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Property profile & analytics
OFF-MARKET
Office buildings
115 5th E St, Hastings, MN 55033-1903
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-0920031
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
CONCRETE
Total area
2,229 SF
Lot
0.28 ac (12,197 SF)
Zoning code
R
APN
19-32150-29-070
UPID
US46-0920031
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
-
Hastings Fire Department Fire Station
-
Dave Mueller Caring Hands Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Caring Hands INC · 5 yrs held
Caring Hands INC
since 2020
Last sale
$270,000
7 recorded transactions
Zoning & alternative use
R · Hastings, 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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,606
Tax year 2023
Assessed value
$313,400
Assessed 2022
Previous assessed
$304,400
+3.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$87,500
Assessed improvement
$225,900
Land market value
$87,500
Improvement market value
$225,900
Total market value
$313,400
Applied tax rate
19.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Buildings
3
Bathrooms
3
Total area
2,229 SF
Lot
0.28 ac (12,197 SF)
Zoning code
R
APN
19-32150-29-070
UPID
US46-0920031
Jurisdiction
DAKOTA
Zoning & alternative use
R · Hastings, MN
Zoning R · permitted uses
R · Hastings, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Buildings
3
Bathrooms
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Caring Hands INC
Entity
Free & Clear · 5 yrs held
Mailing address
427 VERMILLION ST, HASTINGS, MN 55033-1937
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
—
Caring Hands Incorporated
—
Deed
related
$30,000 · Vermillion State Bank
Aug 2, 2021
—
Caring Hands Incorporated
—
Deed
related
$150,000 · Vermillion State Bank
Jul 15, 2021
—
Caring Hnads Incorporation
—
Deed
related
$150,000 · Vermillion State Bank
Oct 14, 2020
$270,000
Caring Hands INC
Martin Kranz
Warranty Deed
—
Oct 14, 2020
$3,000
Martin Kranz
E E I
Quit Claim Deed
related
—
Aug 4, 2020
$500
Martin Kranz
Eei A Minnesota Ptshp
Quit Claim Deed
related
—
Aug 4, 2020
$270,000
Caring Hands INC
Martin Kranz
Warranty Deed
—
Aug 24, 2006
$270,000
Caring Hands INC
Eei
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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