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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Flex space
303 12th S Ave, Buffalo, MN 55313-2306
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0857789
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1991
Construction
WOOD
Total area
6,300 SF
Lot
0.78 ac (34,064 SF)
APN
103-069-002110
UPID
US46-0857789
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
-
FDR Design Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$620k
Owner & transaction history
Arg Holdings LLC · 2 yrs held
Arg Holdings LLC
since 2023
Last sale
$630,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+62.2%
Restaurant
$825,000
+60.1%
Auto repair, garage
$740,000
+43.5%
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 Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo 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
$595,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$515,000
Current use
OFFICE BUILDING
$835,000
Change: +62% · Conversion: Difficult
RESTAURANT
$825,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: +43% · Conversion: Easy
RETAIL STORES
$735,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$655,000
Change: +28% · Conversion: Difficult
WAREHOUSE, STORAGE
$510,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $630k (Sep 21 2023)
Last sale anchor
$630k
Sep 21 2023
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
$98 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,234
Tax year 2023
Assessed value
$564,300
Assessed 2023
Previous assessed
$564,300
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$155,300
Assessed improvement
$409,000
Land market value
$155,300
Improvement market value
$409,000
Total market value
$564,300
Applied tax rate
301.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
FORCED AIR
Cooling
REFRIGERATOR
Total area
6,300 SF
Lot
0.78 ac (34,064 SF)
APN
103-069-002110
UPID
US46-0857789
Jurisdiction
WRIGHT
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
INDUSTRIAL (GENERAL) Current
Est. value
$515,000
OFFICE BUILDING
Est. value
$835,000
RESTAURANT
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$740,000
RETAIL STORES
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$655,000
WAREHOUSE, STORAGE
Est. value
$510,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1991
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Lot
0.78 ac
Current owner
From public records · entity-resolved
Arg Holdings LLC
Entity
Mailing address
303 12TH AVE S, BUFFALO, MN 55313-2306
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2023
$630,000
Arg Holdings LLC
Barlo Enterprises LLP
Warranty Deed
$500,000 · Cortrust Bank NA
Jan 6, 2010
—
Barlo Ents LLP
Ernst,barbara J & Randi L
Quit Claim Deed
related
$332,000 · Us Bank NA
—
—
Randi L Ernst
—
Deed Of Trust
related
$100,000 · Klein 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.
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