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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Commercial real estate
16722 198th NW Ave Big Lake, MN 55309-4864
Entity Owned
Absentee Owner
Free & Clear
Property ID
US46-1266917
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Total area
4,146 SF
Lot
3.92 ac (170,755 SF)
APN
65-581-0105
UPID
US46-1266917
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
-
Market Place Banquet & Conference Center Conference Center Trade Show Venue
-
American Legion Post 147 Advocacy Group Social Service Agency
-
The Buff Restaurant
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.28M
Owner & transaction history
Dwt LLC
Dwt LLC
since 2025
Last sale
$2.1M
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
$2,450,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±10% · vs last sale $2.10M (Dec 29 2025)
Last sale anchor
$2.10M
Dec 29 2025
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
$549 / 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
$36,594
Tax year 2023
Assessed value
$1,537,800
Assessed 2024
Previous assessed
$1,537,800
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$521,000
Assessed improvement
$1,016,800
Land market value
$521,000
Improvement market value
$1,016,800
Total market value
$1,537,800
Applied tax rate
65.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Total area
4,146 SF
Lot
3.92 ac (170,755 SF)
APN
65-581-0105
UPID
US46-1266917
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
2006
Heating
FORCED AIR
Lot
3.92 ac
Current owner
From public records · entity-resolved
Dwt LLC
Entity
Free & Clear · 0 yrs held
Mailing address
21627 SANDBAR LN, BIG LAKE, MN 55309-4792
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 29, 2025
$2,100,000
Dwt LLC
Rke Properties Mn LLC
Deed
—
Jun 5, 2024
$2,450,000
J Foss Properties LLC
Mp Of Big Lake LLC
Warranty Deed
$100,000 · Economic Development Authority In A
Jun 23, 2011
—
Rke Properties Mn LLC
Us Small Busn Admn
Quit Claim Deed
related
—
Jun 23, 2011
$990,890
Us Small Busn Admn
Maple Bk
Grant Deed
—
Apr 7, 2011
$940,593
Small Busn Admn
Maple Bk
Grant Deed
—
Oct 15, 2010
$953,562
Maple Bk
Deputy Sheriff Of Sherburne Cnty
Trustees Deed
related
—
Dec 1, 2006
$600,000
Arthur Embretson American Legi
Dynamics Design & Land Co LLC
Warranty Deed
—
—
—
Marketplace Holdings Co LLC
—
Deed Of Trust
related
$980,000 · Maple 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.
Try Rey
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