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Property profile & analytics
OFF-MARKET
Bars & Pubs
23219 Farwell Ave Warsaw, MN 55087-2305
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0354802
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1963
Total area
2,800 SF
Lot
1.42 ac (61,758 SF)
APN
14.18.2.76.001
UPID
US46-0354802
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
-
Channel Inn Bar & Pub Restaurant
-
The Channel Inn Warsaw Bar & Pub
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
Mjvoegele INC · 8 yrs held
Mjvoegele INC
since 2018
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 Warsaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warsaw 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
$5,560
Tax year 2024
Assessed value
$359,900
Assessed 2024
Previous assessed
$359,900
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$135,900
Assessed improvement
$224,000
Land market value
$135,900
Improvement market value
$224,000
Total market value
$359,900
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1963
Heating
NONE
Stories
1
Total area
2,800 SF
Lot
1.42 ac (61,758 SF)
APN
14.18.2.76.001
UPID
US46-0354802
Jurisdiction
RICE
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
1963
Heating
NONE
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Mjvoegele INC
Entity
Mailing address
21272 FAIRBANKS AVE, FARIBAULT, MN 55021-7886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
—
Mjvoegele INC
—
Deed
related
$282,000 · The State Bank Of Faribault
Jul 12, 2018
—
Waybob LLC
—
Deed
related
$50,000 · State Bk/faribault
Jan 4, 2018
$400,000
Mjvoegele INC
Channel Inn Properties LLC
Warranty Deed
$162,871 · State Bk/fairmont
Aug 11, 2017
—
Channel Inn Properties LLC
—
Deed
related
$35,883 · State Bk/faribault
Dec 29, 2010
$5,000
Channel Inn Properties LLC
Waybob LLC
Warranty Deed
$289,677 · State Bank
Sep 23, 2005
$500
Waybob LLC
Vwc Properties LLC
Quit Claim Deed
related
$330,225 · State Bank
—
—
Waybob LLC
—
Deed Of Trust
related
$50,000 · State Bank
—
—
Channel Inn Properties LLC
—
Loan Modification
related
$231,522 · State Bk/faribault
—
—
Channel Inn Properties LLC
—
Loan Modification
related
$43,034 · State Bk/faribault
—
—
Channel Inn Properties LLC
—
Loan Modification
related
$173,576 · State Bk/faribault
—
—
Channel Inn Properties LLC
—
Loan Modification
related
$35,883 · State Bk/faribault
—
—
Channel Inn Properties Etal
—
Deed Of Trust
related
$330,225 · State Bk/faribault
—
—
Waybob LLC
—
Deed Of Trust
related
$50,000 · State Bk/faribault
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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