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Property profile & analytics
OFF-MARKET
Auto shops
22516 185th St, Audubon, MN 56511-9406
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-2463531
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2003
Construction
STEEL FRAME
Total area
6,240 SF
Lot
2.62 ac (114,127 SF)
Zoning code
COMMERCIAL
APN
20159003
UPID
US46-2463531
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
-
Car Tune & Tire Auto Repair Shop
-
Intoxalock Ignition Interlock Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jl Carlson Ent LLC · 5 yrs held
Jl Carlson Ent LLC
since 2020
Last sale
$215,000
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Audubon, MN
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 Audubon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Audubon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,306
Tax year 2023
Assessed value
$283,400
Assessed 2023
Previous assessed
$247,700
+14.4% YoY
Effective rate
1.52%
On assessed value
Assessed land
$89,300
Assessed improvement
$194,100
Land market value
$89,300
Improvement market value
$194,100
Total market value
$283,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
6,240 SF
Lot
2.62 ac (114,127 SF)
Zoning code
COMMERCIAL
APN
20159003
UPID
US46-2463531
Jurisdiction
BECKER
Zoning & alternative use
COMMERCIAL · Audubon, MN
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Audubon, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Audubon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.62 ac
Current owner
From public records · entity-resolved
Jl Carlson Ent LLC
Entity
Mailing address
22516 185TH ST, AUDUBON, MN 56511-9406
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
$215,000
Jl Carlson Ent LLC
Richard Farm Ent LP
Deed
$184,000 · Bell Bank
Nov 17, 2020
—
Jl Carlson Ent LLC
—
Deed
related
$184,000 · Bell Bank
Jan 9, 2018
$230,000
Richard Farm Enterprises Limited Pa
Jd Richard LLC
Warranty Deed
—
Apr 5, 2013
—
Jd Richard LLC
Jamie M Richard
Intrafamily Transfer
related
—
Nov 30, 2012
—
Jamie M Richard
Bell State Bank & Trust
Limited Warranty Deed
—
Aug 21, 2012
—
First National Bank
Anderson Entities LLP
Quit Claim Deed
related
—
Aug 21, 2012
$170,000
Jamie R Richard
First National Bank
Limited Warranty Deed
$156,000 · Alerus Financial NA
Jan 11, 2012
$210,560
First National Bank
Donald V Tollefson
Sheriffs Deed
related
—
Dec 30, 2005
$110,000
Anderson Entities LLP
Donald V Tollefson
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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