Property profile

1 Central Blvd Babbitt, MN 55706

OFF-MARKET
Apartment buildings
Property ID
US46-1698662
22,504 SF 8.13 ac lot Built 2012
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2012
Total area 22,504 SF
Lot 8.13 ac (354,143 SF)
APN 105-0080-00183
UPID US46-1698662

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community

Location

1 Central Blvd Babbitt, MN 55706-1144
Babbitt metro Census 14100 DULUTH, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.71M
Blend (final) Blend
$920k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $2.4M +23.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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