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Property profile & analytics
OFF-MARKET
Estimated value
$5,525,000
Commercial real estate
1788 3rd SW Ave, Oronoco, MN 55960-1117
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1804774
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2015
Total area
32,432 SF
Lot
16.45 ac (716,518 SF)
APN
84.20.23.079450
UPID
US46-1804774
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
$5.53M
CAP Approach
CAP
$5.05M
Comparable Approach
Comparable
$6.04M
Blend (final)
Blend
$5.53M
Owner & transaction history
Ldac 16 Di LLC · 1 yrs held
Ldac 16 Di LLC
since 2024
Last sale
$5.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+17.8%
Office building
$4.9M
+0.6%
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 Oronoco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oronoco 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
$5,525,000
ML approach
$5,525,000
CAP Approach
CAP Return
Estimation
6%
$5,475,000
6.5%
$5,050,000
7%
$4,690,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,820,000
Current use
RESTAURANT
$5,675,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$4,850,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,000,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$3,975,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$5.53M
Range $4.97M – $6.08M · ±10% · vs last sale $5.53M (Sep 19 2024)
Last sale anchor
$5.53M
Sep 19 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
$170 / 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
$144,340
Tax year 2023
Assessed value
$5,097,900
Assessed 2023
Previous assessed
$5,097,900
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$1,433,000
Assessed improvement
$3,664,900
Land market value
$1,433,000
Improvement market value
$3,664,900
Total market value
$5,097,900
Applied tax rate
2,502.0000
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
2015
Heating
CENTRAL
Cooling
REFRIGERATOR
Total area
32,432 SF
Lot
16.45 ac (716,518 SF)
APN
84.20.23.079450
UPID
US46-1804774
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
COMMERCIAL (GENERAL) Current
Est. value
$4.8M
RESTAURANT
Est. value
$5.7M
OFFICE BUILDING
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.0M
RETAIL STORES
Est. value
$4.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2015
Heating
CENTRAL
Cooling
Yes
Lot
16.45 ac
Current owner
From public records · entity-resolved
Ldac 16 Di LLC
Entity
Free & Clear · 1 yrs held
Mailing address
400 CONTINENTAL BLVD STE #500, EL SEGUNDO, CA 90245-5078
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
—
Ldac 16 Di LLC
Landmark Digital Infrastructure Ope
Quit Claim Deed
related
—
Jul 1, 2020
$5,525,000
Ld Acquisition Company 19 LLC
C H Robinson Company INC
Warranty Deed
—
Dec 15, 2015
—
C H Robinson Company INC
J & D Oronoco Enterprises LLC
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.
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