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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Showrooms
219 Dundas Rd, Monticello, MN 55362-8916
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-1654740
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1993
Construction
STEEL FRAME
Total area
1,320 SF
Lot
3.73 ac (162,348 SF)
APN
155-249-001020
UPID
US46-1654740
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
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Tired Iron Properties LLC · 3 yrs held
Tired Iron Properties LLC
since 2022
Last sale
$1.1M
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 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
$1,090,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.13M (Oct 6 2022)
Last sale anchor
$1.13M
Oct 6 2022
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
$841 / 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
$23,422
Tax year 2023
Assessed value
$1,307,300
Assessed 2023
Previous assessed
$1,307,300
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$450,300
Assessed improvement
$857,000
Land market value
$450,300
Improvement market value
$857,000
Total market value
$1,307,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Total area
1,320 SF
Lot
3.73 ac (162,348 SF)
APN
155-249-001020
UPID
US46-1654740
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
Building & site characteristics
From public records
Year built
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
4
Lot
3.73 ac
Current owner
From public records · entity-resolved
Tired Iron Properties LLC
Entity
Mailing address
219 DUNDAS RD, MONTICELLO, MN 55362-8916
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
$1,125,000
Tired Iron Properties LLC
Dakota Supply Group INC
Warranty Deed
$1,100,000 · Sherburne State Bank
Aug 5, 2020
$895,000
Dakota Supply Group INC
Platinum Technologies LLC
Warranty Deed
—
Sep 9, 2013
$325,000
Platinum Technologies LLC
Birkeland,stephen P & Joan M
Warranty Deed
$243,000 · Bank Of Elk River
Sep 8, 2011
$325,000
Platinum Technologies LLC
Birkeland,stephen P & Joan M
Grant Deed
—
Feb 27, 2008
$725,000
Platinum Technologies LLC
Birkeland,stephen P & Joan M
Warranty Deed
$370,000 · Wells Fargo Bk
Jan 11, 2006
—
Birkeland,stephen P & Joan M
—
Trustees Deed
related
$47,000 · Bank Of Elk River
—
—
Platinum Technologies LLC
—
Deed Of Trust
related
$600,000 · Bank Of Elk River
—
—
Platinum Technologies LLC
—
Deed Of Trust
related
$100,000 · Bank Of Elk River
—
—
Birkeland,stephen JR & Joan M
—
Deed Of Trust
related
$699,000 · Bank Of Elk River
—
—
Platinum Technologies LLC
—
Deed Of Trust
related
$123,161 · Wells Fargo Fin'l Leasing
—
—
Birkeland,stephen P & Joan M
—
Deed Of Trust
related
$298,000 · Bank Of Elk River
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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