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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Turn key restaurants
110 Railway NW St, Lonsdale, MN 55046-4370
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-1304980
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Total area
4,318 SF
Lot
0.84 ac (36,590 SF)
APN
19.26.1.50.008
UPID
US46-1304980
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
-
Rail 19 Bar & Grill Restaurant
-
Whistle Stop Tavern Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$361k
Blend (final)
Blend
$570k
Owner & transaction history
Graves Holdings LLC · 2 yrs held
Graves Holdings LLC
since 2024
Last sale
$569,900
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$730,000
+19.7%
Commercial (general)
$630,000
+2.9%
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 Lonsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lonsdale 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
$570,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$610,000
Current use
OFFICE BUILDING
$730,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$630,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$515,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $570k (Jan 2 2024)
Last sale anchor
$570k
Jan 2 2024
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
$132 / 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
$9,288
Tax year 2024
Assessed value
$359,100
Assessed 2024
Previous assessed
$359,100
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$124,600
Assessed improvement
$234,500
Land market value
$124,600
Improvement market value
$234,500
Total market value
$359,100
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
4,318 SF
Lot
0.84 ac (36,590 SF)
APN
19.26.1.50.008
UPID
US46-1304980
Jurisdiction
RICE
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
RESTAURANT Current
Est. value
$610,000
OFFICE BUILDING
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$515,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1985
Heating
NONE
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Graves Holdings LLC
Entity
Mailing address
8905 SHIELDS LK PATH, FARIBAULT, MN 55021-7420
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
$569,900
Graves Holdings LLC
Bastyr Holdings LLC
Warranty Deed
$199,465 · Coulee Bank
Feb 2, 2009
$500
Bastyr Holdings LLC
City Of Lonsdale
Quit Claim Deed
related
—
Apr 25, 2007
$282,148
Bastyr Holdings LLC
City Of Lonsdale
Warranty Deed
related
$394,825 · Frandsen Bank & Trust
—
—
Bastyr Holdings LLC
—
Loan Modification
related
$327,973 · Frandsen Bank & Trust
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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