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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Industrial properties
18940 York NW St Elk River, MN 55330-2917
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0212231
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Total area
9,324 SF
Lot
1.11 ac (48,352 SF)
APN
75-433-0160
UPID
US46-0212231
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$820k
Owner & transaction history
Rce Industries LLC · 6 yrs held
Rce Industries LLC
since 2020
Last sale
$625,000
7 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 Elk River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elk River 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
$820,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$805,000
Current use
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $625k (Aug 10 2020)
Last sale anchor
$625k
Aug 10 2020
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
$88 / 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
$12,746
Tax year 2023
Assessed value
$493,600
Assessed 2023
Previous assessed
$470,500
+4.9% YoY
Effective rate
2.58%
On assessed value
Assessed land
$104,000
Assessed improvement
$389,600
Land market value
$104,000
Improvement market value
$389,600
Total market value
$493,600
Applied tax rate
75.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1996
Heating
RADIANT
Total area
9,324 SF
Lot
1.11 ac (48,352 SF)
APN
75-433-0160
UPID
US46-0212231
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
INDUSTRIAL (GENERAL) Current
Est. value
$805,000
INDUSTRIAL (GENERAL) Current
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
1996
Heating
RADIANT
Lot
1.11 ac
Current owner
From public records · entity-resolved
Rce Industries LLC
Entity
Mailing address
18940 YORK ST NW, ELK RIVER, MN 55330-2917
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
—
Rcb Industries LLC
—
Deed
related
$398,000 · Premier Bank
Aug 10, 2020
$625,000
Rce Industries LLC
Ce Power Engineered Services LLC
Limited Warranty Deed
$468,000 · Premier Bank
Sep 5, 2018
—
Utilities & Energy Svcs INC
—
Loan Modification
related
$69,500,000 · Johnson Bk
Jan 23, 2018
—
Utilities & Energy Svcs INC
—
Loan Modification
related
$39,221,667 · Johnson Bk
Nov 6, 2017
—
Utilities & Energy Svcs INC
—
Loan Modification
related
$39,221,667 · Johnson Bk
May 3, 2017
—
Utilities & Energy Svcs INC
—
Grant Deed
related
$35,521,667 · Johnson Bk
Apr 20, 2011
$455,000
Utilities & Energy Svcs INC
Bank Of Elk River
Grant Deed
$355,000 · First Bank
Aug 12, 2010
$454,879
Bank Of Elk River
Deputy Sheriff Of Sherburne Cnty
Trustees Deed
related
—
Mar 2, 2005
$580,000
Speco Investments LLC
R & J Ents Of Minnesota
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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