Realmo Analytics

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Property profile

2135 Lor Ray Dr North Mankato, MN 56003

OFF-MARKET
Commercial real estate
Property ID
US46-2922893
44,960 SF 6.37 ac lot Built 2000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$143k
Tax billed · 2023
Assessed value$9.08M
Assessed land$505k
Assessed improvement$8.58M
Effective rate1.58%

Value estimate

· Oct 2026
$5.72M
$5.15M – $6.29M
Submarket $/SF estimate$6.69M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$56 – $149

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNICOLLET

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service8.7
HVAC Service8.7
Bakery8.2

Location

2135 Lor Ray Dr North Mankato, MN 56003-1246
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2140 Howard W, North Mankato, MN 56003-4437 $150,000 May 2025 58,520 SF
2250 Carlson, North Mankato, MN 56003-2213 $10,000,000 Aug 2024 67,200 SF
1980 Lookout, North Mankato, MN 56003-1705 $2,000,000 Mar 2024 28,000 SF
1901 Lee, North Mankato, MN 56003-2506 $1,100,000 Apr 2022 35,200 SF
2155 Ringhofer, North Mankato, MN 56003 $4,412,500 Nov 2021 60,000 SF
Mankato, MN 56003 $285,000 Dec 2019 40,530 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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