New search
Property profile & analytics
OFF-MARKET
Warehouses
22540 185th St, Audubon, MN 56511
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-2116045
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Construction
FRAME
Total area
7,560 SF
Lot
1.33 ac (57,935 SF)
Zoning code
COMMERCIAL
APN
20159006
UPID
US46-2116045
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
-
U Store Lock & Leave Storage Facility
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
U Storage LLP · 5 yrs held
U Storage LLP
since 2021
Last sale
$380,000
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
$5,486
Tax year 2023
Assessed value
$350,100
Assessed 2023
Previous assessed
$199,800
+75.2% YoY
Effective rate
1.57%
On assessed value
Assessed land
$67,100
Assessed improvement
$283,000
Land market value
$67,100
Improvement market value
$283,000
Total market value
$350,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Construction
FRAME
Stories
1
Total area
7,560 SF
Lot
1.33 ac (57,935 SF)
Zoning code
COMMERCIAL
APN
20159006
UPID
US46-2116045
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
2022
Construction
FRAME
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
U Storage LLP
Entity
Free & Clear · 5 yrs held
Mailing address
541 16TH ST NE, WEST FARGO, ND 58078-7214
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
—
U Storage LLP
—
Deed
related
$75,000 · American Natl Bank Mn
Jun 20, 2022
—
U Storage LLP
—
Deed
related
$55,000 · American Natl Bank Mn
Nov 8, 2021
—
U Storage LLP
—
Deed
related
$217,415 · American National Bank
Mar 10, 2021
$380,000
U Storage LLP
Df Investments LLC
Warranty Deed
—
Jul 18, 2016
—
Df Investments LLC
Lee Froemke
Quit Claim Deed
related
—
Nov 26, 2013
$52,000
Lee Froemke
Big Toy Storage Condos LLC
Warranty Deed
$39,000 · Union State Bank Of Fargo
Nov 20, 2007
—
Big Toy Storage Condos LLC
Anderson Entities LLP
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22540 185th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
