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Property profile & analytics
OFF-MARKET
Retail space
1152 Washington Ave, Detroit Lakes, MN 56501-3411
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-2419079
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
WOOD
Total area
1,170 SF
Lot
0.1 ac (4,250 SF)
APN
491231000
UPID
US46-2419079
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
-
Sharon's Style Hair Salon Nail Salon
-
Spice Boys Department Store
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
Bck Lake Properties LLC · 1 yrs held
Bck Lake Properties LLC
since 2025
Last sale
$290,000
7 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
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
$2,136
Tax year 2023
Assessed value
$116,300
Assessed 2023
Previous assessed
$108,000
+7.7% YoY
Effective rate
1.84%
On assessed value
Assessed land
$46,700
Assessed improvement
$69,600
Land market value
$46,700
Improvement market value
$69,600
Total market value
$116,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
WOOD
Stories
1
Total area
1,170 SF
Lot
0.1 ac (4,250 SF)
APN
491231000
UPID
US46-2419079
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
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Bck Lake Properties LLC
Entity
Mailing address
PO BOX 686, DETROIT LAKES, MN 56502-0686
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
Bck Lake Properties LLC
—
Deed
related
$80,000 · Midwest Bank
Mar 5, 2025
$290,000
Bck Lake Properties LLC
Oakwood Properties Dl LLC
Warranty Deed
$232,000 · Midwest Bank
Apr 8, 2024
—
Oakwood Properties Dl LLC
—
Deed
related
$162,866 · Midwest Bank
May 31, 2022
$165,000
Oakwood Prop Dl LLC
Lief E Rogstad
Warranty Deed
$165,000 · Bell Bank
Jun 18, 2020
—
James R Wood
James R Wood
Quit Claim Deed
related
—
Jun 2, 2020
$120,000
James R Wood
Ramsey Dl Properties LLC
Warranty Deed
$75,000 · Midwest Bank
May 5, 2020
$115,000
Ramsey Dl Properities LLC
Shanron L Johnsonwalla
Warranty Deed
$92,000 · Midwest Bank
Aug 28, 2019
—
Sharon L Johnson
—
Deed
related
$57,000 · Midwest Bank
Jan 8, 2008
$80,000
Sharon L Johnson
Daniel R Tijan
Warranty Deed
$64,000 · Bremer Bank NA
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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