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Property profile & analytics
OFF-MARKET
Estimated value
$325,000
Day care centers
227 Main St Mankato, MN 56001-3504
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US46-1971965
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1926
Total area
7,154 SF
Lot
0.24 ac (10,395 SF)
APN
R01.09.18.128.005
UPID
US46-1971965
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
-
Cultivate Mankato Daycare Center Foster Care Service
-
Soaring Endeavours Marketing & Advertising (Bike/Boat/Book/etc) Store
-
M Nelson Counseling Psychology Family Counselor
-
Accounting Department LLC Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$325k
Owner & transaction history
Gemstone Properties LLC · 14 yrs held
Gemstone Properties LLC
since 2012
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 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
Method
Estimation
Statistic approach
by Request
ML approach
$325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$325k
Range $293k – $358k · ±10%
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
$45 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$36,832
Tax year 2024
Assessed value
$1,209,700
Assessed 2024
Previous assessed
$1,197,800
+1.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$62,400
Assessed improvement
$1,147,300
Land market value
$62,400
Improvement market value
$1,147,300
Total market value
$1,209,700
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1926
Heating
NONE
Stories
1
Total area
7,154 SF
Lot
0.24 ac (10,395 SF)
APN
R01.09.18.128.005
UPID
US46-1971965
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
1926
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Gemstone Properties LLC
Entity
Mailing address
201 N RIVERFRONT DR STE #230, MANKATO, MN 56001-3536
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
Innovation 6 Holdings LLC
—
Deed
related
$855,000 · Bankvista
Dec 10, 2019
—
Innovation 6 Holdings LLC
—
Deed
related
$960,000 · West Bank
Oct 17, 2019
—
Economic Dev Authority Levy
—
Deed
related
$13,300 · Mankato City (mn)
Oct 10, 2018
—
Innovation 6 Holdings LLC
—
Deed
related
$125,000 · Mankato City (mn)
Sep 24, 2018
—
Innovation 6 Holdings LLC
—
Deed
related
$744,000 · Minnstar Bank NA
Apr 3, 2017
—
Innovation 6 Holdings LLC
—
Deed
related
$581,250 · Citizens Community Bank
May 3, 2012
—
Gemstone Properties LLC
Susan M Michaletz
Limited Warranty Deed
$588,000 · Minnstar Bank National Association
May 3, 2012
$475,000
Innovation 6 Holdings LLC
Gemstone Properties LLC
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.
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