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Property profile & analytics
FOR LEASE
Strip malls
300 Western Ave Faribault, MN 55021
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-1192130
For Lease
1 / 3
Contact for pricing
300 Western Ave, Faribault, MN 55021
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
16,736 SF
Lot
2.6 ac (113,256 SF)
APN
18.35.1.76.001
UPID
US46-1192130
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
-
Jimmy John's Take-out & Catering Catering Service
-
Metro by T-Mobile Telecommunications Service
-
Fantastic Sams Cut & Color Hair Salon
-
CCFBank Bank Loan Service
-
Wireless World - Verizon Authorized Retailer Telecommunications Service Data Center
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
Lawrence F Mushlenbein · 4 yrs held
Lawrence F Mushlenbein
since 2021
Last sale
$425,000
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
$60,396
Tax year 2024
Assessed value
$2,264,300
Assessed 2024
Previous assessed
$2,264,300
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$566,300
Assessed improvement
$1,698,000
Land market value
$566,300
Improvement market value
$1,698,000
Total market value
$2,264,300
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
For Lease
Year built
2007
Heating
NONE
Stories
1
Total area
16,736 SF
Lot
2.6 ac (113,256 SF)
APN
18.35.1.76.001
UPID
US46-1192130
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
2.6 ac
Current owner
From public records · entity-resolved
Lawrence F Mushlenbein
Individual
Mailing address
129 HEDIN AVE STE #101, RED WING, MN 55066-1915
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
—
Western Avenue Marketplace LLC
—
Deed
related
$300,000 · Community Bank Mankato
Jul 29, 2021
$425,000
Lawrence F Mushlenbein
Gregory B Paine
Warranty Deed
$160,000 · Community Bank Mankato
Nov 1, 2018
—
Western Avenue Marketplace LLC
—
Deed
related
$35,000 · Community Bk Mankato
Nov 7, 2014
—
Western Avenue Marketplace LLC
Lundin Family LLC
Quit Claim Deed
related
—
May 2, 2014
$2,965,000
Lundin Family LLC
Western Avenue Properties LLC
Warranty Deed
$2,372,000 · Community Bk Mankato
May 12, 2006
$875,000
Western Avenue Properties LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Western Avenue Marketplace LLC
—
Deed Of Trust
related
$35,000 · Community Bk Mankato
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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