New search
Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Flex space
12070 43rd NE St, Saint Michael, MN 55376-8427
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-0715817
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
98,262 SF
Lot
10.38 ac (452,153 SF)
APN
114-164-001010
UPID
US46-0715817
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
$625k
Owner & transaction history
Pfankuch Johnstown Ventures LLP · 3 yrs held
Pfankuch Johnstown Ventures LLP
since 2022
Last sale
$528,903
7 recorded transactions
Zoning & alternative use
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 Saint Michael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Michael 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
$515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $529k (Nov 28 2022)
Last sale anchor
$529k
Nov 28 2022
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
$6 / 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
$143,336
Tax year 2023
Assessed value
$6,442,900
Assessed 2023
Previous assessed
$6,442,900
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$1,001,900
Assessed improvement
$5,441,000
Land market value
$1,001,900
Improvement market value
$5,441,000
Total market value
$6,442,900
Applied tax rate
1,401.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
98,262 SF
Lot
10.38 ac (452,153 SF)
APN
114-164-001010
UPID
US46-0715817
Jurisdiction
WRIGHT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
10.38 ac
Current owner
From public records · entity-resolved
Pfankuch Johnstown Ventures LLP
Entity
Free & Clear · 3 yrs held
Mailing address
900 3RD ST N, MINNEAPOLIS, MN 55401-1017
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
$231,545
Pfankuch Johnstown Ventures LLP
Srrt St Michael LLC
Limited Warranty Deed
—
Nov 28, 2022
$528,903
Pfankuch Johnstow Ventures LLP
Thomas R Pfankuch
Limited Warranty Deed
—
May 13, 2021
$5,032,263
Judith M Erdei
Srrt St Michael LLC
Limited Warranty Deed
$3,066,250 · Bridgewater Bank
Apr 21, 2021
$5,575,000
Srrt St Michael LLC
Jet Edge Real Estate Holdings LLC
Limited Warranty Deed
—
Dec 27, 2018
—
Jet Edge R & E Hldgs LLC
—
Deed
related
$2,000,000 · Old Nat'l Bk
Oct 16, 2018
$4,720,000
Jet Edge Real Estate Holdings LLC
Jpk Holdings INC
Warranty Deed
$2,000,000 · Old National Bank
Nov 23, 2004
$260,984
Vikki A Schroeder
T/c Holdings Of Blame LLC
Warranty Deed
$229,680 · American Residential Mortgage
—
—
Jet Edge R & E Hldgs LLC
—
Loan Modification
related
$2,000,000 · Old Nat'l Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12070 43rd NE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
