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Property profile & analytics
OFF-MARKET
Estimated value
$2,305,000
Office buildings
101 Main St Waconia, MN 55387-1023
Entity Owned
10-yr Hold
Free & Clear
Property ID
US46-0560078
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,580 SF
Lot
0.35 ac (15,246 SF)
APN
75-0502900
UPID
US46-0560078
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
$2.26M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.31M
Owner & transaction history
Main Street Exchange LLC · 10 yrs held
Main Street Exchange LLC
since 2015
7 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 Waconia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waconia 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%
$2,445,000
6.5%
$2,255,000
7%
$2,095,000
Blend value · Realmo final
$2.31M
Range $2.07M – $2.54M · ±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
$199 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$76,402
Tax year 2024
Assessed value
$2,535,100
Assessed 2024
Previous assessed
$2,409,300
+5.2% YoY
Effective rate
3.01%
On assessed value
Assessed land
$479,000
Assessed improvement
$2,056,100
Land market value
$479,000
Improvement market value
$2,056,100
Total market value
$2,535,100
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
11,580 SF
Lot
0.35 ac (15,246 SF)
APN
75-0502900
UPID
US46-0560078
Jurisdiction
CARVER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Main Street Exchange LLC
Entity
Free & Clear · 10 yrs held
Mailing address
13911 RIDGEDALE DR, MINNETONKA, MN 55305-1771
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2015
$2,707,252
Main Street Exchange LLC
White Cap Investments Three Ll
Warranty Deed
—
Dec 28, 2015
—
Main Street Exchange LLC
121 West Main Street LLC
Quit Claim Deed
related
—
Aug 26, 2008
$284,963
121 West Main Street Vii LLC
121 West Main Street LLC
Warranty Deed
related
$1,960,000 · Mcfarland State Bank
Jul 18, 2008
$184,701
White Cay Invs Three LLC
121 West Main Street LLC
Grant Deed
—
Jul 18, 2008
$184,700
White Cap Invs Three LLC
121 West Main Street LLC
Warranty Deed
—
Jul 18, 2008
$218,034
121 West Main Street I LLC
121 West Main Street LLC
Grant Deed
—
Jul 18, 2008
$235,401
121 West Main Street II LLC
121 West Mainstreet LLC
Grant Deed
—
Jul 18, 2008
$800,373
121 West Main Street III LLC
121 West Main Street LLC
Grant Deed
—
Jul 18, 2008
$235,315
121 West Main Street IV LLC
121 West Main Street LLC
Grant Deed
—
Jul 18, 2008
$667,388
121 West Main Street V LLC
121 West Main Street LLC
Grant Deed
—
Jul 18, 2008
$218,033
121 West Main Street I LLC
121 West Main Street LLC
Warranty Deed
related
—
Jul 18, 2008
$330,000
121 West Main Street Vi LLC
121 West Main Street LLC
Warranty Deed
related
—
Jul 18, 2008
$800,372
121 West Main Street III LLC
121 West Main Street LLC
Warranty Deed
related
—
Jul 18, 2008
$579,139
121 West Main Street IV LLC
121 West Main Street LLC
Warranty Deed
related
—
Jul 18, 2008
$235,400
121 West Main Street II LLC
121 West Main Street LLC
Warranty Deed
related
—
Jul 18, 2008
$667,387
121 West Main Street V LLC
121 West Main Street LLC
Warranty Deed
related
—
Mar 28, 2008
$2,775,000
121 West Main Street LLC
Main Street Exchange Ptrs LLC
Warranty Deed
related
$2,220,000 · Mcfarland State Bank
—
—
White Cap Investments Three Ll
—
Deed Of Trust
related
$1,762,500 · Highland Bk
—
—
White Cap Investments Three Ll
—
Deed Of Trust
related
$197,500 · Highland Bk
—
—
White Cap Investments Three Ll
—
Deed Of Trust
related
$1,762,500 · Highland Bk
—
—
White Cap Investments Three Ll
—
Deed Of Trust
related
$197,500 · Highland Bk
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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