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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Grocery and convenience stores
40419 Elbow Lk Store Rd, Waubun, MN 56589-9326
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-2061510
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1936
Construction
FRAME
Total area
1,136 SF
Lot
42.7 ac (1,860,012 SF)
Zoning code
COMMERCIAL
APN
250177000
UPID
US46-2061510
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
-
Big Elbow Lake Lodge and Campground LLP Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Daniel A Beckman · 2 yrs held
Daniel A Beckman
since 2024
Last sale
$575,000
5 recorded transactions
Zoning & alternative use
COMMERCIAL · Waubun, 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 Waubun submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waubun 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
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Jul 3 2024)
Last sale anchor
$575k
Jul 3 2024
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
$506 / 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
$4,612
Tax year 2023
Assessed value
$531,500
Assessed 2023
Previous assessed
$455,300
+16.7% YoY
Effective rate
0.87%
On assessed value
Assessed land
$198,800
Assessed improvement
$332,700
Land market value
$198,800
Improvement market value
$332,700
Total market value
$531,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1936
Construction
FRAME
Heating
PROPANE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
1,136 SF
Lot
42.7 ac (1,860,012 SF)
Zoning code
COMMERCIAL
APN
250177000
UPID
US46-2061510
Jurisdiction
BECKER
Zoning & alternative use
COMMERCIAL · Waubun, MN
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Waubun, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waubun. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1936
Construction
FRAME
Heating
PROPANE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
42.7 ac
Current owner
From public records · entity-resolved
Daniel A Beckman
Individual
Mailing address
40419 ELBOW LK STORE RD SE, WAUBUN, MN 56589-9326
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 3, 2024
—
Daniel A Beckman
Erin Bement
Quit Claim Deed
related
—
Jul 3, 2024
$575,000
Round Lake Real Estate LLC
Daniel A Beckman
Warranty Deed
—
Jun 20, 2022
$3,000
Daniel A Beckman
Daniel A Beckman
Quit Claim Deed
related
—
Jun 8, 2021
$475,000
Daniel A Beckman
Roger L Nelson
Warranty Deed
—
Jul 16, 2014
—
Roger L Nelson
Roger L Nelson
Intrafamily Transfer
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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