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Property profile & analytics
OFF-MARKET
Estimated value
$3,145,000
Retail space
4111 Cedar St, Monticello, MN 55362-4523
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0549733
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,844 SF
Lot
1.63 ac (70,872 SF)
APN
155-162-001010
UPID
US46-0549733
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
-
Heartland Tire (Bike/Boat/Book/etc) Store Auto Parts Store
-
Clark EssentialClean Monticello General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.03M
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$3.15M
Owner & transaction history
Cedar Ridge Investments LLC · 3 yrs held
Cedar Ridge Investments LLC
since 2022
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+13.3%
Restaurant
$2.2M
+11.8%
Auto repair, garage
$2.0M
+0.2%
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
$3,105,000
ML approach
$3,025,000
CAP Approach
CAP Return
Estimation
6%
$3,460,000
6.5%
$3,190,000
7%
$2,965,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,970,000
Current use
OFFICE BUILDING
$2,230,000
Change: +13% · Conversion: Easy
RESTAURANT
$2,200,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,975,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±10% · vs last sale $3.20M (Nov 7 2022)
Last sale anchor
$3.20M
Nov 7 2022
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
$187 / 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
$46,510
Tax year 2023
Assessed value
$2,417,500
Assessed 2023
Previous assessed
$2,417,500
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$782,500
Assessed improvement
$1,635,000
Land market value
$782,500
Improvement market value
$1,635,000
Total market value
$2,417,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
16,844 SF
Lot
1.63 ac (70,872 SF)
APN
155-162-001010
UPID
US46-0549733
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
RETAIL STORES Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
1.63 ac
Current owner
From public records · entity-resolved
Cedar Ridge Investments LLC
Entity
Mailing address
9216 RIVERVIEW DR, BECKER, MN 55308-8939
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$3,200,000
Cedar Ridge Investments LLC
Country Central Investments LLC
Warranty Deed
$2,435,112 · American Heritage National Bank
Mar 30, 2020
$500
Country Ctrl Invs LLC
Brendsel Richard W Trust
Grant Deed
—
Mar 27, 2020
$500
Country Ctrl Invs LLC
Albert Trust
Grant Deed
—
Dec 30, 2019
$500
Brendsel,richard W Trust
Country Ctrl Invs LLC
Quit Claim Deed
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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