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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Flex space
206 Capital Dr, Buffalo, MN 55313-2428
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-0926989
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,240 SF
Lot
2.2 ac (96,006 SF)
APN
103-132-002030
UPID
US46-0926989
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.11M
Owner & transaction history
Luth Enterprises LLC · 5 yrs held
Luth Enterprises LLC
since 2021
Last sale
$960,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+62.2%
Restaurant
$1.3M
+60.1%
Auto repair, garage
$1.2M
+43.5%
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 Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo 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
$1,135,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$835,000
Current use
OFFICE BUILDING
$1,355,000
Change: +62% · Conversion: Difficult
RESTAURANT
$1,340,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,200,000
Change: +43% · Conversion: Easy
RETAIL STORES
$1,195,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,070,000
Change: +28% · Conversion: Difficult
WAREHOUSE, STORAGE
$830,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $960k (Feb 4 2021)
Last sale anchor
$960k
Feb 4 2021
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
$108 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$26,790
Tax year 2023
Assessed value
$1,090,800
Assessed 2023
Previous assessed
$1,090,800
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$276,800
Assessed improvement
$814,000
Land market value
$276,800
Improvement market value
$814,000
Total market value
$1,090,800
Applied tax rate
301.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
10,240 SF
Lot
2.2 ac (96,006 SF)
APN
103-132-002030
UPID
US46-0926989
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$835,000
OFFICE BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$830,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
2.2 ac
Current owner
From public records · entity-resolved
Luth Enterprises LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10945 143RD AVE SE, BECKER, MN 55308-4516
Ownership since
2021
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
Feb 4, 2021
$960,000
Luth Enterprises LLC
Pcws Properties LLC
Warranty Deed
—
Feb 22, 2016
$700,000
Pcws Properties LLC
Strenge Holdings LLC
Warranty Deed
$392,500 · Twenty First Century Bk
Dec 11, 2009
—
Strenge Holdings LLC
—
Trustees Deed
related
$623,000 · First Minnesota Bank NA
Sep 29, 2004
$500
Strenge Holdings LLC
Strenge,rodney D & Myrna J
Quit Claim Deed
related
$690,000 · First Minnesota Bank NA
—
—
Strenge Holdings LLC
—
Deed Of Trust
related
$580,000 · Midcountry Bank
—
—
Pcws Properties LLC
—
Loan Modification
related
$312,006 · Twenty First Century Bk
—
—
Pcws Properties LLC
—
Loan Modification
related
$314,000 · 21st Century Bk
—
—
Strenge Holdings LLC
—
Deed Of Trust
related
$601,511 · First Minnesota 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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