Property profile

2124 3rd Ave Mankato, MN 56001

OFF-MARKET
Auto shops
Property ID
US46-1966589
30,119 SF 2.29 ac lot Built 1983
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1983
Total area 30,119 SF
Lot 2.29 ac (99,752 SF)
APN R01.09.06.255.005
UPID US46-1966589

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2124 3rd Ave Mankato, MN 56001
Mankato metro Census 170300 MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.19M

Owner & transaction history

since 2023
Last sale
$2.4M
1 recorded transaction
2023
$2.4M

Zoning & alternative use

Top alternative use upside
Restaurant $2.8M +49.5%
Warehouse, storage $2.8M +46.2%
Office building $2.7M +41.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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