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    204 1St Ave Pemberton, MN 56078

    • Turn key restaurants
    • 1,352 SF
    • 0.16 lot acres
    For Sale
    View listing
    $285,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1889941
    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

    • Turn key restaurants

    Property Details for 204 1St Ave

    Year built
    1950
    Lot size
    0.16 lot acres
    Property size
    1,352 SF
    Property type
    Turn key restaurants
    APN
    R16.20.01.377.005
    APU
    R162001377005

    Description

    This exceptional business opportunity presents a well-established restaurant and bar ideally situated off State Highway 83 in Pemberton, Minnesota. Its central location between several towns ensures consistent customer traffic. The single-story building boasts two additions, completed in 2016 and 2018, enhancing its functionality and space. A durable metal roof provides long-term protection, while a nicely fenced patio area offers ample outdoor seating. The property also features a large parking lot for customer convenience. Inside, the restaurant showcases numerous updates and desirable amenities. Two distinct bar areas cater to diverse customer preferences, complemented by an array of tables, stools, and high-top seating. A large bathroom with ceramic tile adds a touch of modern elegance. This turnkey operation includes the building, land, existing inventory, and all appliances. The property's strong performance history and desirable features make it a highly lucrative investment. This is a truly exceptional opportunity for an experienced restaurateur or a savvy investor looking to enter the thriving hospitality market. The property's strategic location and established customer base provide a solid foundation for continued success and growth. Don't miss this chance to own a profitable and well-maintained business in a desirable Minnesota town. Schedule your showing today.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pemberton
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.7824
    Latitude
    44.0092
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, MN MICROPOLITAN 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
    $3,582
    $8,700
    $107,000
    $115,700
    -
    $8,700
    $107,000
    $115,700

    Comparable in this City

    • Value Estimation
      $205,000
      2,716 SF

      215 Main S St

      BAR, TAVERN • 2,716 SF
      215 Main S St, Pemberton, MN 56078
      View Details
    • Value Estimation
      $260,000
      7,904 SF

      201 Main S St

      RETAIL STORES (PERSONAL SERVICES) • 7,904 SF
      201 Main S St, Pemberton, MN 56078-3500
      View Details
    • Value Estimation by Request
      2,133 SF

      225 Main S St

      CAR WASH - SELF-SERVE • 2,133 SF
      225 Main S St, Pemberton, MN 56078
      View Details
    • Value Estimation
      $230,000
      4,670 SF

      315 Main S St

      COMMERCIAL (GENERAL) • 4,670 SF
      315 Main S St, Pemberton, MN 56078
      View Details
    • Value Estimation
      $245,000
      0.16 Acres

      319 2nd Ave

      COMMERCIAL (GENERAL) • 0.16 Acres
      319 2nd Ave, Pemberton, MN 56078
      View Details
    • Value Estimation
      $75,000
      2,400 SF

      Pemberton, MN 56078

      COMMERCIAL (GENERAL) • 2,400 SF
      Pemberton, MN 56078
      View Details

    Similar Nearby for Sale

    • $285,000

      Restaurant and Bar Business Opportunity

      Turnkey restaurant and bar with prime highway location and updated interior.
      204 1St Ave, Pemberton, MN 56078
      View Details
    • $285,000
      0.21 Acres

      Established Restaurant and Bar Opportunity

      Turnkey restaurant and bar with prime highway location and updates.
      204 1St Ave, Pemberton, MN 56078
      View Details
    • $290,000

      Pemberton Restaurant & Bar for Sale

      Established Eatery, Prime Location, High Returns
      204 1St Ave, Pemberton, MN 56078
      View Details
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    Pemberton, MN 56078
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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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