New search
Property profile & analytics
OFF-MARKET
Specialty properties
301 2nd E St, Hastings, MN 55033-1207
Individually Owned
15-yr Hold
Free & Clear
Property ID
US46-0204908
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1962
Construction
CONCRETE
Total area
14,948 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R
APN
19-32150-02-060
UPID
US46-0204908
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
-
Hastings Family Service Social Service Agency Charitable Organization
-
Great Rivers Art Gallery Artist Art Gallery
-
Hastings Family Service - Food Distribution Center Food Bank Charitable Organization
-
Auctions Inc Trade Show Venue (Bike/Boat/Book/etc) Store
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
Hastings Family Service · 15 yrs held
Hastings Family Service
since 2011
7 recorded transactions
Zoning & alternative use
R · Hastings, 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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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 2023Property tax & assessments
Tax year 2023
Assessed value
$681,900
Assessed 2022
Previous assessed
$671,000
+1.6% YoY
Assessed land
$218,400
Assessed improvement
$463,500
Land market value
$218,400
Improvement market value
$463,500
Total market value
$681,900
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Total area
14,948 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R
APN
19-32150-02-060
UPID
US46-0204908
Jurisdiction
DAKOTA
Zoning & alternative use
R · Hastings, MN
Zoning R · permitted uses
R · Hastings, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Lot
0.34 ac
Current owner
From public records · entity-resolved
Hastings Family Service
Individual
Free & Clear · 15 yrs held
Mailing address
301 2ND ST E, HASTINGS, MN 55033-1207
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2011
$720,000
Hastings Family Service
Most,allen & Dorothy
Warranty Deed
—
Feb 12, 2010
$263,744
Allen F Most
Vermillion St Bk
Grant Deed
—
Feb 11, 2010
—
Allen F
—
Trustees Deed
related
$265,000 · First National Bank River Fall
Aug 31, 2009
—
Allen
—
Trustees Deed
related
$400,000 · First National Bank River Fall
Mar 21, 2008
—
Allen F Most
—
Trustees Deed
related
$250,000 · Vermillion State Bank
Mar 4, 2008
—
Allen F
—
Trustees Deed
related
$100,000 · First National Bank River Fall
Sep 27, 2004
$700,000
Allen
Eddys Pharmacies INC
Warranty Deed
—
—
—
Hastings Family Service
—
Deed Of Trust
related
$705,000 · Vermillion State Bank
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?”
You own 301 2nd E St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
