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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Office buildings
1600 Arboretum Blvd, Victoria, MN 55386-4303
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0548126
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
6,132 SF
Lot
1.37 ac (59,677 SF)
APN
65-4900020
UPID
US46-0548126
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
-
Victoria Mental Health Services, Ltd. Foster Care Service Social Service Agency
-
US Enzymes Inc (Bike/Boat/Book/etc) Store Pharmacy
-
Monterey Mushrooms Inc Grocery & Convenience Store Food Market
-
Premier Land Surveying, LLC Land Surveyor
-
Master Supplements (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.18M
Owner & transaction history
Jhl Properties LLC · 19 yrs held
Jhl Properties LLC
since 2006
7 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 Victoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Victoria 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%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$192 / 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
$31,160
Tax year 2024
Assessed value
$1,149,300
Assessed 2024
Previous assessed
$1,159,600
-0.9% YoY
Effective rate
2.71%
On assessed value
Assessed land
$537,100
Assessed improvement
$612,200
Land market value
$537,100
Improvement market value
$612,200
Total market value
$1,149,300
Applied tax rate
112.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
2
Total area
6,132 SF
Lot
1.37 ac (59,677 SF)
APN
65-4900020
UPID
US46-0548126
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
Building & site characteristics
From public records
Year built
1982
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.37 ac
Current owner
From public records · entity-resolved
Jhl Properties LLC
Entity
Mailing address
7885 NARCISSUS CT, VICTORIA, MN 55386-9648
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
—
Jhl Properties LLC
—
Deed
related
$200,000 · Hometown Bk
Aug 22, 2018
—
Jhl Properties LLC
—
Deed
related
$500,000 · Hometown Bk
Jul 27, 2016
—
Jhl Properties LLC
—
Deed
related
$250,000 · Hometown Bk
Jul 21, 2006
$500
Jhl Properties LLC
Jlh Properties LLC
Quit Claim Deed
related
$550,932 · Klein Bank
Mar 22, 2004
$500
Jlh Properties LLC
Hartman Marvin R Trust
Grant Deed
$250,000 · Victoria State Bank
—
—
Jhl Properties LLC
—
Deed Of Trust
related
$200,000 · Hometown Bk
—
—
Jhl Properties LLC
—
Deed Of Trust
related
$250,000 · Hometown Bk
—
—
Jhl Properties LLC
—
Loan Modification
related
$500,000 · Hometown 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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