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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Strip malls
1067 4th St Ne Ste 600, Byron, MN 55920-5005
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-1364496
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
17,488 SF
Lot
1.16 ac (50,355 SF)
APN
75.33.13.072735
UPID
US46-1364496
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
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
Mbm Propertioes LLC · 5 yrs held
Mbm Propertioes LLC
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+92.4%
Warehouse, storage
$1.3M
+91.7%
Office building
$1.3M
+81.1%
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 Byron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Byron 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
$860,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Current use
AUTO REPAIR, GARAGE
$1,345,000
Change: +92% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,340,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$1,265,000
Change: +81% · Conversion: Moderate
MEDICAL BUILDING
$1,210,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $800k (Jan 11 2021)
Last sale anchor
$800k
Jan 11 2021
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
$47 / 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
$20,314
Tax year 2023
Assessed value
$585,800
Assessed 2021
Previous assessed
$585,800
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$201,400
Assessed improvement
$384,400
Land market value
$201,400
Improvement market value
$384,400
Total market value
$585,800
Applied tax rate
2,001.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
REFRIGERATOR
Bathrooms
2
Total area
17,488 SF
Lot
1.16 ac (50,355 SF)
APN
75.33.13.072735
UPID
US46-1364496
Jurisdiction
OLMSTED
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
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
2004
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Mbm Propertioes LLC
Entity
Mailing address
7392 AIRPORT VW DR SW, ROCHESTER, MN 55902-1869
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
30 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
$800,000
Mbm Propertioes LLC
Provident Trust Group LLC
Warranty Deed
$775,000 · First Security Bank
Jun 1, 2016
—
Steven D Young
Steven D Young
Deed Of Distribution
related
—
Jun 20, 2012
—
The Charles M & Esther L Pittock Re
Charles M Pittock
Special Warranty Deed
—
Dec 22, 2009
$45,000
Glenn Vodhanel
Robert P Polignone
Warranty Deed
—
Aug 26, 2008
—
R William Rasmussen
Sun Byron LLC
Warranty Deed
—
Apr 11, 2008
—
Marvin L Schmidt
Rainier Northbelt 26 LLC
Warranty Deed
—
Mar 5, 2008
$85,000
Lisa A Polignone
Sun Byron LLC
Warranty Deed
—
Mar 5, 2008
$100,000
Pimpao Investments LLC
Sun Byron LLC
Warranty Deed
—
Mar 5, 2008
$514,000
Courts At Colter LLC
Sun Byron LLC
Warranty Deed
—
Dec 10, 2007
$140,000
Steven J Levan
Sun Byron LLC
Warranty Deed
—
Dec 10, 2007
$100,000
Robert Bruce Frederick
Sun Byron LLC
Corporation Deed
—
Dec 10, 2007
$400,000
Charles M Pittock
Sun Byron LLC
Warranty Deed
—
Nov 30, 2007
$80,000
Thomas E Finneran
Sun Byron LLC
Corporation Deed
—
Nov 30, 2007
$120,000
Roland P Lessard
Sun Byron LLC
Corporation Deed
—
Nov 30, 2007
$225,000
Rowangrier LLC
Sun Byron LLC
Corporation Deed
—
Nov 30, 2007
$174,000
Gerard Raffaele
Sun Byron LLC
Corporation Deed
—
Nov 30, 2007
$83,000
Trust Company Of The Pacific
Sun Byron LLC
Corporation Deed
—
Nov 30, 2007
$103,000
Sterling Trust Company
Sun Byron LLC
Corporation Deed
—
Oct 8, 2007
$82,000
Trust Company Of The Pacific Ira
Sun Byron LLC
Corporation Deed
—
Oct 8, 2007
$268,000
R William Rasmussen
Sun Byron LLC
Warranty Deed
—
Oct 8, 2007
$102,000
Trust Company Of The Pacific Ira
Sun Byron LLC
Corporation Deed
—
Sep 25, 2007
$250,000
Footballbobs Quality Officiating Ll
Sun Byron LLC
Corporation Deed
—
Sep 25, 2007
$300,000
Caroline Bury
Sun Byron LLC
Corporation Deed
—
Sep 25, 2007
$96,000
Lowflight LLC
Sun Byron LLC
Corporation Deed
—
Sep 25, 2007
$182,000
Trust Company Of The Pacific Ira
Sun Byron LLC
Corporation Deed
—
Sep 25, 2007
$470,000
Rainier Northbelt 26 LLC
Sun Byron LLC
Corporation Deed
—
Sep 25, 2007
$170,000
P Lynn Radok
Sun Byron LLC
Corporation Deed
—
Sep 25, 2007
$100,000
Thomas M Schuett
Sun Byron LLC
Corporation Deed
—
Sep 25, 2007
$3,400,000
Bun Byron LLC
Shoppes At Bts LLC
Limited Warranty Deed
—
Jun 21, 2005
$498,584
Shoppes At Bts LLC
Darrel A Farr Development Corp
Warranty Deed
$2,720,000 · Lasalle Bank NA
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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