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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Motels
1129 Main St Anoka, MN 55303-1562
Entity Owned
13-yr Hold
Free & Clear
Property ID
US46-0784814
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Construction
WOOD FRAME
Total area
23,546 SF
Lot
1.29 ac (56,192 SF)
Zoning code
B-1
APN
35-32-25-44-0018
UPID
US46-0784814
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
D & J Investment Group LLC · 13 yrs held
D & J Investment Group LLC
since 2013
3 recorded transactions
Zoning & alternative use
B-1 · Anoka, MN
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 Anoka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anoka 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,345,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,255,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,135,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,830,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,745,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,625,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,015,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10%
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
$60 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$21,302
Tax year 2024
Assessed value
$855,600
Assessed 2024
Previous assessed
$855,600
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$317,300
Assessed improvement
$538,300
Land market value
$317,300
Improvement market value
$538,300
Total market value
$855,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Total area
23,546 SF
Lot
1.29 ac (56,192 SF)
Zoning code
B-1
APN
35-32-25-44-0018
UPID
US46-0784814
Jurisdiction
ANOKA
Zoning & alternative use
B-1 · Anoka, MN
Zoning B-1 · permitted uses
B-1 · Anoka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anoka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.3M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1989
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
D & J Investment Group LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1129 W MAIN ST, ANOKA, MN 55303-1562
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Feb 22, 2017
—
D&j Investment Group LLC
—
Deed
related
$500,000 · Premier Bank
Feb 11, 2013
—
D & J Investment Group LLC
Dasi LLC
Quit Claim Deed
related
—
May 10, 2012
$726,990
Dharrmeshkumar N Bhakta
Deputy Sheriff Of Anoka County
Trustees 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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