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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Office buildings
104 Marty Dr, Buffalo, MN 55313-9307
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-0637986
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
10,126 SF
Lot
0.53 ac (23,087 SF)
APN
103-104-001040
UPID
US46-0637986
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
-
Westwood Professional Services Inc Civil Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.42M
Owner & transaction history
Massmutual Asset Finance LLC · 4 yrs held
Massmutual Asset Finance LLC
since 2022
Last sale
$1.4M
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 Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo 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
$1,380,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
$2,140,000
6.5%
$1,975,000
7%
$1,830,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,340,000
Current use
RESTAURANT
$1,325,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,185,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$1,185,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.43M (May 20 2022)
Last sale anchor
$1.43M
May 20 2022
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
$140 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$32,676
Tax year 2022
Assessed value
$1,485,600
Assessed 2023
Previous assessed
$1,485,600
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$280,200
Assessed improvement
$1,205,400
Land market value
$280,200
Improvement market value
$1,205,400
Total market value
$1,485,600
Applied tax rate
301.0000
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
1994
Construction
WOOD
Heating
NONE
Total area
10,126 SF
Lot
0.53 ac (23,087 SF)
APN
103-104-001040
UPID
US46-0637986
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
$1.3M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
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
1994
Construction
WOOD
Heating
NONE
Lot
0.53 ac
Current owner
From public records · entity-resolved
Massmutual Asset Finance LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11282 EMERSON AVE NW, MAPLE LAKE, MN 55358-3514
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
$1,425,000
Massmutual Asset Finance LLC
Gbc Investments LLC
Warranty Deed
—
May 17, 2021
—
Gbc Investments LLC
—
Deed
related
$20,000 · Financial Security Bank
Sep 14, 2020
—
Gbc Investments LLC
—
Deed
related
$43,000 · Financial Security Bank
Oct 25, 2016
—
Gbc Investments LLC
—
Deed
related
$60,000 · Financial Sec Bk
—
—
Gbc Investments LLC
—
Deed Of Trust
related
$50,000 · Financial Sec Bk
—
—
Gbc Investments LLC
—
Loan Modification
related
$50,000 · Financial Sec Bk
—
—
Gbc Investments LLC
—
Deed Of Trust
related
$60,000 · Financial Sec Bk
—
—
Gbc Investments LLC
—
Deed Of Trust
related
$500,000 · Financial Security Bank
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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