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Property profile & analytics
OFF-MARKET
Estimated value
$6,240,000
Grocery and convenience stores
15700 88th NE St, Otsego, MN 55330-4411
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-1598808
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,412 SF
Lot
5.91 ac (257,527 SF)
APN
118-341-001010
UPID
US46-1598808
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
-
Little Dukes Gas Station
-
Ace Hardware Building Supply Hardware & Home Improvement
-
Erbert & Gerbert's Take-out & Catering
-
Picadeli Take-out & Catering
-
Coborn s Pharmacy #2047 Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.04M
Comparable Approach
Comparable
$5.81M
Blend (final)
Blend
$6.24M
Owner & transaction history
Cobom Realiy Co LP · 6 yrs held
Cobom Realiy Co LP
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.9M
+78.6%
Office building
$5.6M
+13.3%
Restaurant
$5.5M
+11.8%
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 Otsego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otsego 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%
$8,705,000
6.5%
$8,035,000
7%
$7,460,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,955,000
Current use
COMMERCIAL (GENERAL)
$8,855,000
Change: +79% · Conversion: Easy
OFFICE BUILDING
$5,615,000
Change: +13% · Conversion: Easy
RESTAURANT
$5,545,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,965,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$6.24M
Range $5.62M – $6.86M · ±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
$147 / 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
$164,934
Tax year 2023
Assessed value
$6,537,200
Assessed 2023
Previous assessed
$6,537,200
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$1,901,200
Assessed improvement
$4,636,000
Land market value
$1,901,200
Improvement market value
$4,636,000
Total market value
$6,537,200
Applied tax rate
3,001.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
42,412 SF
Lot
5.91 ac (257,527 SF)
APN
118-341-001010
UPID
US46-1598808
Jurisdiction
WRIGHT
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
$5.0M
COMMERCIAL (GENERAL)
Est. value
$8.9M
OFFICE BUILDING
Est. value
$5.6M
RESTAURANT
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
5.91 ac
Current owner
From public records · entity-resolved
Cobom Realiy Co LP
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 6146, SAINT CLOUD, MN 56302-6146
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2019
$1,429,785
Cobom Realiy Co LP
Anderson Karen S Trust
Grant Deed
—
Aug 26, 2014
$280,000
Anderson,karen S Trust
Isanti Mall LLC
Grant Deed
—
Apr 18, 2014
$275,100
Isanti Mall LLC
Central Bk
Grant Deed
related
—
Jul 29, 2009
$1,480,963
Riverview Community Bank
Deputy Sheriff Of Wright County
Trustees Deed
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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