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Property profile & analytics
OFF-MARKET
Turn key restaurants
419 Beltrami NW Ave, Bemidji, MN 56601-3152
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US46-2124764
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1961
Construction
WOOD
Total area
3,500 SF
Lot
0.08 ac (3,500 SF)
APN
80.01001.00
UPID
US46-2124764
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Speckleberry Properties LLC · 11 yrs held
Speckleberry Properties LLC
since 2015
7 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 Bemidji submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bemidji 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,300
Tax year 2024
Assessed value
$238,400
Assessed 2024
Previous assessed
$238,400
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$28,000
Assessed improvement
$210,400
Land market value
$28,000
Improvement market value
$210,400
Total market value
$238,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1961
Construction
WOOD
Buildings
2
Total area
3,500 SF
Lot
0.08 ac (3,500 SF)
APN
80.01001.00
UPID
US46-2124764
Jurisdiction
BELTRAMI
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
1961
Construction
WOOD
Buildings
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Speckleberry Properties LLC
Entity
Mailing address
419 BELTRAMI AVE NW, BEMIDJI, MN 56601-3152
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
—
Thai Orchid LLC
—
Deed
related
$95,000 · Headwaters Regional Finance Corp
Dec 10, 2018
—
Orchaid LLC
—
Deed
related
$488,000 · Security Bank USA
Oct 23, 2018
—
Thai Orchid LLC
—
Deed
related
$100,000 · Security Bank USA
Oct 26, 2017
—
Thai Orchid LLC
—
Deed
related
$100,000 · Security Bank USA
Mar 13, 2015
$106,000
Speckleberry Properties LLC
Dean Thompson
Warranty Deed
$100,000 · Security Bank USA
Jan 28, 2008
$72,021
Dean Thompson
Dewain L Thompson
Warranty Deed
related
—
Jan 25, 2005
$100,000
Dean Thompson
Dewain L Thompson
Contract Sale
$100,000 · Dewain Etus
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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