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Property profile & analytics
OFF-MARKET
Estimated value
$3,695,000
Showrooms
3613 Chelsea W Rd, Monticello, MN 55362-4420
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1568988
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,156 SF
Lot
5.15 ac (224,290 SF)
APN
155-171-001010
UPID
US46-1568988
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
-
Polaris Car Dealership Motorcycle Shop
-
Moon Motorsports Triumph Motorcycle Shop Big Box & Wholesale Store
-
Honda Parts Auto Parts Store Motorcycle Shop
-
Moon Motorsports Parts Department Auto Parts Store Motorcycle Shop
-
Moon Motorsports Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.70M
Owner & transaction history
John Chadwick Farms LLC · 8 yrs held
John Chadwick Farms LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+27.0%
Restaurant
$3.0M
+25.4%
Auto repair, garage
$2.7M
+12.3%
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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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%
$4,700,000
6.5%
$4,340,000
7%
$4,030,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,415,000
Current use
OFFICE BUILDING
$3,065,000
Change: +27% · Conversion: Easy
RESTAURANT
$3,025,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,710,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,705,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$3.70M
Range $3.33M – $4.06M · ±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
$160 / 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
$69,332
Tax year 2023
Assessed value
$3,209,300
Assessed 2023
Previous assessed
$3,209,300
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$1,101,800
Assessed improvement
$2,107,500
Land market value
$1,101,800
Improvement market value
$2,107,500
Total market value
$3,209,300
Applied tax rate
1,101.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Total area
23,156 SF
Lot
5.15 ac (224,290 SF)
APN
155-171-001010
UPID
US46-1568988
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
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Lot
5.15 ac
Current owner
From public records · entity-resolved
John Chadwick Farms LLC
Entity
Free & Clear · 8 yrs held
Mailing address
16881 169TH AVE SE, BIG LAKE, MN 55309-4578
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
—
Jeffs Dream LLC
—
Deed
related
$3,100,000 · Sherburne State Bank
Mar 12, 2018
$28,500
John Chadwick Farms LLC
J X Bowers LLC
Warranty Deed
—
Oct 3, 2017
—
Jeffs Dream LLC
—
Deed
related
$679,000 · Private Individual
Feb 22, 2017
—
Jeffs Dream LLC
Moon Motor Sales INC
Warranty Deed
related
$2,200,000 · Sherburne St Bk
Dec 30, 2008
—
Jeffs Dream LLC
—
Trustees Deed
related
$3,540,000 · Highland Bank
Sep 18, 2007
—
Jeffs Dream LLC
—
Trustees Deed
related
$3,540,000 · Highland Bank
Aug 11, 2006
—
Jeffs Dream LLC
—
Trustees Deed
related
$250,000 · First Minnesota Bank NA
—
—
Jeffs Dream LLC
—
Deed Of Trust
related
$679,000 · Private Individual
—
—
Jeffs Dream LLC
—
Deed Of Trust
related
$1,552,000 · Central Minnesota Dev Co
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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