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Property profile & analytics
OFF-MARKET
Estimated value
$2,710,000
Commercial real estate
402 Main N St Stillwater, MN 55082-5026
Entity Owned
9-yr Hold
Free & Clear
Property ID
US46-0864465
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1898
Total area
41,808 SF
Lot
1.56 ac (68,084 SF)
APN
28-030-20-13-0166
UPID
US46-0864465
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
-
Stillwater Art Guild Gallery Art Gallery
-
Victoriano's Pizza Restaurant
-
The Goodery Specialty Food Shop (Bike/Boat/Book/etc) Store
-
The Hive House (Bike/Boat/Book/etc) Store Photography Service
-
Uncommon Movement: Pilates, GYROTONIC® & Fitness Studio Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$2.71M
Owner & transaction history
Elevage Hotel Group LLC · 9 yrs held
Elevage Hotel Group LLC
since 2017
5 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 Stillwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stillwater 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±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
$65 / 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
$65,296
Tax year 2023
Assessed value
$2,253,400
Assessed 2022
Previous assessed
$2,238,400
+0.7% YoY
Effective rate
2.90%
On assessed value
Assessed land
$1,047,000
Assessed improvement
$1,206,400
Land market value
$1,047,000
Improvement market value
$1,206,400
Total market value
$2,253,400
Applied tax rate
7,601.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1898
Heating
NONE
Buildings
1
Total area
41,808 SF
Lot
1.56 ac (68,084 SF)
APN
28-030-20-13-0166
UPID
US46-0864465
Jurisdiction
WASHINGTON
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
1898
Heating
NONE
Buildings
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Elevage Hotel Group LLC
Entity
Free & Clear · 9 yrs held
Mailing address
10245 PERKINS AVE N, STILLWATER, MN 55082-9227
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2017
—
Elevage Hotel Group LLC
Stillwater Caves LLC
Grant Deed
—
Oct 17, 2016
—
Abs Co
Brine,john L III & Theresa
Warranty Deed
—
Sep 14, 2016
$1,680,000
Elevage Hotel Group LLC
Luna Rossa INC
Grant Deed
—
Jan 4, 2007
$1,200,000
Rose A Luna
402 Main Street LLC
Warranty Deed
—
Jul 20, 2006
$275,000
Stillwater Inv Property 1 LLC
402 Main Street LLC
Warranty Deed
—
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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