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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Manufacturing properties
26148 Newton Cir Elko New Market, MN 55020-9486
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-0878290
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Total area
25,000 SF
Lot
2.58 ac (112,385 SF)
Zoning code
I-1
APN
08-049004-0
UPID
US46-0878290
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
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$965k
Owner & transaction history
Jkw Properties LLC · 6 yrs held
Jkw Properties LLC
since 2019
4 recorded transactions
Zoning & alternative use
I-1 · Elko New Market, MN
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
Method
Estimation
Statistic approach
by Request
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10%
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
$39 / 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
$36,896
Tax year 2024
Assessed value
$1,713,300
Assessed 2024
Previous assessed
$1,489,900
+15.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$179,700
Assessed improvement
$1,533,600
Land market value
$179,700
Improvement market value
$1,533,600
Total market value
$1,713,300
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
2000
Heating
SPACE
Bathrooms
10
Total area
25,000 SF
Lot
2.58 ac (112,385 SF)
Zoning code
I-1
APN
08-049004-0
UPID
US46-0878290
Jurisdiction
SCOTT
Zoning & alternative use
I-1 · Elko New Market, MNZoning 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
Source
City of Elko New Market
Building & site characteristics
From public records
Year built
2000
Heating
SPACE
Bathrooms
10
Lot
2.58 ac
Current owner
From public records · entity-resolved
Jkw Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
17954 JUDICIAL RD, LAKEVILLE, MN 55044-9329
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2019
$500
Jkw Properties LLC
Weitzel James A Living Trust
Quit Claim Deed
related
—
Jun 13, 2017
—
Weitzel,james A Living Trust
Weitzel,james A & Karen M
Quit Claim Deed
related
—
—
—
James A Weitzel
—
Loan Modification
related
—
—
—
James A Weitzel
—
Loan Modification
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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