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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
205 Myrtle S Dr, Annandale, MN 55302-9420
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0323782
Property summary
AI-generated overview
This exceptional commercial property at 205 Myrtle Drive S, Annandale, MN, offers 2,460 square feet of versatile space on a 0.27-acre lot. Ideally situated for maximum exposure, the property benefits from high daily traffic volume on Highway 55, with over 8,000 vehicles passing by daily, according to the Minnesota Department of Transportation (MNDOT). Previously used as a floral shop and more recently as an office and showroom for a granite installer, this property presents endless possibilities for a variety of businesses. The interior offers ample space suitable for offices, showrooms, and storage. Exterior space provides additional opportunities for parking, showcasing products, and advertising. The building includes a functional 8x14 walk-in cooler, and a walk-in freezer (condition unknown). The sale includes the land and building only
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1960
Construction
WOOD
Total area
1,788 SF
Lot
0.27 ac (11,631 SF)
APN
102-500-304103
UPID
US46-0323782
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
-
Annandale Monument & Countertops General Contractor
-
Boulder House Granite Building Supply 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
Ase Properties LLC · 1 yrs held
Ase Properties LLC
since 2025
3 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 Annandale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Annandale 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
$2,414
Tax year 2023
Assessed value
$191,500
Assessed 2023
Previous assessed
$191,500
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$72,600
Assessed improvement
$118,900
Land market value
$72,600
Improvement market value
$118,900
Total market value
$191,500
Applied tax rate
201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
BASEBOARD
Cooling
CENTRAL
Buildings
2
Total area
1,788 SF
Lot
0.27 ac (11,631 SF)
APN
102-500-304103
UPID
US46-0323782
Jurisdiction
WRIGHT
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
1960
Construction
WOOD
Heating
BASEBOARD
Cooling
Yes
Buildings
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ase Properties LLC
Entity
Mailing address
5508 LATHROP AVE NW, ANNANDALE, MN 55302-3124
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2025
$140,000
Ase Properties LLC
John S Kurkosky
Warranty Deed
$123,000 · Lake Central Bank
Oct 29, 2010
$150,000
Christen J Grossinger
Kurkosky,john S & Jodelle E
Grant Deed
—
Nov 17, 2005
$130,000
John S Kurkosky
Hoffman,darwin M & Leslie A
Warranty Deed
$170,000 · State Bank
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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