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Property profile & analytics
OFF-MARKET
Estimated value
$315,000
Residential income homes
1901 1st N Ave Moorhead, MN 56560-2307
Entity Owned
17-yr Hold
Free & Clear
Property ID
US46-0935233
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Lot
1.09 ac (47,480 SF)
APN
58.900.0830
UPID
US46-0935233
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
-
Micah's Mission Charitable Organization Social Service Agency
-
CHURCHES UNITED FOR THE HOMELESS Health Care Facility Community Health Centre
-
Diane Johnson Hotel & Motel
-
Churches United for the Homeless - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$315k
Owner & transaction history
Housing & Redev Authority Of Clay · 17 yrs held
Housing & Redev Authority Of Clay
since 2009
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 Moorhead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moorhead 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
$315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$315k
Range $284k – $347k · ±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
—
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
$3,818
Tax year 2023
Assessed value
$2,128,400
Assessed 2023
Previous assessed
$2,128,400
+0.0% YoY
Effective rate
0.18%
On assessed value
Assessed land
$170,700
Assessed improvement
$1,957,700
Land market value
$170,700
Improvement market value
$1,957,700
Total market value
$2,128,400
Applied tax rate
58.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Heating
NONE
Lot
1.09 ac (47,480 SF)
APN
58.900.0830
UPID
US46-0935233
Jurisdiction
CLAY
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
Heating
NONE
Lot
1.09 ac
Current owner
From public records · entity-resolved
Housing & Redev Authority Of Clay
Entity
Free & Clear · 17 yrs held
Mailing address
1901 1ST AVE N, MOORHEAD, MN 56560-2307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2016
—
Churches United For Homeless
—
Deed
related
$189,300 · Bell Bank
Jul 2, 2009
$165,000
Housing & Redev Authority Of Clay
Churches United Of The Homeless
Warranty Deed
—
May 19, 2009
—
Churches United Of The Homeless
—
Trustees Deed
related
$294,929 · State Bank & Trust
May 29, 2008
—
Churches United Of The Homeless
—
Trustees Deed
related
$314,197 · State Bank & Trust
Nov 20, 2006
—
Churches United Of Homeless
—
Trustees Deed
related
$450,000 · State Bank & Trust
—
—
Churches United Of Homeless
—
Loan Modification
related
$250,000 · Bell St Bk&tr
—
—
Churches United Of The Homeless
—
Deed Of Trust
related
$250,000 · State Bank & Trust
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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