Property profile

11243 Riv NE Rd Hanover, MN 55341

OFF-MARKET
Auto shops
Property ID
US46-0451840
3,912 SF 0.18 ac lot Built 1940
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,912 SF
Lot 0.18 ac (7,623 SF)
APN 108-500-363302
UPID US46-0451840

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11243 Riv NE Rd Hanover, MN 55341-4022
Hanover metro Census 100805 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$615k

Owner & transaction history

since 2023
Last sale
$650,000
3 recorded transactions
2023
$650,000
2023
Price N/A
2014
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $520,000 +13.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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