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Property profile & analytics
OFF-MARKET
Individual retail properties
255 Ash N Ave, Mayer, MN 55360-9658
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US46-0683082
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1998
Total area
2,240 SF
Lot
0.09 ac (3,920 SF)
APN
50-0500210
UPID
US46-0683082
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
-
Snap Fitness Mayer Gym & Fitness Center
-
Journey 2 Wellness Specialty Food Shop
-
Trucker's Tax & Bookkeeping Tax Preparation
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
Snap Fitness Of Mayer LLC · 8 yrs held
Snap Fitness Of Mayer LLC
since 2017
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 Mayer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mayer 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
$8,074
Tax year 2024
Assessed value
$314,100
Assessed 2024
Previous assessed
$311,800
+0.7% YoY
Effective rate
2.57%
On assessed value
Assessed land
$52,800
Assessed improvement
$261,300
Land market value
$52,800
Improvement market value
$261,300
Total market value
$314,100
Applied tax rate
111.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
2,240 SF
Lot
0.09 ac (3,920 SF)
APN
50-0500210
UPID
US46-0683082
Jurisdiction
CARVER
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Snap Fitness Of Mayer LLC
Entity
Mailing address
PO BOX 126, MAYER, MN 55360-0126
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
Snap Fitness Of Mayer LLC
—
Deed
related
$30,000 · Northeast Bank
Mar 20, 2020
—
Snap Fitness Of Mayer LLC
—
Deed
related
$75,000 · Northeast Bk
Sep 15, 2017
$250,000
Snap Fitness Of Mayer LLC
Founders Square LLC
Grant Deed
$200,000 · Northeast Bk
Sep 9, 2010
$153,000
Founders Square LLC
Quaas Properties LLC
Warranty Deed
—
Jun 4, 2004
$500
Quaas Properties LLC
Quaas,bradley S & Shelly L
Warranty Deed
related
—
Feb 10, 2004
—
All,season Storage INC
—
Trustees Deed
related
$30,000 · First Minnesota Bank NA
—
—
Bradley S Quaal
—
Deed Of Trust
related
$30,000 · First Minnesota Bank NA
—
—
All Season Storage INC
—
Deed Of Trust
related
$75,027 · First Minnesota Bank NA
—
—
Snap Fitness Of Mayer LLC
—
Deed Of Trust
related
$75,000 · Northeast Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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