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Property profile & analytics
OFF-MARKET
Manufacturing properties
34140 State Hwy 34, Detroit Lakes, MN 56501
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US46-2574524
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Construction
WOOD
Total area
3,200 SF
Lot
1.51 ac (65,776 SF)
Zoning code
COMMERCIAL
APN
100400000
UPID
US46-2574524
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Isaac J Jensen · 12 yrs held
Isaac J Jensen
since 2013
5 recorded transactions
Zoning & alternative use
COMMERCIAL · Detroit Lakes, 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 Detroit Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit Lakes 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
$1,352
Tax year 2023
Assessed value
$129,700
Assessed 2023
Previous assessed
$113,700
+14.1% YoY
Effective rate
1.04%
On assessed value
Assessed land
$49,700
Assessed improvement
$80,000
Land market value
$49,700
Improvement market value
$80,000
Total market value
$129,700
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
2003
Construction
WOOD
Heating
SPACE
Stories
1
Total area
3,200 SF
Lot
1.51 ac (65,776 SF)
Zoning code
COMMERCIAL
APN
100400000
UPID
US46-2574524
Jurisdiction
BECKER
Zoning & alternative use
COMMERCIAL · Detroit Lakes, MN
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Detroit Lakes, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit Lakes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
SPACE
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Isaac J Jensen
Individual
Mailing address
PO BOX 1035, DETROIT LAKES, MN 56502-1035
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2013
$112,600
Isaac J Jensen
Gerald F Zirbel
Warranty Deed
$96,000 · Bremer Bank NA
Sep 24, 2013
—
Gerald F Zirbel
Dean H Grossman
Quit Claim Deed
related
—
Jan 31, 2011
$112,600
Isaac J Jensen
Gerald F Zirbel
Contract Sale
$107,600 · Gerald F Zirbel Etux
Jun 26, 2009
—
Gerald F Zirbel
Joseph Walter Clauson
Quit Claim Deed
related
—
Oct 25, 2005
—
Anglo American Company
Scott A Frey
Quit Claim Deed
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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