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Property profile & analytics
OFF-MARKET
Manufacturing properties
11673 Grondahl Rd, Lake Park, MN 56554-9154
Individually Owned
Free & Clear
Property ID
US46-2106380
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Construction
WOOD
Total area
5,520 SF
Lot
3.64 ac (158,733 SF)
Zoning code
AGRICULTURAL
APN
60380002
UPID
US46-2106380
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
by Request
Owner & transaction history
Justin Evension And Tara Shilling R
Justin Evension And Tara Shilling R
since 2025
Last sale
$315,000
3 recorded transactions
Zoning & alternative use
AGRICULTURAL · Lake Park, 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 Lake Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Park 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
$5,168
Tax year 2023
Assessed value
$354,800
Assessed 2023
Previous assessed
$310,600
+14.2% YoY
Effective rate
1.46%
On assessed value
Assessed land
$60,700
Assessed improvement
$294,100
Land market value
$60,700
Improvement market value
$294,100
Total market value
$354,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
SPACE
Cooling
YES
Stories
1
Total area
5,520 SF
Lot
3.64 ac (158,733 SF)
Zoning code
AGRICULTURAL
APN
60380002
UPID
US46-2106380
Jurisdiction
BECKER
Zoning & alternative use
AGRICULTURAL · Lake Park, MN
Zoning AGRICULTURAL · permitted uses
AGRICULTURAL · Lake Park, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Lot
3.64 ac
Current owner
From public records · entity-resolved
Justin Evension And Tara Shilling R
Individual
Free & Clear · 0 yrs held
Mailing address
4672 RIVERWOOD DR N, FARGO, ND 58102-5334
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2025
—
Justin Evension And Tara Shilling R
Tara D Evension
Deed
related
—
Apr 29, 2022
$315,000
J Evenson&t Shilling Ret
Lake Ida Prop Building
Warranty Deed
$300,000 · Minnesota Nb
Mar 12, 2008
—
Lake Ida Professional Building LLC
Bruce D Danielson
Corporation 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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