New search
Property profile & analytics
OFF-MARKET
Commercial real estate
102 Hwy 2nd E, Floodwood, MN 55736-4542
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-1548533
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Total area
4,392 SF
APN
125-0030-01750
UPID
US46-1548533
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jnj Real Estate LLC · 2 yrs held
Jnj Real Estate LLC
since 2023
Last sale
$443,500
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 Floodwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Floodwood 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,134
Tax year 2024
Assessed value
$338,500
Assessed 2022
Previous assessed
$338,500
+0.0% YoY
Effective rate
5.36%
On assessed value
Assessed land
$32,500
Assessed improvement
$306,000
Land market value
$32,500
Improvement market value
$306,000
Total market value
$338,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2005
Heating
FLOOR/WALL FURNACE
Cooling
AC.PACKAGE
Stories
1
Total area
4,392 SF
APN
125-0030-01750
UPID
US46-1548533
Jurisdiction
ST LOUIS
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
2005
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Jnj Real Estate LLC
Entity
Free & Clear · 2 yrs held
Mailing address
102 HWY 2ND E, FLOODWOOD, MN 55736-4542
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
—
Jnj Real Estate LLC
J2 Of Mn INC
Quit Claim Deed
related
—
Jun 13, 2023
$443,500
J2 Of Mn INC A Corporation
Debra Lou Lindquist
Warranty Deed
$325,000 · Grand Rapids State Bank
Jan 25, 2021
—
Loren D Lindquist
—
Deed
related
$297,500 · Northview Bk
Jan 12, 2018
—
Loren D Lindquist
—
Deed
related
$297,500 · Northview Bk
Jan 10, 2013
$425,000
Loren D Lindquist
Northview Bk
Grant Deed
$297,500 · Northview Bank
Nov 27, 2012
—
Northview Bk
Wegleitner,martin N & Sandra M
Quit Claim Deed
related
—
Sep 24, 2005
—
Martin N Wegleitner
—
Trustees Deed
related
$400,000 · Northview Bank
Jul 14, 2005
$150,000
Martin N Wegleitner
Riley,jeanne K
Warranty Deed
—
—
—
Loren D Lindquist
—
Loan Modification
related
$297,500 · Northview Bk
—
—
Loren D Lindquist
—
Loan Modification
related
$297,500 · Northview 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 102 Hwy 2nd E?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
