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Property profile & analytics
FOR LEASE
Retail space
1309 Oak Ave, Waconia, MN 55387
Entity Owned
13-yr Hold
Free & Clear
Property ID
US46-0491178
For Lease
$12 SF/Yr
1309 Oak Ave, Waconia, MN 55387
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
8,838 SF
Lot
2.63 ac (114,563 SF)
APN
75-1500020
UPID
US46-0491178
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
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.10M
Owner & transaction history
Waconia Retail Holdings LLC · 13 yrs held
Waconia Retail Holdings LLC
since 2012
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+39.3%
Commercial (general)
$1.1M
+17.0%
Restaurant
$1.0M
+11.2%
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 Waconia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waconia 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
RETAIL STORES
$900,000
Current use
OFFICE BUILDING
$1,255,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,055,000
Change: +17% · Conversion: Easy
RESTAURANT
$1,000,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$835,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$795,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$124 / 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
$47,752
Tax year 2024
Assessed value
$1,725,200
Assessed 2024
Previous assessed
$1,664,600
+3.6% YoY
Effective rate
2.77%
On assessed value
Assessed land
$567,100
Assessed improvement
$1,158,100
Land market value
$567,100
Improvement market value
$1,158,100
Total market value
$1,725,200
Applied tax rate
110.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2005
Heating
NONE
Buildings
2
Stories
2
Total area
8,838 SF
Lot
2.63 ac (114,563 SF)
APN
75-1500020
UPID
US46-0491178
Jurisdiction
CARVER
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
RETAIL STORES Current
Est. value
$900,000
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$795,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2005
Heating
NONE
Stories
2
Buildings
2
Lot
2.63 ac
Current owner
From public records · entity-resolved
Waconia Retail Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2705 HWY 14TH W, ROCHESTER, MN 55901-7587
Ownership since
2012
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
Dec 26, 2012
$600,000
Waconia Retail Holdings LLC
Riou Property 2 LLC
Grant Deed
related
—
Feb 29, 2012
—
Riou Property 2 LLC
Klein Bk
Quit Claim Deed
related
—
Dec 28, 2011
$1,070,378
Bk Klein
Sheriff Of Carver County
Trustees Deed
related
—
Mar 28, 2005
$500
Cavu Management LLC
Pavlina,patrick L & Jane E
Warranty Deed
related
$1,650,000 · First National Bank Waconia
May 19, 2004
$385,000
Patrick L Pavlina
Driving Wheel LLC
Grant Deed
$266,000 · First National Bank Waconia
May 19, 2004
$670,000
Driving Wheel LLC
N & A Hoffman Family
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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