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Property profile & analytics
OFF-MARKET
Retail space
18097 County Hwy 29 Detroit Lakes, MN 56501-7555
Entity Owned
14-yr Hold
Free & Clear
Property ID
US46-2409165
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
WOOD
Total area
2,520 SF
Lot
1.13 ac (49,223 SF)
Zoning code
COMMERCIAL
APN
100399000
UPID
US46-2409165
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ak Land LLC · 14 yrs held
Ak Land LLC
since 2011
6 recorded transactions
Zoning & alternative use
COMMERCIAL · Detroit Lakes, 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 Detroit Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit Lakes 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,654
Tax year 2023
Assessed value
$155,200
Assessed 2023
Previous assessed
$145,200
+6.9% YoY
Effective rate
1.07%
On assessed value
Assessed land
$49,200
Assessed improvement
$106,000
Land market value
$49,200
Improvement market value
$106,000
Total market value
$155,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
BASEBOARD
Cooling
CENTRAL
Stories
1
Total area
2,520 SF
Lot
1.13 ac (49,223 SF)
Zoning code
COMMERCIAL
APN
100399000
UPID
US46-2409165
Jurisdiction
BECKER
Zoning & alternative use
COMMERCIAL · Detroit Lakes, MN
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Detroit Lakes, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit Lakes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
BASEBOARD
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Ak Land LLC
Entity
Free & Clear · 14 yrs held
Mailing address
18097 COUNTY HWY 29, DETROIT LAKES, MN 56501-7555
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2017
—
Ak Land LLC
—
Deed
related
$82,800 · Bremer Bank NA
Aug 15, 2011
—
Ak Land LLC
Lakes Corner Liquors LLC
Quit Claim Deed
related
—
Apr 23, 2010
$48,648
Lakes Corner Liquors LLC
Erik J Aslesen
Warranty Deed
$80,000 · Bremer Bank NA
Sep 17, 2009
$56,000
Erik J Aslesen
Thomas E Muscatell
Warranty Deed
—
Apr 15, 2005
$40,000
Brian B Bigger
Curtis G Johnson
Warranty Deed
—
Apr 15, 2005
$72,000
Ward T Mustcatell
Brian B Bigger
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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