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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Auto shops
3887 Chelsea W Rd, Monticello, MN 55362-3332
Entity Owned
9-yr Hold
Free & Clear
Property ID
US46-1928941
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1978
Construction
WOOD
Total area
6,156 SF
Lot
5.97 ac (259,879 SF)
APN
155-225-001010
UPID
US46-1928941
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
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$966k
Blend (final)
Blend
$715k
Owner & transaction history
Spirit Realty LP · 9 yrs held
Spirit Realty LP
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$815,000
+13.1%
Restaurant
$805,000
+11.6%
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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$720,000
Current use
OFFICE BUILDING
$815,000
Change: +13% · Conversion: Difficult
RESTAURANT
$805,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$720,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$116 / 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
$27,906
Tax year 2023
Assessed value
$1,464,200
Assessed 2023
Previous assessed
$1,464,200
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,356,400
Assessed improvement
$107,800
Land market value
$1,356,400
Improvement market value
$107,800
Total market value
$1,464,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Buildings
2
Total area
6,156 SF
Lot
5.97 ac (259,879 SF)
APN
155-225-001010
UPID
US46-1928941
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
AUTO REPAIR, GARAGE Current
Est. value
$720,000
OFFICE BUILDING
Est. value
$815,000
RESTAURANT
Est. value
$805,000
RETAIL STORES
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$640,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
1978
Construction
WOOD
Heating
NONE
Buildings
2
Lot
5.97 ac
Current owner
From public records · entity-resolved
Spirit Realty LP
Entity
Free & Clear · 9 yrs held
Mailing address
250 PKWY DR STE #270, LINCOLNSHIRE, IL 60069-4346
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2017
$4,249,718
Spirit Realty LP
Frhp Lincolnshire LLC
Grant Deed
related
—
Nov 2, 2016
$1,750,000
Frhp Lincolnshire LLC
Maas Automotive Group LLC
Grant Deed
—
Jan 31, 2013
—
Maas Automotive Group LLC
—
Trustees Deed
related
$332,200 · Bank West
Jan 30, 2013
$350,000
Maas Automotive Group LLC
Cp Monticello I Re Holdco LLC
Grant Deed
—
Oct 21, 2009
$1,839,792
Chrysler Finl Svcs Americas L
Deputy Sheriff Of Wright County
Trustees Deed
related
—
Feb 25, 2004
$2,251,000
Jacob Holdings Of Monticello LLC
Carlson,carl D & Donna M
Warranty Deed
related
$1,818,750 · Daimlerchrysler Fin'l Svcs/ame
—
—
Jacob Holdings Of Monticello
—
Loan Modification
related
$1,818,750 · Daimler Chrysler Svcs/n Americ
—
—
Maas Automotive Group LLC
—
Deed Of Trust
related
$200,000 · Bankwest
—
—
Maas Automotive Group LLC
—
Deed Of Trust
related
$415,250 · Bank West
—
—
Maas Automotive Group LLC
—
Loan Modification
related
$250,000 · Bankwest
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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