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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Specialty properties
1115 Riv Rd Detroit Lakes, MN 56501-2722
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-2163145
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1996
Construction
WOOD
Total area
6,032 SF
Lot
0.44 ac (19,011 SF)
APN
490865811
UPID
US46-2163145
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
-
Detroit Lakes Animal Hospital Veterinary Clinic
-
Veterinary Dermatology Service Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Mccrmack Haggert Properties LLC · 3 yrs held
Mccrmack Haggert Properties LLC
since 2023
Last sale
$545,000
3 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 Detroit Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit Lakes 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
$505,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$585,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$550,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$550,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$395,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$390,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$380,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $545k (Jun 12 2023)
Last sale anchor
$545k
Jun 12 2023
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
$87 / 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
$15,936
Tax year 2023
Assessed value
$662,600
Assessed 2023
Previous assessed
$616,500
+7.5% YoY
Effective rate
2.41%
On assessed value
Assessed land
$92,800
Assessed improvement
$569,800
Land market value
$92,800
Improvement market value
$569,800
Total market value
$662,600
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1996
Construction
WOOD
Stories
1
Total area
6,032 SF
Lot
0.44 ac (19,011 SF)
APN
490865811
UPID
US46-2163145
Jurisdiction
BECKER
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
Est. value
$585,000
WAREHOUSE, STORAGE
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$550,000
OFFICE BUILDING
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$395,000
INDUSTRIAL (GENERAL)
Est. value
$390,000
RETAIL STORES
Est. value
$380,000
RESTAURANT
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1996
Construction
WOOD
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mccrmack Haggert Properties LLC
Entity
Mailing address
2604 LONG LK RD, DETROIT LAKES, MN 56501-8035
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
—
Mccrmack Haggert Properties LLC
Detriot Lakes Animal Hospital
Quit Claim Deed
related
—
Oct 21, 2016
—
Detroit Lakes Animal Hospital
—
Deed
related
$640,000 · Pacific Coast Bankers Bank
Apr 3, 2006
$545,000
Detroit Lakes Animal Hospital
Countryside Offices LLC
Warranty Deed
$1,000,000 · Midwest 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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