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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Residential income homes
1475 Whispering Ct, Hastings, MN 55033-1592
Entity Owned
4-yr Hold
Property ID
US46-3235394
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1983
Construction
WOOD
Total area
5,330 SF
Lot
0.49 ac (21,344 SF)
Zoning code
R
APN
19-66601-01-060
UPID
US46-3235394
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
$875k
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
Hj Properties LLP · 4 yrs held
Hj Properties LLP
since 2021
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
R · Hastings, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+132.4%
Restaurant
$1.0M
+127.4%
Auto repair, garage
$910,000
+100.1%
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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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
$870,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,055,000
Change: +132% · Conversion: Difficult
RESTAURANT
$1,035,000
Change: +127% · Conversion: Difficult
AUTO REPAIR, GARAGE
$910,000
Change: +100% · Conversion: Difficult
WAREHOUSE, STORAGE
$810,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$760,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $900k (Oct 6 2021)
Last sale anchor
$900k
Oct 6 2021
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
$166 / 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
$7,636
Tax year 2024
Assessed value
$549,000
Assessed 2023
Previous assessed
$465,300
+18.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$75,000
Assessed improvement
$474,000
Land market value
$75,000
Improvement market value
$474,000
Total market value
$549,000
Applied tax rate
19.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Units
4
Bathrooms
4
Total area
5,330 SF
Lot
0.49 ac (21,344 SF)
Zoning code
R
APN
19-66601-01-060
UPID
US46-3235394
Jurisdiction
DAKOTA
Zoning & alternative use
R · Hastings, MN
Zoning R · permitted uses
R · Hastings, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$910,000
WAREHOUSE, STORAGE
Est. value
$810,000
RETAIL STORES
Est. value
$760,000
OFFICE BUILDING
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
1983
Construction
WOOD
Heating
NONE
Units
4
Bathrooms
4
Lot
0.49 ac
Current owner
From public records · entity-resolved
Hj Properties LLP
Entity
Mailing address
1110 HWY 55TH STE #103, HASTINGS, MN 55033-2371
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
$900,000
Hj Properties LLP
Fmgb Properties LLC
Deed
$720,000 · Lake Elmo Bank
Jan 14, 2009
$500
Fmgb Properties LLC
Taylor,robert J & Grizelda R
Quit Claim Deed
related
—
Dec 24, 2007
$306,000
Robert J Taylor
Nomura Asset Acceptance Corp M
Grant Deed
$275,400 · Lake Elmo Bank
Jul 5, 2007
—
Asset Acceptan 2005-ap2 Nomura
Mortgage Electronic Registrati
Quit Claim Deed
related
—
Dec 18, 2006
$375,906
Mortgage Electronic Registrati
Sheriff Of Dakota County
Trustees Deed
—
Dec 9, 2004
$449,900
Robert Feland
Thelen,vernon E
Warranty Deed
$359,900 · Entrust Mortgage INC
—
—
Fmgb Properties LLC
—
Loan Modification
related
—
—
—
Fmgb Properties LLC
—
Deed Of Trust
related
—
—
—
Fmgb Properties LLC
—
Loan Modification
related
—
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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