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Property profile & analytics
OFF-MARKET
Office buildings
226 Broad St, Mankato, MN 56001-3520
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-1920276
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
7,602 SF
Lot
0.43 ac (18,683 SF)
APN
R01.09.07.453.009
UPID
US46-1920276
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
-
Counseling Services Of Southern Minnesota Counselor
-
LifePlan Financial, LLC Financial Advisor
-
Molly Weinberger Counselor
-
Taryn Surdy Marriage Or Relationship Counselor
-
Jessica Harder Counselor
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
226 Building LLC · 5 yrs held
226 Building LLC
since 2020
Last sale
$180,000
5 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 Mankato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mankato 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 2024Property tax & assessments
Tax year 2024
Tax billed
$19,510
Tax year 2024
Assessed value
$784,900
Assessed 2024
Previous assessed
$777,200
+1.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$84,100
Assessed improvement
$700,800
Land market value
$84,100
Improvement market value
$700,800
Total market value
$784,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
7,602 SF
Lot
0.43 ac (18,683 SF)
APN
R01.09.07.453.009
UPID
US46-1920276
Jurisdiction
BLUE EARTH
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
1979
Heating
NONE
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
226 Building LLC
Entity
Free & Clear · 5 yrs held
Mailing address
226 N BROAD ST, MANKATO, MN 56001-3520
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2020
$40,000
226 Building LLC
Noelle M Bruender
Warranty Deed
—
Aug 7, 2020
$3,000
226 Building LLC
United Prairie Bank
Quit Claim Deed
related
—
Oct 20, 2017
—
Leon S Tacheny
Leon S Tacheny
Deed
related
—
Feb 23, 2016
—
Tacheny Inv Properties LLC
Leon Tacheny
Warranty Deed
—
Apr 12, 2013
—
226 Building LLC
Gary Frank Guentzel
Contract Sale
$350,000 · United Prairie Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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