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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
1032 Gtwy Dr Chaska, MN 55318-4569
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-3216181
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
6,822 SF
Lot
1.09 ac (47,480 SF)
APN
30-0790030
UPID
US46-3216181
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
Current use
Occupant on record · Public records
-
NAPA Auto Parts - Auto & Truck Parts Of Chaska Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$877k
Blend (final)
Blend
$855k
Owner & transaction history
1032 Properties LLC · 6 yrs held
1032 Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$955,000
+59.9%
Commercial (general)
$775,000
+30.0%
Restaurant
$775,000
+29.2%
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 Chaska submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chaska 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
RETAIL STORES
$600,000
Current use
OFFICE BUILDING
$955,000
Change: +60% · Conversion: Easy
COMMERCIAL (GENERAL)
$775,000
Change: +30% · Conversion: Easy
RESTAURANT
$775,000
Change: +29% · Conversion: Easy
MEDICAL BUILDING
$645,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$615,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$125 / 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
$36,298
Tax year 2024
Assessed value
$1,340,100
Assessed 2024
Previous assessed
$1,299,400
+3.1% YoY
Effective rate
2.71%
On assessed value
Assessed land
$494,100
Assessed improvement
$846,000
Land market value
$494,100
Improvement market value
$846,000
Total market value
$1,340,100
Applied tax rate
112.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
6,822 SF
Lot
1.09 ac (47,480 SF)
APN
30-0790030
UPID
US46-3216181
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$600,000
OFFICE BUILDING
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$775,000
RESTAURANT
Est. value
$775,000
MEDICAL BUILDING
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2005
Heating
NONE
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
1032 Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2121 N BROADWAY ST, NEW ULM, MN 56073-1010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
—
1032 Properties LLC
—
Deed
related
$350,000 · Citizens Bk/mn
May 11, 2020
$500
1032 Properties LLC
Star Group LLC
Warranty Deed
related
—
Mar 31, 2020
—
1032 Properties LLC
—
Deed
related
$150,000 · Citizens Bk/mn
Aug 31, 2005
$359,091
Star Group LLC
Chaska Gateway LLC
Warranty Deed
—
May 18, 2005
$359,090
Star Group LLC
Chaska Gateway LLC
Warranty Deed
$1,179,000 · Citizens Federal Bank Fsb
—
—
Star Group LLC
—
Deed Of Trust
related
$850,000 · Citizens Bank Minnesota
—
—
1032 Properties LLC
—
Deed Of Trust
related
$350,000 · Citizens Bk/mn
—
—
1032 Properties LLC
—
Deed Of Trust
related
$150,000 · Citizens Bk/mn
—
—
1032 Properties LLC
—
Loan Modification
related
$350,000 · Citizens Bk/mn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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