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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office buildings
185 High Pt NE Pl, Byron, MN 55920-4404
Individually Owned
~
Est. High Equity
Property ID
US46-1300831
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully leased, single-story multi-tenant building situated at 185 High Point Pl NE in Byron, Minnesota, 55920. The property encompasses 5,720 square feet across three units, ideally suited for a variety of office and retail uses. Currently occupied by a counseling business, a hair salon, and a flooring business, the building boasts a strong tenant roster. Each unit features its own private bathroom and convenient access to a rear employee parking lot. Ample client and customer parking is available in the spacious front lot. Built in 2005 on a 36,702 square foot lot (APN: 75.33.23.069461), this property benefits from a recently replaced roof (installed three years ago). The building's operational efficiency is enhanced by the tenants' responsibility for most utilities
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
5,529 SF
Lot
0.85 ac (36,939 SF)
APN
75.33.23.069461
UPID
US46-1300831
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
Current use
Occupant on record · Public records
-
King's Flooring General Contractor Renovation Specialist
-
Hair Games Etc Hair Salon Nail Salon
-
Healing Moments Counseling Marriage Or Relationship Counselor Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$595k
Owner & transaction history
Byron Youth Football Association
Byron Youth Football Association
since 2026
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$970,000
+17.1%
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 Byron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Byron 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
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$825,000
Current use
RESTAURANT
$970,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$820,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$680,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$680,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
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
$108 / 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
$23,112
Tax year 2023
Assessed value
$549,100
Assessed 2021
Previous assessed
$549,100
+0.0% YoY
Effective rate
4.21%
On assessed value
Assessed land
$110,800
Assessed improvement
$438,300
Land market value
$110,800
Improvement market value
$438,300
Total market value
$549,100
Applied tax rate
2,001.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
8
Total area
5,529 SF
Lot
0.85 ac (36,939 SF)
APN
75.33.23.069461
UPID
US46-1300831
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
OFFICE BUILDING Current
Est. value
$825,000
RESTAURANT
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$680,000
RETAIL STORES
Est. value
$680,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2004
Heating
FORCED AIR
Cooling
Yes
Bathrooms
8
Lot
0.85 ac
Current owner
From public records · entity-resolved
Byron Youth Football Association
Individual
Mailing address
233 S PATTERSON AVE, SPRINGFIELD, MO 65802-2210
Ownership since
2026
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
Jan 12, 2026
$300,000
Byron Youth Football Association
Sandra K Brooks
Warranty Deed
$660,000 · First Security Bank
May 10, 2023
—
Oreilly Auto Enterprises LLC
6s Orly Byrom Mn LLC
Lease
—
Jul 7, 2020
—
Sandra K Brooks
Larry E Brooks
Affidavit Of Death Of Joint Tenant
related
—
Nov 26, 2014
—
Larry E Brooks
Larry E Brooks
Intrafamily Transfer
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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