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Property profile & analytics
OFF-MARKET
Warehouses
11050 Lamont NE Ave, Hanover, MN 55341-4063
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0242937
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
STEEL FRAME
Total area
3,648 SF
Lot
1.79 ac (78,016 SF)
APN
108-027-001010
UPID
US46-0242937
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
-
SJS FARMS (Bike/Boat/Book/etc) Store Food Market
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
Sjs Farms INC · 8 yrs held
Sjs Farms INC
since 2018
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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,576
Tax year 2023
Assessed value
$449,000
Assessed 2023
Previous assessed
$449,000
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$234,000
Assessed improvement
$215,000
Land market value
$234,000
Improvement market value
$215,000
Total market value
$449,000
Applied tax rate
801.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
ELECTRIC
Buildings
2
Total area
3,648 SF
Lot
1.79 ac (78,016 SF)
APN
108-027-001010
UPID
US46-0242937
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
Building & site characteristics
From public records
Year built
1992
Construction
STEEL FRAME
Heating
ELECTRIC
Buildings
2
Lot
1.79 ac
Current owner
From public records · entity-resolved
Sjs Farms INC
Entity
Free & Clear · 8 yrs held
Mailing address
7900 PIONEER TRL NE STE #100, LORETTO, MN 55357-9568
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Mar 14, 2018
$340,045
Sjs Farms INC
Community Dev Bk Fsb
Grant Deed
related
—
Feb 15, 2017
—
Sjs Farms INC
—
Deed
related
$248,701 · First American Bk
Jan 3, 2014
$320,000
Sjs Farms INC
Great Nrthn Bk
Dual Purpose Document
related
$272,000 · Great Nrthn Bk
Sep 24, 2012
$1,329,340
Great Nrthn Bk
Deputy Sheriff Of Wright Cnty
Trustees Deed
related
—
Jul 9, 2010
—
Great Nrthn Bk
Terhaar,kevin A & Mary
Deed In Lieu Of Foreclosure
related
—
—
—
Kevin A Terhaar
—
Deed Of Trust
related
$250,000 · State Bank Of Rogers
—
—
Kevin A Terhaar
—
Deed Of Trust
related
—
—
—
Kevin Terhaar
—
Deed Of Trust
related
$988,389 · Great Northern Bank
—
—
Sjs Farms INC
—
Loan Modification
related
$248,701 · First American Bk
—
—
Kevin A Terhaar
—
Deed Of Trust
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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