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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Bars & Pubs
17574 County Hwy 6th 6 Lake Park, MN 56554-9341
Individually Owned
2-yr Hold
Free & Clear
Property ID
US46-2667373
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1978
Construction
WOOD
Total area
2,656 SF
Zoning code
AGRICULTURAL
APN
170071000
UPID
US46-2667373
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
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Thomas Scott Mclaughlin · 2 yrs held
Thomas Scott Mclaughlin
since 2024
Last sale
$725,000
4 recorded transactions
Zoning & alternative use
AGRICULTURAL · Lake Park, MN
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 Lake Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Park 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
$725,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $725k (Feb 6 2024)
Last sale anchor
$725k
Feb 6 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
$273 / 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
$6,182
Tax year 2023
Assessed value
$337,000
Assessed 2023
Previous assessed
$337,000
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$216,100
Assessed improvement
$120,900
Land market value
$216,100
Improvement market value
$120,900
Total market value
$337,000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1978
Construction
WOOD
Stories
1
Total area
2,656 SF
Zoning code
AGRICULTURAL
APN
170071000
UPID
US46-2667373
Jurisdiction
BECKER
Zoning & alternative use
AGRICULTURAL · Lake Park, MN
Zoning AGRICULTURAL · permitted uses
AGRICULTURAL · Lake Park, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Stories
1
Current owner
From public records · entity-resolved
Thomas Scott Mclaughlin
Individual
Free & Clear · 2 yrs held
Mailing address
325 25TH ST S, FARGO, ND 58103-2326
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2024
—
Cormorant Landing LLC
—
Deed
related
$499,000 · Bremer Bank NA
Feb 6, 2024
$725,000
Thomas Scott Mclaughlin
Lakeshore Development LLC
Warranty Deed
—
Aug 5, 2016
$380,000
Peterson Holdings LLC
Joey Kaiser
Warranty Deed
$250,000 · Blackridgebank
Aug 15, 2014
$380,000
Peterson Holdings LLC
Joey W Kaiser
Contract Sale
$350,000 · Joey Kaiser
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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