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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Turn key restaurants
111 Jefferson Blvd Big Lake, MN 55309-9572
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0899012
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Total area
6,994 SF
Lot
1.62 ac (70,567 SF)
APN
65-401-0171
UPID
US46-0899012
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
-
P&AChimney&DryerVentCleaning General Contractor Renovation Specialist
-
Willy's on the Water Restaurant
-
Fireside Room at Willy's on the Water Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Big Lake Investments LLC · 1 yrs held
Big Lake Investments LLC
since 2024
Last sale
$1.2M
5 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 Big Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Big Lake 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
$1,425,000
ML approach
$1,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.20M (Dec 17 2021)
Last sale anchor
$1.20M
Dec 17 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
$184 / 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
$23,614
Tax year 2023
Assessed value
$1,127,300
Assessed 2023
Previous assessed
$845,200
+33.4% YoY
Effective rate
2.09%
On assessed value
Assessed land
$494,000
Assessed improvement
$633,300
Land market value
$494,000
Improvement market value
$633,300
Total market value
$1,127,300
Applied tax rate
65.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Total area
6,994 SF
Lot
1.62 ac (70,567 SF)
APN
65-401-0171
UPID
US46-0899012
Jurisdiction
SHERBURNE
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
1987
Heating
FORCED AIR
Lot
1.62 ac
Current owner
From public records · entity-resolved
Big Lake Investments LLC
Entity
Mailing address
111 JEFFERSON BLVD, BIG LAKE, MN 55309-9572
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
—
Big Lake Investments LLC
Big Lake Investments LLC
Deed
related
$500,000 · Premier Bank Minnesota
Sep 26, 2024
—
Big Lake Investments LLC
—
Deed
related
$500,000 · Premier Bank Minnesota
Dec 17, 2021
$1,200,000
Big Lake Investments LLC
Larry F Sperr
Warranty Deed
—
Nov 3, 2017
—
Sperr Properties LLC
—
Deed
related
$530,000 · Sherburne State Bank
Mar 22, 2013
—
Vetsch Russell A Trust
—
Trustees Deed
related
$262,952 · Midcountry 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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