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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Distribution centers
260 County Hwy 11 Audubon, MN 56511-4300
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-2093735
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1975
Total area
4,916 SF
Lot
0.78 ac (33,773 SF)
APN
470156000
UPID
US46-2093735
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Torm Prop LLC · 3 yrs held
Torm Prop LLC
since 2022
Last sale
$550,000
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 Audubon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Audubon 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
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $550k (Aug 26 2022)
Last sale anchor
$550k
Aug 26 2022
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
$109 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,454
Tax year 2023
Assessed value
$124,700
Assessed 2023
Previous assessed
$87,900
+41.9% YoY
Effective rate
1.97%
On assessed value
Assessed land
$23,000
Assessed improvement
$101,700
Land market value
$23,000
Improvement market value
$101,700
Total market value
$124,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1975
Stories
1
Total area
4,916 SF
Lot
0.78 ac (33,773 SF)
APN
470156000
UPID
US46-2093735
Jurisdiction
BECKER
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
1975
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Torm Prop LLC
Entity
Mailing address
1140 43RD AVE W, WEST FARGO, ND 58078-8835
Ownership since
2022
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 26, 2022
$550,000
Torm Prop LLC
Cossette Properties LLC
Deed
—
Mar 30, 2021
$3,000
Cossette Properties LLC
Michael W Larson
Quit Claim Deed
related
$89,314 · Bell Bank
Sep 6, 2018
$118,000
Co Properties LLC
Michael W Larson
Warranty Deed
$155,500 · Bell Bank
Oct 21, 2016
$115,000
Michael W Larson
Joshua W Heibel
Warranty Deed
$92,000 · Midwest Bank
Jun 26, 2012
$120,000
Joshua W Heibel
Christopher L Songstad
Warranty Deed
$96,000 · Midwest Bank
Mar 23, 2006
$80,000
Gadwall Associates LLP
Robert P Johnson
Warranty Deed
$103,200 · Bremer Bank NA
Mar 23, 2006
—
Christopher J Okeson
Gadwall Associates LLP
Quit Claim Deed
related
—
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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