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Property profile & analytics
OFF-MARKET
Turn key restaurants
19389 Frontage Rd, Detroit Lakes, MN 56501-7655
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-2553531
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1984
Construction
WOOD
Total area
9,280 SF
Lot
4.57 ac (199,069 SF)
Zoning code
COMMERCIAL
APN
80289000
UPID
US46-2553531
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
-
The 59'er Restaurant
-
The 59er Diner & Motel Restaurant
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
Heinz Operations INC · 3 yrs held
Heinz Operations INC
since 2022
Last sale
$430,000
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Detroit Lakes, MN
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 Detroit Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit Lakes 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,404
Tax year 2023
Assessed value
$399,700
Assessed 2023
Previous assessed
$362,800
+10.2% YoY
Effective rate
1.85%
On assessed value
Assessed land
$75,200
Assessed improvement
$324,500
Land market value
$75,200
Improvement market value
$324,500
Total market value
$399,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1984
Construction
WOOD
Stories
1
Total area
9,280 SF
Lot
4.57 ac (199,069 SF)
Zoning code
COMMERCIAL
APN
80289000
UPID
US46-2553531
Jurisdiction
BECKER
Zoning & alternative use
COMMERCIAL · Detroit Lakes, MN
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Detroit Lakes, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit Lakes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Stories
1
Lot
4.57 ac
Current owner
From public records · entity-resolved
Heinz Operations INC
Entity
Mailing address
19389 FRONTAGE RD, DETROIT LAKES, MN 56501-7655
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
$430,000
Heinz Operations INC
Heinz Prop LLC
Warranty Deed
$316,800 · Community Development Bank Fsb
Mar 10, 2022
$3,000
Heinz Prop LLC
Heinz Operations INC
Quit Claim Deed
related
—
Jun 9, 2017
—
Heinz Operations INC
—
Deed
related
$40,000 · Community Development Bank
Feb 18, 2016
—
Heinz Operations INC
The Coalwell Agency INC
Warranty Deed
—
Dec 7, 2015
—
The Coalwell Agency INC
Seaberg Oil Company INC
Quit Claim Deed
related
—
Oct 26, 2015
—
Chris D Heinz
Karen M Burgard
Intrafamily Transfer
related
$201,000 · Vision Bank
Jun 21, 2011
—
Seaberg Oil Comany INC
The Coalwell Agency INC
Contract Sale
—
Jun 21, 2011
$358,000
Heinz Operations INC
The Coalwell Agency INC
Contract Sale
$86,000 · Coalwell Agency INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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