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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Industrial properties
16200 Hwy 10 Big Lake, MN 55309
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-1952375
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Total area
5,996 SF
Lot
6.82 ac (297,079 SF)
APN
10-557-0205
UPID
US46-1952375
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
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$630k
Owner & transaction history
Ronald G Reibling · 6 yrs held
Ronald G Reibling
since 2020
Last sale
$635,000
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 Big Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Big Lake 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
$830,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $635k (Feb 4 2020)
Last sale anchor
$635k
Feb 4 2020
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
$105 / 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
$10,232
Tax year 2023
Assessed value
$498,900
Assessed 2023
Previous assessed
$453,900
+9.9% YoY
Effective rate
2.05%
On assessed value
Assessed land
$277,300
Assessed improvement
$221,600
Land market value
$277,300
Improvement market value
$221,600
Total market value
$498,900
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1994
Heating
SPACE
Total area
5,996 SF
Lot
6.82 ac (297,079 SF)
APN
10-557-0205
UPID
US46-1952375
Jurisdiction
SHERBURNE
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
1994
Heating
SPACE
Lot
6.82 ac
Current owner
From public records · entity-resolved
Ronald G Reibling
Individual
Mailing address
15184 75TH CT NE, OTSEGO, MN 55330-0729
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
—
Ronald G Reibling
—
Deed
related
$212,720 · Royal Cu
Feb 4, 2020
$635,000
Ronald G Reibling
D & V Holdings LLC
Warranty Deed
$500,000 · Lake Area Bank
Oct 3, 2018
$540,000
D & V Holdings LLC
Hagestuen Palen
Warranty Deed
$441,732 · Farmers State Bank
Jan 23, 2017
—
Palen Hagestuen
—
Deed
related
$44,849 · Star Bk
Sep 21, 2015
$400,000
Hagestuen Palen
Titan Machinery INC
Warranty Deed
$252,000 · Glenwood State Bank
Jun 3, 2011
$510,000
Titan Machinery INC
William & Shirlee Schams Props
Warranty Deed
$322,500 · Blackridgebank
—
—
Palen Hagestuen
—
Deed Of Trust
related
$44,849 · Star 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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