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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Manufacturing properties
1190 11th SE Ave, Detroit Lakes, MN 56501-3700
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-2093709
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Total area
14,000 SF
Lot
1.97 ac (85,813 SF)
APN
491485010
UPID
US46-2093709
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
-
HCB Inc Factory Production Facility
-
Detroit Lakes Utility Warehse Water Utility Company
-
Detroit Lakes Electric Supvsr City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$570k
Owner & transaction history
City Of Detroit Lakes · 2 yrs held
City Of Detroit Lakes
since 2024
Last sale
$625,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$910,000
+0.7%
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
Method
Estimation
Statistic approach
$480,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$905,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: +1% · Conversion: Easy
RETAIL STORES
$885,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $625k (Mar 3 2024)
Last sale anchor
$625k
Mar 3 2024
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
$41 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,508
Tax year 2023
Assessed value
$422,100
Assessed 2023
Previous assessed
$303,100
+39.3% YoY
Effective rate
2.25%
On assessed value
Assessed land
$92,200
Assessed improvement
$329,900
Land market value
$92,200
Improvement market value
$329,900
Total market value
$422,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Stories
1
Total area
14,000 SF
Lot
1.97 ac (85,813 SF)
APN
491485010
UPID
US46-2093709
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$910,000
RETAIL STORES
Est. value
$885,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1978
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
City Of Detroit Lakes
Entity
Mailing address
PO BOX 7340, FARGO, ND 58106-7340
Ownership since
2024
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
Jun 3, 2024
$625,000
City Of Detroit Lakes
Tri-state Investment LLP
Warranty Deed
—
Feb 1, 2023
$519,000
Tri State Investments LLP
Hcb LLC
Warranty Deed
—
Jan 16, 2019
$553,000
Hcb LLC
Hcb INC
Warranty Deed
$553,000 · United Community Bank
Jan 16, 2019
—
Hcb LLC
—
Deed
related
$100,000 · United Community Bank
Apr 6, 2016
$350,000
Hcb INC
Detroit Lakes Development Authority
Quit Claim Deed
related
$297,110 · Bremer Bank NA
Mar 23, 2011
$350,000
Hank Bonde LLC
Detroit Lakes Development Authority
Contract Sale
—
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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