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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Manufacturing properties
1711 2nd NW Ave, Stewartville, MN 55976-1618
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-1316378
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Total area
7,071 SF
Lot
0.99 ac (43,168 SF)
APN
54.27.31.055043
UPID
US46-1316378
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
$625k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$570k
Owner & transaction history
Halcon Corporation · 4 yrs held
Halcon Corporation
since 2022
Last sale
$560,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$870,000
+35.2%
Retail stores
$865,000
+34.4%
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 Stewartville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stewartville 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
$525,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$645,000
Current use
AUTO REPAIR, GARAGE
$870,000
Change: +35% · Conversion: Easy
RETAIL STORES
$865,000
Change: +34% · Conversion: Moderate
WAREHOUSE, STORAGE
$635,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $560k (Jun 3 2022)
Last sale anchor
$560k
Jun 3 2022
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
$81 / 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
$14,122
Tax year 2023
Assessed value
$309,000
Assessed 2021
Previous assessed
$309,000
+0.0% YoY
Effective rate
4.57%
On assessed value
Assessed land
$86,300
Assessed improvement
$222,700
Land market value
$86,300
Improvement market value
$222,700
Total market value
$309,000
Applied tax rate
2,401.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
4
Total area
7,071 SF
Lot
0.99 ac (43,168 SF)
APN
54.27.31.055043
UPID
US46-1316378
Jurisdiction
OLMSTED
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
INDUSTRIAL (GENERAL) Current
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$870,000
RETAIL STORES
Est. value
$865,000
WAREHOUSE, STORAGE
Est. value
$635,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1992
Heating
FORCED AIR
Cooling
Yes
Bathrooms
4
Lot
0.99 ac
Current owner
From public records · entity-resolved
Halcon Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
345 ROCHESTER MEDICAL DR NW, STEWARTVILLE, MN 55976-4404
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
$260,000
Halcon Corporation
Hc LLC
Re-recorded Document
related
—
Jun 3, 2022
—
Halcon Corporation
Hc LLC
Quit Claim Deed
related
—
Jul 23, 2020
$560,000
Hc LLC
Ts LLC
Warranty Deed
—
Jun 23, 2020
—
Ts LLC
Thomas J Slightam
Quit Claim Deed
related
—
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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