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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
100 Brg E Ave, Delano, MN 55328
Entity Owned
6-yr Hold
Property ID
US46-1123387
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1889
Construction
WOOD
Total area
5,000 SF
Lot
0.17 ac (7,449 SF)
APN
107-011-001340
UPID
US46-1123387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$699k
Blend (final)
Blend
$620k
Owner & transaction history
Jpv Properties LLC · 6 yrs held
Jpv Properties LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$660,000
Current use
RESTAURANT
$655,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$585,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$585,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,004
Tax year 2023
Assessed value
$519,300
Assessed 2023
Previous assessed
$519,300
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$76,400
Assessed improvement
$442,900
Land market value
$76,400
Improvement market value
$442,900
Total market value
$519,300
Applied tax rate
701.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1889
Construction
WOOD
Heating
BASEBOARD
Cooling
CENTRAL
Bathrooms
2
Total area
5,000 SF
Lot
0.17 ac (7,449 SF)
APN
107-011-001340
UPID
US46-1123387
Jurisdiction
WRIGHT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$660,000
RESTAURANT
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$585,000
RETAIL STORES
Est. value
$585,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1889
Construction
WOOD
Heating
BASEBOARD
Cooling
Yes
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Jpv Properties LLC
Entity
Mailing address
265 RIV ST N, DELANO, MN 55328-8266
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
$365,000
Jpv Properties LLC
Bridge Properties LLC
Warranty Deed
$292,000 · United Prairie Bank
Oct 29, 2015
$359,000
Bridge Properties LLC
Steinmetz,jon A & Sheryl L
Warranty Deed
$272,000 · State Bk/delano
Dec 12, 2006
$455,000
Jon A Steinmetz
Farr,ann
Warranty Deed
$265,000 · Inter Savings Bank Fsb
—
—
Ann Farr
—
Deed Of Trust
related
$181,741 · First National Bank Waseca
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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