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Property profile & analytics
OFF-MARKET
Office buildings
1608 Dan St Detroit Lakes, MN 56501-6972
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-2197197
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
3,200 SF
Lot
0.69 ac (30,000 SF)
APN
492532506
UPID
US46-2197197
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
-
Anytime Towing & Repair LLC Auto Repair Shop
-
Apex Electrical Contractors Electrical Service General Contractor
-
Anytime Towing & Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dan Street Properties LLC · 7 yrs held
Dan Street Properties LLC
since 2018
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 Detroit Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit Lakes 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,296
Tax year 2023
Assessed value
$164,000
Assessed 2023
Previous assessed
$132,800
+23.5% YoY
Effective rate
2.62%
On assessed value
Assessed land
$55,000
Assessed improvement
$109,000
Land market value
$55,000
Improvement market value
$109,000
Total market value
$164,000
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
1998
Construction
TYPE NOT SPECIFIED
Stories
1
Total area
3,200 SF
Lot
0.69 ac (30,000 SF)
APN
492532506
UPID
US46-2197197
Jurisdiction
BECKER
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
1998
Construction
TYPE NOT SPECIFIED
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Dan Street Properties LLC
Entity
Mailing address
1608 DAN ST, DETROIT LAKES, MN 56501-6972
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Oct 18, 2018
$160,000
Dan Street Properties LLC
Eg&co Properties LLC
Warranty Deed
$128,000 · Midwest Bank
Oct 2, 2017
—
E G & Co Properties LLC
—
Deed
related
$110,550 · Ramsey National Bank
Aug 4, 2016
$150,000
Eg & Co Properties LLC
Marty J Ekren
Warranty Deed
$23,193 · Ramsey National Bank
May 11, 2016
—
Marty J Ekren
Apex Development Dl LP
Quit Claim Deed
related
—
Nov 10, 2009
—
Apex Development Dl LLP
Steven L Stoa
Correction Deed
related
—
Apr 29, 2009
$128,500
Apex Development LLP
Steven L Stoa
Warranty Deed
—
Jul 16, 2007
—
Steven L Stoa
Jbs Toad Lake Graphics LLC
Quit Claim Deed
related
—
Sep 30, 2005
$148,466
Jbs Toad Lake Graphics LLC
Delora Stoa
Contract Sale
$145,466 · Delora Stoa Etal
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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