Technical
Financial
Distress signals
Property profile

1200 10th St Lake City, MN 55041

OFF-MARKET
Other warehouses
Property ID
US46-2999794
9,000 SF
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property consists of five flex space storage condominium units within a steel-roof building, each providing approximately 1,125 square feet. The spaces include concrete flooring and ceiling and wall insulation, and are heated with natural gas. Each unit has a 100-amp electrical service with a 16-circuit panel, roughed-in plumbing for a future bathroom, and a steel entry door. Access is provided by an oversized 14' x 14' overhead door intended for vehicle, move-in, and equipment storage. The interior configuration is designed to support storage use while providing base mechanical and electrical infrastructure for future owner customization, such as adding workspace elements or expanding plumbing.

Property profile

Verified
Property type Other warehouses
Use group MINI-WAREHOUSE, STORAGE
Total area 9,000 SF
APN R22.02808.00
UPID US46-2999794

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1200 10th St Lake City, MN 55041-2246
Lake City metro Census 490300 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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