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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Commercial real estate
111 Sherburne Ave Big Lake, MN 55309
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0045646
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Total area
2,352 SF
Lot
0.88 ac (38,333 SF)
APN
65-436-0245
UPID
US46-0045646
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
-
Big Lake Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$680k
Owner & transaction history
Big Lake Car Wash INC · 3 yrs held
Big Lake Car Wash INC
since 2022
Last sale
$700,000
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
$630,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$440,000
7%
$410,000
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $700k (Jul 27 2022)
Last sale anchor
$700k
Jul 27 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
$289 / 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
$8,646
Tax year 2023
Assessed value
$385,900
Assessed 2023
Previous assessed
$300,100
+28.6% YoY
Effective rate
2.24%
On assessed value
Assessed land
$191,700
Assessed improvement
$194,200
Land market value
$191,700
Improvement market value
$194,200
Total market value
$385,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
OTHER
Total area
2,352 SF
Lot
0.88 ac (38,333 SF)
APN
65-436-0245
UPID
US46-0045646
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
2004
Heating
OTHER
Lot
0.88 ac
Current owner
From public records · entity-resolved
Big Lake Car Wash INC
Entity
Free & Clear · 3 yrs held
Mailing address
18903 TYLER ST NW, ELK RIVER, MN 55330-4774
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
—
Big Lake Car Wash INC
Bl Car Wash LLC
Assignment Of Lease (leasehold Sale)
—
Jul 27, 2022
$700,000
Bl Car Wash LLC
Jd Management Of Big Lake LLC
Warranty Deed
$357,500 · The Bank Of Elk River
Nov 2, 2011
$650,000
Jd Management Of Big Lake LLC
Soltau,danny L & Christine M
Warranty Deed
—
Nov 9, 2007
$572,649
Dd Management Of Big Lake
Soetau,danny L & Christine M
Warranty Deed
—
Jun 15, 2004
$121,500
Danny L Soltau
Olson,alan R & Denise E
Warranty Deed
—
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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