Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Community centers
1659 Hwy 10th W Detroit Lakes, MN 56501-2241
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-2642701
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2003
Construction
STEEL FRAME
Total area
25,850 SF
Lot
1.75 ac (76,240 SF)
APN
492538212
UPID
US46-2642701
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
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Van Holdings LLC · 2 yrs held
Van Holdings LLC
since 2023
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
Method
Estimation
Statistic approach
by Request
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$25 / 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
$53,912
Tax year 2023
Assessed value
$2,028,200
Assessed 2023
Previous assessed
$2,028,200
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$429,000
Assessed improvement
$1,599,200
Land market value
$429,000
Improvement market value
$1,599,200
Total market value
$2,028,200
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Stories
1
Total area
25,850 SF
Lot
1.75 ac (76,240 SF)
APN
492538212
UPID
US46-2642701
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
2003
Construction
STEEL FRAME
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Van Holdings LLC
Entity
Mailing address
14424 IODINE ST NW, RAMSEY, MN 55303-4726
Ownership since
2023
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
Nov 21, 2023
—
Van Holdings LLC
—
Deed
related
$100,000 · Flagship Bank Minnesota
Oct 19, 2023
—
Van Holdings LLC
—
Deed
related
$869,452 · Flagship Bank Minnesota
Oct 9, 2023
—
Van Holdings LLC
Pool 6 Properties LLC
Special Warranty Deed
$869,452 · Flagship Bank Minnesota
Jul 12, 2023
—
Pool 6 Properties LLC
—
Deed
related
$16,750,000 · Peoples National Bank NA
Jul 26, 2021
$1,946,157
Pool 6 Properties LLC
Sfp Pool 6 LLC
Warranty Deed
—
Jul 15, 2014
—
Sfp Pool Six LLC
Trigild INC
Limited Warranty Deed
$34,000,000 · The Privatebank & Trust Co
Nov 4, 2013
—
Trigild INC
Coldwater Portfolio Partners LLC
Limited Warranty Deed
—
Mar 10, 2006
$3,435,000
Coldwater Portfolio Partners LLC
Detroit Lakes Minnesota Associates
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1659 Hwy 10th W?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
