New search
Property profile & analytics
OFF-MARKET
Warehouses
2121 2nd NW Ave, Faribault, MN 55021-2403
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1300062
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
4,216 SF
Lot
0.89 ac (38,587 SF)
APN
18.19.4.51.005
UPID
US46-1300062
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
-
Temple Electric Motor Service Inc Electrical Service Auto Repair Shop
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
David R Temple · 18 yrs held
David R Temple
since 2007
7 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 Faribault submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Faribault 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,726
Tax year 2024
Assessed value
$333,500
Assessed 2024
Previous assessed
$333,500
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$115,800
Assessed improvement
$217,700
Land market value
$115,800
Improvement market value
$217,700
Total market value
$333,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Heating
NONE
Buildings
2
Stories
1
Total area
4,216 SF
Lot
0.89 ac (38,587 SF)
APN
18.19.4.51.005
UPID
US46-1300062
Jurisdiction
RICE
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
1968
Heating
NONE
Stories
1
Buildings
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
David R Temple
Individual
Free & Clear · 18 yrs held
Mailing address
856 WILLOWBROOK ST NE, OWATONNA, MN 55060-7117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
—
David R Temple
—
Deed
related
$50,000 · Minnwest Bank
Sep 5, 2023
—
David R Temple
—
Deed
related
$36,000 · Minnwest Bank
Jun 14, 2019
—
David R Temple
—
Deed
related
$45,000 · Roundbank
Sep 5, 2007
$86,972
David R Temple
Temple,susan A
Quit Claim Deed
related
—
—
—
David R Temple
—
Deed Of Trust
related
$45,000 · Roundbank
—
—
David R Temple
—
Deed Of Trust
related
$25,000 · Roundbank
—
—
David R Temple
—
Deed Of Trust
related
$225,000 · Community Bank Owatonna
—
—
David R Temple
—
Deed Of Trust
related
$42,500 · Roundbank
—
—
David R Temple
—
Deed Of Trust
related
$216,797 · Roundbank
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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