed improvement$1.09M
Effective rate2.58%

Value estimate

· Nov 2026
$7.08M
$6.37M – $7.79M
AI approach$6.80M
CAP approach$4.88M
NOI build-up
Gross scheduled income$246k
Vacancy & credit loss−$10k
Operating expenses−$71k
NOI$165k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$94/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$56 – $139

Cap rate analysis

How does the asset earn?
$165k 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.

JurisdictionBLUE EARTH

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service8.9
Realty agency8.4
Garden Center8.4

Location

480 N Industrial Rd Mankato, MN 56001
County assessor Recorded deeds · 2 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1870 Adams, Mankato, MN 56001-4865 $1,885,367 Jul 2025 11,420 SF
125 Kingswood, Mankato, MN 56001-3159 $3,050,000 Nov 2024 41,300 SF
58766 240th, Mankato, MN 56001-5596 $5,500,000 Jun 2024 162,964 SF
1860 Adams, Mankato, MN 56001-4865 $3,450,000 Feb 2024 8,960 SF
230 Dewey, Mankato, MN 56001-2330 $650,000 Jan 2024 22,456 SF
1028 Riverfront, Mankato, MN 56001-3340 $550,000 Jun 2023 7,000 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?