New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Strip malls
121 Sioux Rd, Mankato, MN 56001-4897
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-1933636
Property summary
AI-generated overview
This Mankato, Minnesota industrial property, located at 121 Sioux Rd, 56001, offers 12,400 square feet of warehouse space in a multi-tenant building constructed in 1989. The property sits on a 49,556 square foot lot in Blue Earth County. Currently, 12,802 square feet is vacant and available for lease. Spaces range from a minimum of 1,800 square feet to a maximum contiguous space of 6,000 square feet, offering flexibility for various business needs. The building features high ceilings, ample parking, and the potential for truck/dock access. The location provides excellent visibility and accessibility, situated just one block from Madison Avenue and MN-22, in a high-traffic area. Monument signage is available for increased brand awareness. The property is ideal for businesses requiring both retail storefront space and warehouse storage, offering a combined solution for efficient operations. The warehouse area is easily divisible to accommodate smaller tenants, with dedicated parking. This prime location in Mankato's desirable hilltop district presents a unique opportunity for businesses seeking a versatile and strategically located space.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
12,400 SF
Lot
1.13 ac (49,223 SF)
APN
R01.09.09.476.006
UPID
US46-1933636
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
-
uBreakiFix - Phone and Computer Repair Tech Support Center IT Consulting Firm
-
T T Nails Nail Salon
-
Dunham Express Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Usc Holdings LLC · 4 yrs held
Usc Holdings LLC
since 2021
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+79.9%
Warehouse, storage
$1.1M
+76.0%
Office building
$1.1M
+70.7%
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 Mankato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mankato 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
$1,505,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,170,000
Change: +80% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,145,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$1,110,000
Change: +71% · Conversion: Moderate
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.40M (Nov 2 2021)
Last sale anchor
$1.40M
Nov 2 2021
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
$117 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$26,546
Tax year 2024
Assessed value
$1,059,600
Assessed 2024
Previous assessed
$1,036,000
+2.3% YoY
Effective rate
2.51%
On assessed value
Assessed land
$197,700
Assessed improvement
$861,900
Land market value
$197,700
Improvement market value
$861,900
Total market value
$1,059,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Total area
12,400 SF
Lot
1.13 ac (49,223 SF)
APN
R01.09.09.476.006
UPID
US46-1933636
Jurisdiction
BLUE EARTH
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
RESTAURANT
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1989
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Usc Holdings LLC
Entity
Mailing address
2015 BASSETT DR STE #200, MANKATO, MN 56001-4431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 2, 2021
$1,400,000
Usc Holdings LLC
Mankato Rehabilitation Center INC
Warranty Deed
$1,190,000 · First National Bank Mn
Jun 7, 2018
—
Mankato Rehabilitation Center
—
Deed
related
$320,000 · Minnstar Bank NA
Oct 28, 2016
$621,148
Mankato Rehabilitation Center
Kasota Properties LLC
Warranty Deed
—
Jun 23, 2015
$1,200,000
Kasota Properties LLC
Mega Load Properties LLC
Warranty Deed
$960,000 · Citizens Community Bank
Feb 8, 2013
$1,350,000
Mega Load Properties LLC
43 LLC
Warranty Deed
$1,080,000 · Farmers State Bank Of Hartland
Jun 15, 2010
$725,000
43 LLC
Sue S Richard
Trustees Deed
related
—
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 121 Sioux Rd?
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.
