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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Retail space
2704 Airport Dr Faribault, MN 55021-7766
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-1404409
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
17,161 SF
Lot
20.1 ac (875,556 SF)
APN
18.23.1.78.002
UPID
US46-1404409
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
-
Cardtronics ATM Atm
-
Faribault Harley-Davidson Service Department Auto Repair Shop Motorcycle Shop
-
EagleRider Motorcycle Rentals and Tours Faribault Car Rental Facility
-
Faribault Harley-Davidson Motorcycle Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.18M
Owner & transaction history
A M H LLC · 4 yrs held
A M H LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+55.6%
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 Faribault submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Faribault 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,785,000
Current use
COMMERCIAL (GENERAL)
$2,775,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±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
$127 / 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
$59,966
Tax year 2024
Assessed value
$2,184,600
Assessed 2024
Previous assessed
$2,184,600
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$468,600
Assessed improvement
$1,716,000
Land market value
$468,600
Improvement market value
$1,716,000
Total market value
$2,184,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
2
Stories
1
Total area
17,161 SF
Lot
20.1 ac (875,556 SF)
APN
18.23.1.78.002
UPID
US46-1404409
Jurisdiction
RICE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
1
Buildings
2
Lot
20.1 ac
Current owner
From public records · entity-resolved
A M H LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2704 AIRPORT DR, FARIBAULT, MN 55021-7766
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
—
A M H LLC
Ruth A Hofmeister
Deed
—
Jun 20, 2018
$1,236,730
Amh LLC
Hofmeister Family LLC
Warranty Deed
—
Jun 20, 2018
$877,500
Amh LLC
Hofmeister Family LLC
Grant Deed
related
$12,500 · 1st United Bk NA
Jul 11, 2017
—
Hofmeister Family LLC
—
Deed
related
—
Jul 5, 2016
—
Hofmeister Family LLC
—
Deed
related
—
Mar 12, 2015
$1,822,000
Amh LLC|hofmeister Family LLC
Hofmeister Family LLC
Dual Purpose Document
related
$1,046,477 · Hofmeister Family LLC
Jul 26, 2006
$399,060
Sportinga LLC
Hofmeister Family
Warranty Deed
related
$420,000 · State Bank
—
—
Hofmeister Family LLC
—
Loan Modification
related
$174,870 · First United Bank
—
—
Hofmeister Family LLC
—
Deed Of Trust
related
$223,200 · First United Bank
—
—
Hofmeister Family LLC
—
Loan Modification
related
—
—
—
Hofmeister Family LLC
—
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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