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Property profile & analytics
OFF-MARKET
Manufacturing properties
26050 Newton Cir, Elko New Market, MN 55020-9534
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0007401
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Total area
4,720 SF
Lot
2.7 ac (117,612 SF)
Zoning code
I-1
APN
08-049006-0
UPID
US46-0007401
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Niemeyer Properties LLC · 18 yrs held
Niemeyer Properties LLC
since 2008
5 recorded transactions
Zoning & alternative use
I-1 · Elko New Market, MN
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 Elko New Market submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elko New Market 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
$13,324
Tax year 2024
Assessed value
$583,900
Assessed 2024
Previous assessed
$572,500
+2.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$190,500
Assessed improvement
$393,400
Land market value
$190,500
Improvement market value
$393,400
Total market value
$583,900
Applied tax rate
1,001.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1995
Heating
SPACE
Total area
4,720 SF
Lot
2.7 ac (117,612 SF)
Zoning code
I-1
APN
08-049006-0
UPID
US46-0007401
Jurisdiction
SCOTT
Zoning & alternative use
I-1 · Elko New Market, MN
Zoning I-1 · permitted uses
I-1 · Elko New Market, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elko New Market. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Heating
SPACE
Lot
2.7 ac
Current owner
From public records · entity-resolved
Niemeyer Properties LLC
Entity
Free & Clear · 18 yrs held
Mailing address
27125 HAMBURG AVE, FARMINGTON, MN 55024-9235
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
—
Niemeyer Properties LLC
—
Deed
related
$462,860 · Castle Rock Bank
Oct 10, 2017
—
Niemeyer Properties LLC
—
Deed
related
$170,000 · Castle Rock Bk
Apr 2, 2008
—
Niemeyer Properties LLC
Niemeyer,james C & Shirley M
Quit Claim Deed
related
—
Mar 9, 2006
$575,000
James C Niemeyer
Marlo Rentals LLC
Grant Deed
—
—
—
Niemeyer Properties LLC
—
Loan Modification
related
$170,000 · Castle Rock 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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