Technical
Financial
Distress signals
Property profile

1940 Commerce Dr North Mankato, MN 56003

OFF-MARKET
Office buildings
Property ID
US46-2467660
98,388 SF 9.19 ac lot Built 1988
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Total area 98,388 SF
Lot 9.19 ac (400,534 SF)
APN 18.622.0030
UPID US46-2467660

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

1940 Commerce Dr North Mankato, MN 56003-1700
North Mankato metro Census 480501 MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.20M
Blend (final) Blend
$1.65M

Owner & transaction history

since 2024
1 recorded transaction
2024
$10.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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