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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Warehouses
2121 Glendale Rd, Hastings, MN 55033-9377
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US46-3104176
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1973
Construction
WOOD FRAME
Total area
4,800 SF
Lot
4.97 ac (216,493 SF)
Zoning code
R
APN
19-03500-14-012
UPID
US46-3104176
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
by Request
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$700k
Owner & transaction history
Rohr & Toby Investments LLC · 17 yrs held
Rohr & Toby Investments LLC
since 2008
6 recorded transactions
Zoning & alternative use
R · Hastings, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$950,000
+30.2%
Auto repair, garage
$820,000
+12.1%
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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$730,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$820,000
Change: +12% · Conversion: Easy
RETAIL STORES
$685,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
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
$146 / 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
$10,492
Tax year 2023
Assessed value
$409,700
Assessed 2022
Previous assessed
$409,700
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$221,400
Assessed improvement
$188,300
Land market value
$221,400
Improvement market value
$188,300
Total market value
$409,700
Applied tax rate
19.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Total area
4,800 SF
Lot
4.97 ac (216,493 SF)
Zoning code
R
APN
19-03500-14-012
UPID
US46-3104176
Jurisdiction
DAKOTA
Zoning & alternative use
R · Hastings, MN
Zoning R · permitted uses
R · Hastings, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$820,000
RETAIL STORES
Est. value
$685,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1973
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Lot
4.97 ac
Current owner
From public records · entity-resolved
Rohr & Toby Investments LLC
Entity
Mailing address
9111 JERGEN BAY S, COTTAGE GROVE, MN 55016-5022
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2020
—
Rohr & Toby Investments LLC
—
Deed
related
—
Aug 18, 2008
$300,000
Rohr & Toby Investments LLC
Rezac,thomas P & Rebecca
Warranty Deed
$299,000 · Alliance Bank
Apr 7, 2004
—
Thomas P Rezac
Fasbender,eileen K
Grant Deed
related
—
—
—
Rohr & Toby Investments LLC
—
Loan Modification
related
—
—
—
Rohr & Toby Investments LLC
—
Loan Modification
related
—
—
—
Rohr & Toby Investments LLC
—
Deed Of Trust
related
$296,000 · Merchants Bk
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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