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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
218 3rd St Monticello, MN 55362
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-0823347
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
STEEL FRAME
Total area
4,525 SF
Lot
0.96 ac (41,600 SF)
APN
155-010-031010
UPID
US46-0823347
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
-
Duds-n-Suds Coin Laundry (Bike/Boat/Book/etc) Store
-
Duds-n-Suds Coin Laundry of Monticello (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$580k
Owner & transaction history
Grady Holdings LLC · 6 yrs held
Grady Holdings LLC
since 2020
Last sale
$599,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$600,000
+13.3%
Auto repair, garage
$530,000
+0.2%
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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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
$545,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$530,000
Current use
OFFICE BUILDING
$600,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$530,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $599k (Feb 25 2020)
Last sale anchor
$599k
Feb 25 2020
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
$128 / 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
$4,788
Tax year 2023
Assessed value
$580,900
Assessed 2023
Previous assessed
$580,900
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$251,800
Assessed improvement
$329,100
Land market value
$251,800
Improvement market value
$329,100
Total market value
$580,900
Applied tax rate
1,101.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
4,525 SF
Lot
0.96 ac (41,600 SF)
APN
155-010-031010
UPID
US46-0823347
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
RETAIL STORES Current
Est. value
$530,000
OFFICE BUILDING
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$470,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1974
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Grady Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
224 W 3RD ST, MONTICELLO, MN 55362-8793
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2020
$327,490
Grady Holdings LLC
Sheriffwrightcounty
Grant Deed
—
Feb 25, 2020
$599,000
Monticello Cssi 218 Hldgs LLC
Grady Holding LLC
Warranty Deed
—
Mar 22, 2019
$316,447
Riverwood Bk
Sheriff Of Wright County|grady Holdings LLC
Trustees Deed
related
—
Nov 21, 2016
—
Grady Holdings LLC
—
Deed
related
$320,000 · Riverwood Bk
Mar 6, 2015
$500,000
Ronald D Reh
Bebo Harold H & Rita A
Grant Deed
—
Mar 6, 2015
—
Grady Holdings LLC
Reh,ronald D & Julie M
Warranty Deed
related
$576,000 · Riverwood Bk
Jul 12, 2004
$500,000
Ronald D Reh
Bebo,harold H & Rita A
Grant Deed
—
—
—
Grady Holdings LLC
—
Deed Of Trust
related
$268,000 · Minnesota Busn Fin
—
—
Grady Holdings LLC
—
Loan Modification
related
$320,000 · Riverwood Bk
—
—
Grady Holdings LLC
—
Loan Modification
related
$320,000 · Riverwood 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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