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Property profile & analytics
OFF-MARKET
Turn key restaurants
119 2nd E St, Hastings, MN 55033-1243
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US46-0547225
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1890
Construction
CONCRETE
Total area
5,220 SF
Lot
0.06 ac (2,614 SF)
Zoning code
R
APN
19-32150-04-085
UPID
US46-0547225
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
-
PRS Inc (Bike/Boat/Book/etc) Store Corporate Office
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
El Mexican Restaurant Restaurant
-
Adams Law Office Law Firm
-
Nettworth Financial Group Financial Advisor
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
County Of Dakota · 8 yrs held
County Of Dakota
since 2018
6 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
$6,340
Tax year 2023
Assessed value
$413,300
Assessed 2022
Previous assessed
$413,300
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$41,300
Assessed improvement
$372,000
Land market value
$41,300
Improvement market value
$372,000
Total market value
$413,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1890
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Total area
5,220 SF
Lot
0.06 ac (2,614 SF)
Zoning code
R
APN
19-32150-04-085
UPID
US46-0547225
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
1890
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Lot
0.06 ac
Current owner
From public records · entity-resolved
County Of Dakota
Entity
Mailing address
4529 OAK POND CIR, EAGAN, MN 55123-1925
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2019
—
Karl R Hajny
—
Deed
related
—
Apr 12, 2018
—
County Of Dakota
Confluence Dev LLC
Quitclaim Deed
related
—
Nov 27, 2017
—
Karl R Hajny
—
Deed
related
$92,656 · Alerus Financial NA
—
—
Karl R Hajny
—
Loan Modification
related
—
—
—
Hajny,karl R & Jean M
—
Loan Modification
related
—
—
—
Karl R Hajny
—
Deed Of Trust
related
$199,000 · Twin Cities-metro Certified De
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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