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Property profile & analytics
OFF-MARKET
Strip malls
2901 Lavender Pkwy Faribault, MN 55021-5085
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-1146937
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
9,332 SF
Lot
0.89 ac (38,856 SF)
APN
18.24.3.26.106
UPID
US46-1146937
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
-
Mark and Barb Erickson Edina Realty Real Estate Agency
-
Edina Realty - Faribault Real Estate Agency Real Estate Agency
-
Edina Realty - Nancy Barr, Inc. Real Estate Agency
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Otolaryngologist
-
Pizza Hut Take-out & Catering
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
Gvnr Faribo Village LLC · 5 yrs held
Gvnr Faribo Village LLC
since 2020
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 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
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
$28,130
Tax year 2024
Assessed value
$1,081,500
Assessed 2024
Previous assessed
$1,081,500
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$194,300
Assessed improvement
$887,200
Land market value
$194,300
Improvement market value
$887,200
Total market value
$1,081,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
9,332 SF
Lot
0.89 ac (38,856 SF)
APN
18.24.3.26.106
UPID
US46-1146937
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
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Gvnr Faribo Village LLC
Entity
Mailing address
16933 ENFIELD WAY, LAKEVILLE, MN 55044-4771
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Gvnr Faribo Village LLC
—
Deed
related
$150,000 · Americana Community Bank
Nov 9, 2020
$960,000
Gvnr Faribo Village LLC
Villa Vino Partners LLC
Grant Deed
related
$495,000 · Americana Cmnty Bk
Jul 29, 2019
—
Villa Vino Partners LLC
—
Deed
related
$470,334 · Wells Fargo Bk
Apr 25, 2011
$750,000
Villa Vino Partners LLC
Minnwest Bk Metro
Grant Deed
related
$637,500 · Wells Fargo Bank
Dec 26, 2008
$1,215,000
Minnwest Bk Metro
J & B Villages LLC
Grant Deed
related
—
Dec 26, 2008
$1,275,000
Minnwest Bank Metro
J & B Villages LLC
Warranty Deed
related
—
Feb 9, 2007
—
J & B Villages LLC
—
Trustees Deed
related
$150,000 · Punchco INC
Jan 9, 2007
$500
J & B Villages LLC
J & B Props Of Faribault LLP
Quit Claim Deed
related
$1,275,000 · Minnwest Bank Central
Oct 16, 2006
$300,000
J & B Villages LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Villa Vino Partners LLC
—
Loan Modification
related
$470,334 · Wells Fargo 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.
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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