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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Manufacturing properties
26370 Helena Blvd New Prague, MN 56071-8803
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-3201529
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2012
Total area
56,200 SF
Lot
6.08 ac (264,845 SF)
Zoning code
C-1
APN
05-066001-0
UPID
US46-3201529
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
$1.84M
Owner & transaction history
James J Bendzick · 19 yrs held
James J Bendzick
since 2007
7 recorded transactions
Zoning & alternative use
C-1 · New Prague, 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 New Prague submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Prague 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
$33 / 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
$48,148
Tax year 2024
Assessed value
$2,079,100
Assessed 2024
Previous assessed
$2,038,300
+2.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$349,600
Assessed improvement
$1,729,500
Land market value
$349,600
Improvement market value
$1,729,500
Total market value
$2,079,100
Applied tax rate
702.0000
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
2012
Heating
NONE
Total area
56,200 SF
Lot
6.08 ac (264,845 SF)
Zoning code
C-1
APN
05-066001-0
UPID
US46-3201529
Jurisdiction
SCOTT
Zoning & alternative use
C-1 · New Prague, MN
Zoning C-1 · permitted uses
C-1 · New Prague, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Prague. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Lot
6.08 ac
Current owner
From public records · entity-resolved
James J Bendzick
Individual
Mailing address
15376 320TH ST, NEW PRAGUE, MN 56071-4547
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2022
—
James J Bendzick
—
Deed
related
$452,500 · Minnwest Bank
Aug 11, 2020
—
James J Bendzick
—
Deed
related
—
Aug 6, 2019
—
James J Bendzick
—
Deed
related
—
Aug 3, 2018
—
James J Bendzick
—
Deed
related
—
Aug 2, 2017
—
James J Bendzick
—
Deed
related
—
Sep 8, 2016
—
James J Bendzick
—
Deed
related
$200,000 · Lake Cntry Cmnty Bk
Sep 8, 2015
—
James J Bendzick
—
Trustees Deed
related
$50,000 · Lake Cntry Cmnty Bk
Mar 13, 2007
$247,500
James J Bendzick
Bendzick,john J & Rene J
Grant Deed
related
—
—
—
James J Bendzick
—
Loan Modification
related
—
—
—
James J Bendzick
—
Deed Of Trust
related
$200,000 · Lake Cntry Cmnty Bk
—
—
James J Bendzick
—
Loan Modification
related
—
—
—
James J Bendzick
—
Loan Modification
related
—
—
—
James J Bendzick
—
Loan Modification
related
—
—
—
James J Bendzick
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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