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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
329 Labeaux Ave, Hanover, MN 55341-4091
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-0039733
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,717 SF
Lot
1.37 ac (59,634 SF)
APN
108-500-363216
UPID
US46-0039733
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
-
Tom Thumb Car Wash
-
Marathon Gas Gas Station
-
ATM Atm
-
LibertyX Bitcoin ATM Atm
-
Blade Garage Door Repairs Hardware & Home Improvement General Contractor
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
R&m Properties Of Hanover LLC · 3 yrs held
R&m Properties Of Hanover LLC
since 2022
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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
$14,510
Tax year 2023
Assessed value
$707,900
Assessed 2023
Previous assessed
$707,900
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$366,900
Assessed improvement
$341,000
Land market value
$366,900
Improvement market value
$341,000
Total market value
$707,900
Applied tax rate
801.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
3,717 SF
Lot
1.37 ac (59,634 SF)
APN
108-500-363216
UPID
US46-0039733
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
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
1.37 ac
Current owner
From public records · entity-resolved
R&m Properties Of Hanover LLC
Entity
Free & Clear · 3 yrs held
Mailing address
329 LABEAUX AVE, HANOVER, MN 55341-4091
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Sep 15, 2022
—
R&m Properties Of Hanover LLC
Mathew H J Hanson
Limited Warranty Deed
—
Jul 22, 2022
—
John H Hanson
Jon H Hanson
Intrafamily Transfer
related
—
Feb 28, 2022
—
Mathew H J Hanson
Mathew H J Hanson
Intrafamily Transfer
related
—
Jul 31, 2015
—
Hanson,jon H Trust
Hanson,jon H
Quit Claim Deed
related
—
Feb 21, 2008
—
Jon H Hanson
—
Trustees Deed
related
$190,000 · Bank West
Jun 6, 2007
$29,912
Mathew H Hanson
Hanson,jon H & Beverly P
Grant Deed
related
—
Dec 29, 2006
$500,000
Jon H Hanson
Pettit,wallace R
Grant Deed
$474,000 · Wallace R Pettit
—
—
Jon H Hanson
—
Deed Of Trust
related
$250,000 · Bankwest
—
—
Jon H Hanson
—
Deed Of Trust
related
—
—
—
Mathew H Hanson
—
Deed Of Trust
related
$419,600 · Bank West
—
—
Jon H Hanson
—
Deed Of Trust
related
—
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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