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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail residential properties
248 Riv N St Delano, MN 55328-8264
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-1379280
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Construction
WOOD
Total area
4,960 SF
Lot
0.09 ac (3,703 SF)
APN
107-011-001240
UPID
US46-1379280
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$326k
Blend (final)
Blend
$525k
Owner & transaction history
Mpm Property LLC · 1 yrs held
Mpm Property LLC
since 2024
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$655,000
+27.0%
Auto repair, garage
$580,000
+12.3%
Retail stores
$580,000
+12.1%
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 Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano 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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$515,000
Current use
OFFICE BUILDING
$655,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$580,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Aug 15 2024)
Last sale anchor
$525k
Aug 15 2024
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
$106 / 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
$4,530
Tax year 2024
Assessed value
$302,000
Assessed 2024
Previous assessed
$302,000
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$34,400
Assessed improvement
$267,600
Land market value
$34,400
Improvement market value
$267,600
Total market value
$302,000
Applied tax rate
701.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1910
Construction
WOOD
Heating
NONE
Total area
4,960 SF
Lot
0.09 ac (3,703 SF)
APN
107-011-001240
UPID
US46-1379280
Jurisdiction
WRIGHT
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
COMMERCIAL (GENERAL) Current
Est. value
$515,000
OFFICE BUILDING
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$580,000
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1910
Construction
WOOD
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
Mpm Property LLC
Entity
Mailing address
1896 RIDGECREST CIR, EAGAN, MN 55122-2688
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 15, 2024
$525,000
Mpm Property LLC
Stone Creek Holding Company LLC
Warranty Deed
$420,000 · Minnesota Lakes Bank
Dec 16, 2014
$325,000
Stone Creek Holding Co LLC
Csp Ents LLC
Warranty Deed
$351,300 · Eagle Vly Bk
Dec 6, 2005
$420,000
Csp Ents LLC
Maggie Properties LLC
Warranty Deed
$336,000 · Us Bank NA
Nov 15, 2005
$500
Maggie Properties LLC
Sorenson,erik & Kari L
Quit Claim Deed
related
$200,000 · Riverview Community Bank
—
—
Stone Creek Holding Co LLC
—
Deed Of Trust
related
$255,000 · Twin Cities-metro Certified De
—
—
Stone Creek Holding Co LLC
—
Deed Of Trust
related
$486,000 · Eagle Vly Bk
—
—
Erik S Sorenson
—
Deed Of Trust
related
$20,547 · Bank West
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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