Back to Search
Property profile & analytics
FOR LEASE
Office buildings
311 10Th Ave S Buffalo, MN 55313
Entity Owned
7-yr Hold
Free & Clear
Property ID
US46-0818494
For Lease
1 / 2
$18 SF/Yr
311 10Th Ave S, Buffalo, MN 55313
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,632 SF
Lot
1.07 ac (46,522 SF)
APN
103-067-001060
UPID
US46-0818494
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.41M
Owner & transaction history
Hwy 55 LLC · 7 yrs held
Hwy 55 LLC
since 2018
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,675,000
Current use
RESTAURANT
$1,650,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,480,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$1,475,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10%
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
$111 / 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
$34,320
Tax year 2023
Assessed value
$1,478,000
Assessed 2023
Previous assessed
$1,478,000
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$440,000
Assessed improvement
$1,038,000
Land market value
$440,000
Improvement market value
$1,038,000
Total market value
$1,478,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
12,632 SF
Lot
1.07 ac (46,522 SF)
APN
103-067-001060
UPID
US46-0818494
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
OFFICE BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
RESTAURANT
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
1.07 ac
Current owner
From public records · entity-resolved
Hwy 55 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5985 50TH ST SE, DELANO, MN 55328-8171
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
—
Hwy 55 LLC
—
Deed
related
$178,000 · Tradition Capital Bank
Jun 13, 2019
—
Hwy 55 LLC
—
Deed
related
$1,000,000 · Tradition Cap Bk
Aug 24, 2018
—
Hwy 55 LLC
Witt,julie A & Robert F
Quit Claim Deed
related
—
Aug 11, 2015
$26,764
Julie A Witt
City Of Buffalo
Grant Deed
$1,120,000 · Crown Bk
Dec 19, 2014
$515
Julie A Witt
Witt,julie A & Robert F
Quit Claim Deed
related
$1,120,000 · Crown Bk
Sep 29, 2010
—
Julie A Witt
—
Deed Of Trust
related
$1,117,500 · Bremer Bank NA
May 18, 2010
—
Julie A Witt
—
Trustees Deed
related
$1,117,500 · Bremer Bank NA
Feb 1, 2006
—
Julian INC
—
Trustees Deed
related
$175,000 · Crown Bank
—
—
Julie A Witt
—
Deed Of Trust
related
$947,330 · Bremer Bank NA
—
—
Julie A Witt
—
Loan Modification
related
—
—
—
Hwy 55 LLC
—
Deed Of Trust
related
$1,000,000 · Tradition Cap 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.
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?”
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.
