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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Turn key restaurants
16496 149th SE St Big Lake, MN 55309-6503
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-1039722
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Total area
8,184 SF
Lot
1.78 ac (77,537 SF)
APN
05-492-0105
UPID
US46-1039722
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
-
Bar 10 Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
16492 Big Lake Re LLC · 2 yrs held
16492 Big Lake Re LLC
since 2024
Last sale
$720,000
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
$720,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$790,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $720k (Mar 20 2024)
Last sale anchor
$720k
Mar 20 2024
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
$88 / 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
$10,282
Tax year 2023
Assessed value
$494,200
Assessed 2023
Previous assessed
$494,200
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$147,700
Assessed improvement
$346,500
Land market value
$147,700
Improvement market value
$346,500
Total market value
$494,200
Applied tax rate
5.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Total area
8,184 SF
Lot
1.78 ac (77,537 SF)
APN
05-492-0105
UPID
US46-1039722
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$830,000
OFFICE BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL)
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
2000
Heating
FORCED AIR
Lot
1.78 ac
Current owner
From public records · entity-resolved
16492 Big Lake Re LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 7455, SAINT CLOUD, MN 56302-7455
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
$720,000
16492 Big Lake Re LLC
Holtzs Three LLC
Warranty Deed
—
Oct 17, 2019
—
Holtzs Three LLC
—
Deed
related
$245,000 · Sherburne State Bank
Apr 21, 2015
$7,500
Mfc Cmark LLC
Mitchell Bevin & Diane
Quit Claim Deed
related
—
Oct 3, 2011
—
Mfc Cmark LLC
Mfc Real Estate LLC
Quit Claim Deed
related
—
Sep 22, 2011
$1,092,000
Mfc Real Estate LLC
Deputy Sheriff Of Sherburne Cnty
Trustees Deed
—
Sep 13, 2011
$1,092,000
Mfc Reale State LLC
Cmark Builders INC
Sheriffs Deed
related
—
Sep 12, 2011
$1,092,000
Mfc Real Estate LLC
Deputy Sheriff Of Sherburne Cnty
Trustees Deed
—
Jun 11, 2007
$720,400
10-24 Investments LLC
Am Stewart Properties INC
Grant Deed
—
Nov 23, 2005
$869,500
Anvory Cook & Associates LLC
A M Stewart Properties INC
Grant Deed
—
—
—
Holtzs Three LLC
—
Deed Of Trust
related
$50,000 · Private Individual
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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