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Property profile & analytics
OFF-MARKET
Estimated value
$3,370,000
Commercial real estate
14688 Everton N Ave Hugo, MN 55038-6071
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0836581
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
22,283 SF
Lot
2 ac (87,120 SF)
APN
19-031-21-24-0050
UPID
US46-0836581
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
$3.16M
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$3.37M
Owner & transaction history
Norman Woods LP · 5 yrs held
Norman Woods LP
since 2020
6 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 Hugo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hugo 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%
$3,425,000
6.5%
$3,160,000
7%
$2,935,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,000,000
Current use
WAREHOUSE, STORAGE
$3,960,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$3,885,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$3,375,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±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
$151 / 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
$212,172
Tax year 2023
Assessed value
$7,018,200
Assessed 2022
Previous assessed
$7,018,200
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$914,900
Assessed improvement
$6,103,300
Land market value
$914,900
Improvement market value
$6,103,300
Total market value
$7,018,200
Applied tax rate
3,402.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
1
Total area
22,283 SF
Lot
2 ac (87,120 SF)
APN
19-031-21-24-0050
UPID
US46-0836581
Jurisdiction
WASHINGTON
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
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
2008
Heating
NONE
Buildings
1
Lot
2 ac
Current owner
From public records · entity-resolved
Norman Woods LP
Entity
Free & Clear · 5 yrs held
Mailing address
309 N WATER ST STE #500, MILWAUKEE, WI 53202-5772
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 4, 2020
—
Norman Woods
—
Deed
related
$9,957,993 · Us Bk
Jul 29, 2020
—
Norman Woods LP
Mwf,properties LLC
Quit Claim Deed
related
—
Apr 14, 2016
$6,024,642
Doc-14688 Everton Avenue Mob L
14688 Everton LLC
Grant Deed
related
—
Nov 9, 2012
$3,450,000
14688 Everton LLC
Kraus-anderson INC
Grant Deed
—
Jun 23, 2008
$1,060,000
Kraus Anderson INC
Everton Investment LLP
Warranty Deed
—
—
—
Norman Woods
—
Deed Of Trust
related
$9,957,993 · Us Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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