Entity Owned Property summary
This exceptional 40,740 square foot shopping center in New Ulm, Minnesota, presents a compelling investment opportunity. Boasting a 7.79% cap rate and a strong NOI of $389,740, this multi-tenant property features 11 tenants, including Dollar Tree, Verizon Wireless, Maurices, Great Clips, Cricket Wireless, and Shoe Sensation, across 12 units within two buildings. Built in 2007, the property sits on a 5.69-acre lot zoned C3 and enjoys 97% occupancy. The property benefits from a prime location… along Highway 14, in the main retail corridor, shadow-anchored by Walmart and Menards, ensuring high visibility and traffic. New Ulm, the county seat of Brown County, serves as a retail hub for a 30-mile radius, with limited competition and a stable market. Eight of the eleven tenants have renewed their leases within the past 18 months, demonstrating strong tenant loyalty. A single small vacant unit offers immediate value-add potential, with a one-year master lease at $12 per square foot provided by the seller post-sale. The asking price is $5,000,000, translating to $122.73 per square foot. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 40,720 SF
- Lot area
- 3.82 ac
- Year built
- 2007
- APN
- 001.827.001.01.010
- Zoning
- C3
- Assessed value · 2023
- $2,663,400
- Annual tax · 2023
- $80,670
- Office Building
- Industrial (general)
- Retail Stores
- Commercial (general) · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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