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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Office buildings
1250 Frontage Rd, Hastings, MN 55033-1519
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0574684
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
CONCRETE
Total area
14,288 SF
Lot
1.25 ac (54,450 SF)
Zoning code
R
APN
19-13100-01-020
UPID
US46-0574684
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
-
Regions Hospital New Connctns Medical Clinic
-
Spiral Food Co-op Grocery & Convenience Store Food Market
-
DCA Title \ The Title Team Title Company
-
Saundra W. Bacon, Psy.D., LP Physician Medical Clinic
-
Norgaard Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$940k
Owner & transaction history
Rrv LLC · 2 yrs held
Rrv LLC
since 2024
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
R · Hastings, MN
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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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
$885,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $1.00M (Jun 20 2022)
Last sale anchor
$1.00M
Jun 20 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
$66 / 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
$26,200
Tax year 2023
Assessed value
$934,100
Assessed 2022
Previous assessed
$934,100
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$457,400
Assessed improvement
$476,700
Land market value
$457,400
Improvement market value
$476,700
Total market value
$934,100
Applied tax rate
19.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
14,288 SF
Lot
1.25 ac (54,450 SF)
Zoning code
R
APN
19-13100-01-020
UPID
US46-0574684
Jurisdiction
DAKOTA
Zoning & alternative use
R · Hastings, MN
Zoning R · permitted uses
R · Hastings, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
1.25 ac
Current owner
From public records · entity-resolved
Rrv LLC
Entity
Free & Clear · 2 yrs held
Mailing address
223 S BROAD ST, MANKATO, MN 56001-7060
Ownership since
2024
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
Mar 4, 2024
$1,040,000
Rrv LLC
Rh Holdings LLC
Warranty Deed
—
Jun 29, 2022
—
Rh Holdings LLC
—
Deed
related
$20,000 · Hastings Economic Development And Redeve
Jun 20, 2022
$1,000,000
Jocor Holdings LLC
Dnr LLC
Warranty Deed
$745,100 · Merchants Bank NA
Apr 20, 2017
—
Rh Holdings LLC
Holm,rebecca L
Quitclaim Deed
related
—
Jan 18, 2017
$800,000
Rebecca Lynn Holm
Malecha Enterprises INC
Warranty Deed
$600,000 · Bridgewater Bank
Jun 16, 2016
$900,000
Dnr LLC
Dakota County Abstract Co
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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