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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Investment properties
16776 198th NW Ave Big Lake, MN 55309-4864
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0190163
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2008
Total area
17,916 SF
Lot
0.87 ac (37,897 SF)
APN
65-565-0110
UPID
US46-0190163
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
-
Americas Best Value Inn Big Lake Becker Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$760k
Owner & transaction history
Jasperpaws LLC · 2 yrs held
Jasperpaws LLC
since 2024
Last sale
$760,309
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
$760,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $760k (Feb 7 2024)
Last sale anchor
$760k
Feb 7 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
$42 / 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
$19,332
Tax year 2023
Assessed value
$886,700
Assessed 2023
Previous assessed
$886,700
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$208,400
Assessed improvement
$678,300
Land market value
$208,400
Improvement market value
$678,300
Total market value
$886,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2008
Heating
OIL
Cooling
CENTRAL
Total area
17,916 SF
Lot
0.87 ac (37,897 SF)
APN
65-565-0110
UPID
US46-0190163
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
2008
Heating
OIL
Cooling
Yes
Lot
0.87 ac
Current owner
From public records · entity-resolved
Jasperpaws LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5717 W 68TH ST, EDINA, MN 55439-1361
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
$760,309
Jasperpaws LLC
Vss Enterprises LLC
Warranty Deed
—
Jan 8, 2024
—
Vss Enterprises LLC
—
Deed
related
$150,000 · Premier Bank
Apr 11, 2022
$975,000
Vss Enterprises LLC
Excel Lodging LLC
Warranty Deed
$731,250 · Premier Bank
Oct 25, 2011
$775,000
Excel Lodging LLC
Cortrust Bk NA
Grant Deed
$636,000 · West Town Savings Bank
Mar 26, 2010
$1,235,894
Cortrust Bk NA
Sheriff Of Sherburne County
Trustees Deed
related
—
—
—
Marketplace Holdings Co LLC
—
Deed Of Trust
related
$693,000 · Twin Cities-metro Cert Dev Co
—
—
Rke Properties Mn LLC
—
Deed Of Trust
related
$470,000 · Us Small Business Admn
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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