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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Warehouses
1210 Broadway St, Alexandria, MN 56308-2532
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-1467500
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1939
Total area
17,691 SF
APN
63-1828-000
UPID
US46-1467500
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
$2.12M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.69M
Owner & transaction history
Golden Oak Investments LLC · 21 yrs held
Golden Oak Investments LLC
since 2005
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+45.1%
Restaurant
$2.3M
+29.2%
Retail stores
$1.9M
+8.5%
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 Alexandria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alexandria 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,290,000
6.5%
$2,115,000
7%
$1,960,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,750,000
Current use
COMMERCIAL (GENERAL)
$2,540,000
Change: +45% · Conversion: Difficult
RESTAURANT
$2,260,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$1,900,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10%
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
$95 / 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
$30,316
Tax year 2023
Assessed value
$1,216,100
Assessed 2023
Previous assessed
$1,158,100
+5.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$341,500
Assessed improvement
$874,600
Land market value
$341,500
Improvement market value
$874,600
Total market value
$1,216,100
Applied tax rate
1.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1939
Heating
NONE
Buildings
3
Total area
17,691 SF
APN
63-1828-000
UPID
US46-1467500
Jurisdiction
DOUGLAS
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
WAREHOUSE, STORAGE Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RESTAURANT
Est. value
$2.3M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1939
Heating
NONE
Buildings
3
Current owner
From public records · entity-resolved
Golden Oak Investments LLC
Entity
Mailing address
901 STATE HWY 29TH N STE #205, ALEXANDRIA, MN 56308-5088
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
City Center Plaza Of Alexandria LLC
—
Deed
related
$22,692 · Glenwood State Bank
Apr 12, 2023
—
City Center Plaza Of Alexandria LLC
—
Deed
related
$20,000 · Glenwood State Bank
Jan 3, 2022
—
City Center Plaza Of Alexandria LLC
—
Deed
related
$6,073 · Glenwood State Bank
Jul 23, 2020
—
City Center Plaza Of Alexandria LLC
—
Deed
related
$4,807 · Glenwood State Bank
May 27, 2005
—
Golden Oak Investments LLC
Caseys Retail Co
Warranty Deed
$310,000 · Glenwood State Bank
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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