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Property profile & analytics
OFF-MARKET
Specialty properties
3075 Vermillion St, Hastings, MN 55033-3921
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US46-0660893
Property profile
Verified
Property type
Specialty properties
Use group
CREMATORIUM, MORTUARY
Year built
2018
Construction
CONCRETE
Total area
11,479 SF
Lot
2.96 ac (128,938 SF)
Zoning code
R
APN
19-68500-01-010
UPID
US46-0660893
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
-
Knights of Columbus Volunteer Organization Community Center
-
Starkson Family Life Celebration Chapel Social Service Agency
-
Wise Family Funeral Home & Crematory Social Service Agency
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
Katara Investments INC · 8 yrs held
Katara Investments INC
since 2017
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
Tax billed
$38,552
Tax year 2023
Assessed value
$1,346,400
Assessed 2022
Previous assessed
$1,346,400
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$499,800
Assessed improvement
$846,600
Land market value
$499,800
Improvement market value
$846,600
Total market value
$1,346,400
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
CREMATORIUM, MORTUARY
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Total area
11,479 SF
Lot
2.96 ac (128,938 SF)
Zoning code
R
APN
19-68500-01-010
UPID
US46-0660893
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
2018
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Lot
2.96 ac
Current owner
From public records · entity-resolved
Katara Investments INC
Entity
Mailing address
201 7TH ST E, HASTINGS, MN 55033-2104
Ownership since
2017
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
Nov 19, 2025
—
Katara Investments INC
—
Deed
related
$250,000 · Premier Bank Minnesota
Feb 11, 2020
—
Katara Investments INC
—
Deed
related
$2,991,218 · Premier Bk/mn
Jun 26, 2019
—
Katara Investments INC
—
Deed
related
$2,510,000 · Premier Bk/mn
Jan 30, 2018
—
Katara Investments INC
—
Deed
related
$250,000 · Premier Bk/mn
Dec 7, 2017
$475,000
Katara Investments INC
Sixteen-hundred Building Corp
Warranty Deed
$630,000 · Premier Bk/mn
—
—
Katara Investments INC
—
Loan Modification
related
$2,510,000 · Premier Bk/mn
—
—
Katara Investments INC
—
Loan Modification
related
$2,991,218 · Premier Bk/mn
—
—
Katara Investments INC
—
Loan Modification
related
$250,000 · Premier Bk/mn
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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