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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Automotive properties
133 Zieske Rd, Courtland, MN 56021-4327
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-2273367
Property summary
AI-generated overview
This 15,400 square foot industrial property in Courtland, Minnesota, is ideally suited for an auto sales and service business. Currently vacant, this turnkey operation boasts a spacious showroom, ample outdoor display area, and a fully equipped service center including a wash bay, detail room, tire room, and mechanic shop. The building features business offices, waiting areas, security cameras, and in-floor heat in select areas. The HVAC system provides air conditioning throughout, excluding the shop area. Included equipment (available for separate purchase) comprises 240 three-phase oil traps, air compressors, car lifts, and pressure sprayers. The property sits on an 11.22-acre lot and is offered at $1,395,000 ($90.58/SF). The lease is NNN with a one-year term expiring June 1, 2025. Occupancy is available May 31, 2024. Additional features include a computer system and a fireplace. The property's location at 133 Zieske Rd, Courtland, MN 56021, offers excellent visibility and accessibility. The land value is $10 per square foot.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2000
Total area
15,400 SF
Lot
11.22 ac (488,743 SF)
APN
14.006.0900
UPID
US46-2273367
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
-
Olson Autos of Courtland Parts Department Auto Parts Store
-
Olson Auto of Courtland Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$520k
Owner & transaction history
Gem Apartments LLC · 1 yrs held
Gem Apartments LLC
since 2025
2 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 Courtland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Courtland 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
$350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$34 / 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
$19,390
Tax year 2023
Assessed value
$769,200
Assessed 2023
Previous assessed
$769,200
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$102,000
Assessed improvement
$667,200
Land market value
$102,000
Improvement market value
$667,200
Total market value
$769,200
Applied tax rate
88.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2000
Buildings
2
Stories
1
Total area
15,400 SF
Lot
11.22 ac (488,743 SF)
APN
14.006.0900
UPID
US46-2273367
Jurisdiction
NICOLLET
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
2000
Stories
1
Buildings
2
Lot
11.22 ac
Current owner
From public records · entity-resolved
Gem Apartments LLC
Entity
Mailing address
PO BOX 118, COURTLAND, MN 56021-0118
Ownership since
2025
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 21, 2025
$800,000
Gem Apartments LLC
Smk Holdings LLC
Warranty Deed
$500,000 · Alliance Bank
Oct 27, 2022
—
Smk Holdings LLC
—
Deed
related
$3,100,000 · Frandsen Bank & Trust
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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