Property profile

400 4th NW Ave Sleepy Eye, MN 56085

OFF-MARKET
Commercial real estate
Property ID
US46-2616274
26,551 SF 11.56 ac lot Built 1941
Individually Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1941
Total area 26,551 SF
Lot 11.56 ac (503,554 SF)
APN 002.045.006.27.300
UPID US46-2616274

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • High School
  • Physician
  • Physician
  • Pediatrician Physician
  • Pediatrician Physician

Location

400 4th NW Ave Sleepy Eye, MN 56085-1109
Sleepy Eye metro Census 960500 NEW ULM, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.39M

Owner & transaction history

since 2021
Last sale
$23,833
1 recorded transaction
2021
$23,833

Zoning & alternative use

Top alternative use upside
Office building $2.2M +59.2%
Industrial (general) $1.9M +33.9%
Warehouse, storage $1.7M +21.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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