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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Commercial real estate
1262 241st NE Ave, East Bethel, MN 55005
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-1583462
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2020
Total area
4,400 SF
Lot
10.09 ac (439,388 SF)
APN
29-34-23-31-0004
UPID
US46-1583462
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
-
Gopher State Storage -- East Bethel North Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$935k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Minnesota Built Harris LLC · 7 yrs held
Minnesota Built Harris LLC
since 2018
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 East Bethel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Bethel 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%
$1,010,000
6.5%
$935,000
7%
$865,000
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$168 / 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
$113,968
Tax year 2024
Assessed value
$4,769,600
Assessed 2024
Previous assessed
$4,769,600
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$325,800
Assessed improvement
$4,443,800
Land market value
$325,800
Improvement market value
$4,443,800
Total market value
$4,769,600
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2020
Heating
NONE
Total area
4,400 SF
Lot
10.09 ac (439,388 SF)
APN
29-34-23-31-0004
UPID
US46-1583462
Jurisdiction
ANOKA
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
2020
Heating
NONE
Lot
10.09 ac
Current owner
From public records · entity-resolved
Minnesota Built Harris LLC
Entity
Mailing address
228 PARK AVE S #85473, NEW YORK, NY 10003-1502
Ownership since
2018
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 20, 2022
—
Minnesota Built Harris LLC
—
Deed
related
$750,000 · First National Community Bank
Oct 7, 2021
—
Minnesota Built Harris LLC
—
Deed
related
$1,105,000 · First National Community Bank
Feb 1, 2021
—
Minnesota Built Harris LLC
—
Deed
related
$1,497,000 · First National Community Bank
Aug 31, 2020
—
Built Harris LLC
—
Deed
related
$952,092 · First National Community Bank
Feb 11, 2020
—
Minnesota Built Harris LLC
—
Deed
related
$798,900 · First National Community Bank
Nov 28, 2018
—
Minnesota Built Harris LLC
—
Deed
related
$225,000 · 21st Century Bank
Nov 13, 2018
$300,000
Minnesota Built Harris LLC
Kociscak,andrew P
Warranty Deed
$150,000 · Andrew P Kociscak
Aug 24, 2016
$42,000
Andrew P Kociscak
Menkveld,j A & Betty
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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