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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Turn key restaurants
24 4th NW St, Faribault, MN 55021-5177
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-1258949
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Total area
3,421 SF
Lot
0.12 ac (5,340 SF)
APN
18.31.1.26.194
UPID
US46-1258949
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
-
Tavo's Carpet & Flooring of Faribault Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Priscilla M Ruiz Gonzales · 3 yrs held
Priscilla M Ruiz Gonzales
since 2023
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$580,000
+61.4%
Commercial (general)
$515,000
+44.2%
Warehouse, storage
$375,000
+4.5%
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 Faribault submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Faribault 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
$565,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$360,000
Current use
OFFICE BUILDING
$580,000
Change: +61% · Conversion: Moderate
COMMERCIAL (GENERAL)
$515,000
Change: +44% · Conversion: Easy
WAREHOUSE, STORAGE
$375,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $610k (Mar 1 2023)
Last sale anchor
$610k
Mar 1 2023
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
$171 / 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
$7,118
Tax year 2024
Assessed value
$309,200
Assessed 2024
Previous assessed
$309,200
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$56,700
Assessed improvement
$252,500
Land market value
$56,700
Improvement market value
$252,500
Total market value
$309,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
3
Stories
1
Total area
3,421 SF
Lot
0.12 ac (5,340 SF)
APN
18.31.1.26.194
UPID
US46-1258949
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$360,000
OFFICE BUILDING
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$375,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
1
Buildings
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
Priscilla M Ruiz Gonzales
Individual
Mailing address
2233 OLD W MAIN ST, RED WING, MN 55066-4908
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2025
—
Priscila Mayte Ruiz Gonzales
—
Deed
related
$652,500 · The State Bank Of Faribault
Mar 1, 2023
$610,000
Priscilla M Ruiz Gonzales
Jenero Paz
Warranty Deed
$424,000 · The State Bank Of Faribault
Mar 1, 2023
$580,000
Jenaro Paz
The State Bank Of Farlbault
Warranty Deed
$424,000 · The State Bank Of Faribault
Feb 13, 2018
—
Jenaro Paz
—
Deed
related
$564,095 · State Bk/faribault
Jan 13, 2016
$580,000
Jenaro Paz
State Bk Of Faribault
Dual Purpose Document
related
$572,500 · State Bk/faribault
Dec 4, 2014
—
State Bk Of Faribault
Gomez,virginia S
Quit Claim Deed
related
—
Jan 12, 2011
$250,000
State Bk Of Faribault
Carreon,jose
Grant Deed
related
—
Dec 21, 2010
$280,000
Virginia S Gomez
Carreon,jose
Grant Deed
—
Jul 28, 2008
$215,000
Jose Carreon
Ohnstad Ents INC
Grant Deed
$213,750 · State Bank
Dec 14, 2004
$125,000
Ali Abu-serrieh
Jandro,thomas A & Gail L
Warranty Deed
—
Dec 14, 2004
$200,000
Ohnstad Ents INC
Abu-serrieh,ali
Warranty Deed
—
Dec 14, 2004
$500
Thomas Jandro
Dohrer,vincent K & Beverly J
Quit Claim Deed
related
—
Dec 14, 2004
$215,000
Jose Carreon
Ohnstad Ents INC
Grant Deed
—
—
—
Jenaro Paz
—
Loan Modification
related
$564,095 · 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.
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