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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Automotive properties
1281 Raintree Rd Mankato, MN 56001-5373
Entity Owned
10-yr Hold
Free & Clear
Property ID
US46-1948994
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2016
Total area
10,276 SF
Lot
1.72 ac (74,923 SF)
APN
R01.09.09.151.015
UPID
US46-1948994
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
-
Hyundai of Mankato Car Dealership
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Service Department at Hyundai of Mankato Auto Repair Shop Vehicle Inspection Center
-
Mankato Autoworks Llc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
Mankato Building & Dev LLC · 10 yrs held
Mankato Building & Dev LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$970,000
+49.5%
Warehouse, storage
$950,000
+46.2%
Office building
$920,000
+41.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$650,000
Current use
RESTAURANT
$970,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$950,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$920,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$590,000
Change: -9% · Conversion: Difficult
MEDICAL BUILDING
$590,000
Change: -9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$61 / 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
$47,972
Tax year 2024
Assessed value
$1,801,900
Assessed 2024
Previous assessed
$1,824,100
-1.2% YoY
Effective rate
2.66%
On assessed value
Assessed land
$449,500
Assessed improvement
$1,352,400
Land market value
$449,500
Improvement market value
$1,352,400
Total market value
$1,801,900
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2016
Heating
NONE
Stories
1
Total area
10,276 SF
Lot
1.72 ac (74,923 SF)
APN
R01.09.09.151.015
UPID
US46-1948994
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
AUTO REPAIR, GARAGE Current
Est. value
$650,000
RESTAURANT
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$950,000
OFFICE BUILDING
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$670,000
RETAIL STORES
Est. value
$590,000
MEDICAL BUILDING
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
AUTO REPAIR, GARAGE Current
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Heating
NONE
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Mankato Building & Dev LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1701 W MICHIGAN ST, DULUTH, MN 55806-2157
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2016
$524,461
Mankato Building & Dev LLC
Kt Real Estate Holdings LLC
Warranty Deed
—
Aug 26, 2009
$525,000
Convenience Store Investments
R & R Properties Of Mankato LLP
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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