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Property profile & analytics
OFF-MARKET
Estimated value
$9,540,000
Industrial properties
18640 200th NW St Big Lake, MN 55309-2118
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0764743
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
54,064 SF
Lot
57.14 ac (2,489,018 SF)
APN
10-335-1400
UPID
US46-0764743
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
$9.36M
CAP Approach
CAP
$9.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.54M
Owner & transaction history
Ziegler Monticello LLC · 2 yrs held
Ziegler Monticello LLC
since 2023
Last sale
$12.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.2M
+201.6%
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 Big Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Big Lake 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
$9,360,000
CAP Approach
CAP Return
Estimation
6%
$9,790,000
6.5%
$9,035,000
7%
$8,390,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,205,000
Change: +202% · Conversion: Difficult
Blend value · Realmo final
$9.54M
Range $8.59M – $10.49M · ±10% · vs last sale $12.50M (Sep 5 2023)
Last sale anchor
$12.50M
Sep 5 2023
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
$176 / 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
$119,598
Tax year 2023
Assessed value
$5,825,500
Assessed 2023
Previous assessed
$5,825,500
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$1,961,800
Assessed improvement
$3,863,700
Land market value
$1,961,800
Improvement market value
$3,863,700
Total market value
$5,825,500
Applied tax rate
10.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
SPACE
Total area
54,064 SF
Lot
57.14 ac (2,489,018 SF)
APN
10-335-1400
UPID
US46-0764743
Jurisdiction
SHERBURNE
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)
Est. value
$10.2M
COMMERCIAL (GENERAL)
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
2007
Heating
SPACE
Lot
57.14 ac
Current owner
From public records · entity-resolved
Ziegler Monticello LLC
Entity
Free & Clear · 2 yrs held
Mailing address
901 W 94TH ST, BLOOMINGTON, MN 55420-4236
Ownership since
2023
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 5, 2023
$12,500,000
Ziegler Monticello LLC
Nordic Investments Lllp
Limited Warranty Deed
—
Dec 10, 2014
—
Nordic Investments Lllp
Mlbl LLC
Quit Claim Deed
related
—
Mar 8, 2007
$1,615,000
Mlbl LLC
Howe Fern F Trust
Grant Deed
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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