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Property profile & analytics
OFF-MARKET
Estimated value
$3,960,000
Grocery and convenience stores
117 Splitrock Blvd Brandon, SD 57005-1529
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US79-0039147
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
49,071 SF
Lot
1.67 ac (72,832 SF)
Zoning code
B2;RETAILFINANCIALPARKSCH
APN
63271
UPID
US79-0039147
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
-
Tony's Catering Take-out & Catering Catering Service
-
Sunshine Food Stores Grocery & Convenience Store Food Market
-
Sunshine Foods Grocery & Convenience Store Food Market
-
Brandon Supermarket Inc Grocery & Convenience Store Food Market
-
Kodak Kiosk (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$3.96M
Owner & transaction history
Roemen Properties LLC · 5 yrs held
Roemen Properties LLC
since 2020
1 recorded transaction
Zoning & alternative use
B2;RETAILFINANCIALPARKSCH · Brandon, SD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.6M
+29.9%
Auto repair, garage
$4.7M
+8.5%
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 Brandon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brandon 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
$4,305,000
Current use
OFFICE BUILDING
$5,595,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,670,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,765,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.96M
Range $3.56M – $4.36M · ±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
$81 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$54,942
Tax year 2022
Assessed value
$3,107,400
Assessed 2022
Previous assessed
$2,903,100
+7.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$346,000
Assessed improvement
$2,761,400
Applied tax rate
52,492.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
OTHER
Stories
1
Total area
49,071 SF
Lot
1.67 ac (72,832 SF)
Zoning code
B2;RETAILFINANCIALPARKSCH
APN
63271
UPID
US79-0039147
Jurisdiction
MINNEHAHA
Zoning & alternative use
B2;RETAILFINANCIALPARKSCH · Brandon, SD
Zoning B2;RETAILFINANCIALPARKSCH · permitted uses
B2;RETAILFINANCIALPARKSCH · Brandon, SD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brandon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
OFFICE BUILDING
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$3.8M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Roemen Properties LLC
Entity
Mailing address
117 N SPLITROCK BLVD, BRANDON, SD 57005-1529
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2020
—
Roemen Properties LLC
—
Deed
related
$3,200,000 · First Bank & Trust
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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