Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

251 8Th St NW Elk River, MN 55330

FOR SALE
Other commercial real estate
Property ID
US46-0256717
6,000 SF 0.76 ac lot Built 1986
Last sale Sep 2026 · $575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Built in 1986, the property is a 6,000-square-foot mixed-use building on a 0.76-acre site, configured with a 4,000-square-foot dance studio and 2,000 square feet of professional office space. The building’s exterior combines brick/stone with metal and stucco elements, and it has a shingle roof. Interior climate control is provided by forced-air heating and central air conditioning. The site has direct visibility to Hwy 169 and includes an approximately 1,800-square-foot fenced rear area used…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$467k
Assessed land$163k
Assessed improvement$303k
Effective rate2.28%

Value estimate

· Nov 2026
$300k
$270k – $330k
Submarket $/SF estimate$850k
NOI build-up
Gross scheduled income$132k
Vacancy & credit loss−$37k
Operating expenses−$24k
NOI · 11.22% cap applied$71k

Realmo valuation models over county records and 28 qualifying comparable sales.

Recently sold

What actually traded nearby?
$209/SF
ZIP average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$92 – $340
Qualifying comparables28

Cap rate analysis

How does the asset earn?
11.22%
$71k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSHERBURNE

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop9.3
Kitchen & Bath9.2
Storage Facility9.1

Location

251 8Th St NW Elk River, MN 55330
County assessor Recorded deeds · 7 transfers 28 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
516 Freeport NW, Elk River, MN 55330-2626 $507,000 Dec 2025 5,864 SF
564 Dodge NW, Elk River, MN 55330-1934 $415,000 Dec 2025 3,900 SF
16800 Hwy 10us, Elk River, MN 55330-6308 $1,100,000 Feb 2025 6,863 SF
568 Dodge NW, Elk River, MN 55330-1979 $720,000 Nov 2024 3,914 SF
200 5th NW, Elk River, MN 55330-1917 $505,200 Oct 2024 4,480 SF
710 Dodge NW, Elk River, MN 55330-2019 $850,000 May 2024 7,188 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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