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Property profile & analytics
OFF-MARKET
Retail space
1912 Riverfront Dr Mankato, MN 56001-1612
Individually Owned
Free & Clear
Property ID
US46-1114819
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Total area
768 SF
Lot
0.05 ac (2,300 SF)
APN
R01.08.13.304.018
UPID
US46-1114819
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
-
Neat Freak Cleaning Hardware & Home Improvement
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
Phillip T Smith
Phillip T Smith
since 2025
Last sale
$49,900
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 Mankato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mankato 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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,542
Tax year 2024
Assessed value
$89,700
Assessed 2024
Previous assessed
$89,700
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$13,200
Assessed improvement
$76,500
Land market value
$13,200
Improvement market value
$76,500
Total market value
$89,700
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
1969
Heating
NONE
Stories
1
Total area
768 SF
Lot
0.05 ac (2,300 SF)
APN
R01.08.13.304.018
UPID
US46-1114819
Jurisdiction
BLUE EARTH
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
Year built
1969
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Phillip T Smith
Individual
Free & Clear · 0 yrs held
Mailing address
602 W 2ND ST, MANKATO, MN 56001-1601
Ownership since
2025
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
Aug 15, 2025
—
Phillip T Smith
Beatriz Alvarez Rivera
Quitclaim Deed
related
—
Sep 25, 2020
$49,900
Michael Lyndon Smith
Clark W Diel
Warranty Deed
$43,875 · Profinium INC
Sep 25, 2020
$58,500
Phillip T Smith
Michael Lyndon Smith
Warranty Deed
related
$43,875 · Profinium INC
May 17, 2012
$45,000
Clark W Diel
Chris Andresen
Warranty Deed
$36,000 · Minnstar Bank National Association
Apr 19, 2012
$41,000
Chris Andersen
Chandra Kae Richards Bily
Warranty Deed
—
Oct 18, 2010
$77,000
Lisa Ann Kautz
Chandra Rae Richards Bily
Other
—
Aug 13, 2008
$32,000
Chandra Kae Bily
Gary L O'brien
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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