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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Strip malls
201 Sioux Rd, Mankato, MN 56001-7114
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-1961179
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
17,015 SF
Lot
1.64 ac (71,395 SF)
APN
R01.09.09.478.009
UPID
US46-1961179
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
-
Barefoot tile L. L. C. General Contractor Renovation Specialist
-
Think! Toner & Ink (Bike/Boat/Book/etc) Store
-
Safe Ship Shipping Company Freight Service
-
HOTWORX - Mankato, MN Gym & Fitness Center
-
Sun Tan City Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
$3.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Tailwind 201 Sioux Rd LLC · 3 yrs held
Tailwind 201 Sioux Rd LLC
since 2022
Last sale
$3.4M
4 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
Method
Estimation
Statistic approach
$3,195,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
$3,730,000
6.5%
$3,440,000
7%
$3,195,000
Blend value · Realmo final
$3.29M
Range $2.96M – $3.61M · ±10% · vs last sale $3.40M (Aug 5 2022)
Last sale anchor
$3.40M
Aug 5 2022
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
$193 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$48,786
Tax year 2024
Assessed value
$1,859,900
Assessed 2024
Previous assessed
$1,854,000
+0.3% YoY
Effective rate
2.62%
On assessed value
Assessed land
$285,600
Assessed improvement
$1,574,300
Land market value
$285,600
Improvement market value
$1,574,300
Total market value
$1,859,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
17,015 SF
Lot
1.64 ac (71,395 SF)
APN
R01.09.09.478.009
UPID
US46-1961179
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
2006
Heating
NONE
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Tailwind 201 Sioux Rd LLC
Entity
Free & Clear · 3 yrs held
Mailing address
530 S FRNT ST STE #100, MANKATO, MN 56001-3850
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
—
Tailwind 201 Sioux Rd LLC
—
Deed
related
$400,000 · First National Bank Minnesota
Oct 27, 2022
—
Tailwind 201 Sioux Rd LLC
—
Deed
related
$2,893,000 · First National Bank Mn
Aug 5, 2022
$3,400,000
Tailwind 201 Sioux Rd LLC
Apache One LLC
Limited Warranty Deed
—
Mar 6, 2017
—
Apache One LLC
—
Deed
related
$2,106,500 · Bremer Bank NA
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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