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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Manufacturing properties
307 6th St Chaska, MN 55318-2103
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-1035985
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Total area
7,872 SF
Lot
0.74 ac (32,234 SF)
APN
30-5400020
UPID
US46-1035985
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
-
The Log Furniture Store Industrial Manufacturer Production Facility
-
Sprinkler Superstore General Contractor Construction Company
-
vista landscape lighting Landscaping General Contractor
-
River City Woodworking Inc Factory Production Facility
-
CCO, Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Polar Minnesota LLC · 5 yrs held
Polar Minnesota LLC
since 2021
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+307.4%
Commercial (general)
$895,000
+231.2%
Restaurant
$890,000
+229.2%
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 Chaska submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chaska 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
$750,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,105,000
Change: +307% · Conversion: Difficult
COMMERCIAL (GENERAL)
$895,000
Change: +231% · Conversion: Difficult
RESTAURANT
$890,000
Change: +229% · Conversion: Difficult
MEDICAL BUILDING
$740,000
Change: +174% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: +162% · Conversion: Easy
RETAIL STORES
$690,000
Change: +155% · Conversion: Moderate
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $700k (Jan 14 2021)
Last sale anchor
$700k
Jan 14 2021
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
$93 / 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
$18,164
Tax year 2024
Assessed value
$619,900
Assessed 2024
Previous assessed
$606,100
+2.3% YoY
Effective rate
2.93%
On assessed value
Assessed land
$192,300
Assessed improvement
$427,600
Land market value
$192,300
Improvement market value
$427,600
Total market value
$619,900
Applied tax rate
112.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
EVAPORATIVE
Total area
7,872 SF
Lot
0.74 ac (32,234 SF)
APN
30-5400020
UPID
US46-1035985
Jurisdiction
CARVER
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
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$895,000
RESTAURANT
Est. value
$890,000
MEDICAL BUILDING
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES
Est. value
$690,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1970
Heating
FORCED AIR
Cooling
Yes
Lot
0.74 ac
Current owner
From public records · entity-resolved
Polar Minnesota LLC
Entity
Mailing address
525 CREEKRIDGE DR UNIT C, CHASKA, MN 55318-2672
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2021
$500
Polar Minnesota LLC
Mp Dev LLC
Warranty Deed
related
—
Jan 8, 2021
$700,000
Mp Dev LLC
Ron Paul Properties LLC
Warranty Deed
—
Mar 14, 2017
—
Ron Pual Properties LLC
—
Deed
related
$2,000,000 · Wells Fargo Bk
Dec 15, 2016
—
Ron Paul Properties LLC
—
Deed
related
$201,625 · Wells Fargo Bk
—
—
Ron Paul Properties LLC
—
Deed Of Trust
related
$217,229 · Wells Fargo Bk
—
—
Ron Paul Properties LLC
—
Deed Of Trust
related
$2,073,270 · Wells Fargo Bk
—
—
Ron Paul Properties LLC
—
Loan Modification
related
$201,625 · Wells Fargo Bk
—
—
Ron Pual Properties LLC
—
Loan Modification
related
$2,000,000 · 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.
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