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Property profile & analytics
OFF-MARKET
Estimated value
$6,070,000
High-rise multifamily apartments
1805 30th NW St Bemidji, MN 56601-5663
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-2241862
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1991
Total area
21,522 SF
Lot
5.42 ac (235,900 SF)
APN
80.00469.03
UPID
US46-2241862
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
$6.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.55M
Blend (final)
Blend
$6.07M
Owner & transaction history
Bemidji Northview LLC · 5 yrs held
Bemidji Northview LLC
since 2021
Last sale
$5.8M
5 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 Bemidji submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bemidji 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
$6,175,000
ML approach
$6,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.07M
Range $5.46M – $6.68M · ±10% · vs last sale $5.75M (Apr 30 2021)
Last sale anchor
$5.75M
Apr 30 2021
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
$282 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$85,630
Tax year 2024
Assessed value
$5,148,700
Assessed 2024
Previous assessed
$5,148,700
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$744,700
Assessed improvement
$4,404,000
Land market value
$744,700
Improvement market value
$4,404,000
Total market value
$5,148,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1991
Heating
BASEBOARD
Total area
21,522 SF
Lot
5.42 ac (235,900 SF)
APN
80.00469.03
UPID
US46-2241862
Jurisdiction
BELTRAMI
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
1991
Heating
BASEBOARD
Lot
5.42 ac
Current owner
From public records · entity-resolved
Bemidji Northview LLC
Entity
Mailing address
PO BOX 946, BEMIDJI, MN 56619-0946
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$5,750,000
Bemidji Northview LLC
Northview Manor LLC
Warranty Deed
$3,350,000 · Associated Bank NA
May 19, 2020
—
Northview Manor LLC
—
Deed
related
$3,913,693 · Associated Bank NA
Mar 12, 2020
—
Northview Manor LLC
—
Deed
related
$500,000 · Riverwood Bank
Aug 9, 2012
—
Northview Manor LLC
Tad D Sonneman
Warranty Deed
—
Jul 19, 2006
$3,626,000
Tad D Sonneman
Bemidji Economic Development Author
Corporation Deed
$2,900,800 · Impac Commercial Capital Corporatio
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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