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Property profile & analytics
FOR SALE
Office buildings
1215 N 7Th St Lake City, MN 55041
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-1395437
For Sale
1 / 30
$1,500,000
1215 N 7Th St, Lake City, MN 55041
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
14,300 SF
APN
54.135.0090
UPID
US46-1395437
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
-
Goihl Chiropractic Alternative Medicine Practice
-
Rivers Edge Wellness Gym & Fitness Center
-
ActivePT - Lake City Medical Clinic
-
Balanced Body Massage and spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Cp Lake City LLC · 5 yrs held
Cp Lake City LLC
since 2021
Last sale
$574,848
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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
$685,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $575k (May 26 2021)
Last sale anchor
$575k
May 26 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
$44 / 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
$11,974
Tax year 2023
Assessed value
$443,700
Assessed 2023
Previous assessed
$443,700
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$30,800
Assessed improvement
$412,900
Land market value
$30,800
Improvement market value
$412,900
Total market value
$443,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2005
Heating
NONE
Stories
1
Total area
14,300 SF
APN
54.135.0090
UPID
US46-1395437
Jurisdiction
GOODHUE
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
2005
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Cp Lake City LLC
Entity
Mailing address
PO BOX 180673, DELAFIELD, WI 53018-0673
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
$1,005,000
Cp Lake City LLC
Prescient Capital Partners Ltd
Quit Claim Deed
related
$7,850,000 · Cp Wabasha LLC
May 19, 2021
$1,005,000
Cp Lake City LLC
Prescient Capital Partners Ltd
Quitclaim Deed
related
$7,850,000 · Cp Wabasha LLC
Jan 13, 2021
—
Prescient Capital Partners Ltd
Jpn Realty LLC
Deed
related
—
Apr 11, 2018
—
Jpn Realty LLC
—
Deed
related
$3,180,000 · Prescient Capital Partners Ltd
Aug 9, 2017
$315,000
Ronald L Sanderson Revocable Trust
Lee Sanderson Chand
Warranty Deed
$25,000 · Jpn Ventures INC
Apr 27, 2017
$574,848
Jpn Realty LLC
Kj Investments LLC
Warranty Deed
—
Apr 24, 2017
$575,000
Jpn Realty LLC
Kj Investments LLC
Warranty Deed
$1,840,000 · North Avenue Capital LLC
Aug 1, 2006
$960,000
Burckhardt Properties LLC
True North Services INC
Warranty Deed
—
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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