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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Commercial real estate
435 Main E St, Rice, MN 56367
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-1209643
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully leased, 8,250-square-foot retail shopping center located at 435 E Main St, Rice, MN 56367. The property, built in 1986, sits on a 100,140-square-foot lot and boasts a prime location directly off Highway 10, ensuring high visibility and accessibility. Currently housing two tenants with a 100% occupancy rate since June 9, 2023, this multi-tenant property offers stable rental income with long-term leases in place. The center features a single, one-story building with 30 parking spaces. The asking price is $1,599,000, translating to $193.82 per square foot. The property is zoned for Business Commercial use and operates under a NNN lease structure. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable Minnesota location. The Holiday gas station, one of the tenants, has a long-term lease agreement and will continue operations. This property offers a strong return on investment with its consistent rental income and strategic location.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Total area
4,200 SF
APN
15.00431.00
UPID
US46-1209643
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
-
Odam Medical Group Rural Health Medical Group Home Health Care Service
-
Circle K Gas Station
-
Westside Liquor of Rice (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Holiday Gas Station
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$775k
Owner & transaction history
Rw 1031 LLC · 4 yrs held
Rw 1031 LLC
since 2021
Last sale
$742,409
2 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 Rice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rice 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
$805,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $742k (Dec 8 2021)
Last sale anchor
$742k
Dec 8 2021
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
$185 / 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
$18,954
Tax year 2023
Assessed value
$739,700
Assessed 2023
Previous assessed
$690,700
+7.1% YoY
Effective rate
2.56%
On assessed value
Assessed land
$162,000
Assessed improvement
$577,700
Land market value
$162,000
Improvement market value
$577,700
Total market value
$739,700
Applied tax rate
1,501.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
45
Bathrooms
2
Total area
4,200 SF
APN
15.00431.00
UPID
US46-1209643
Jurisdiction
BENTON
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
45
Bathrooms
2
Current owner
From public records · entity-resolved
Rw 1031 LLC
Entity
Mailing address
13127 TACONITE CT NE, BLAINE, MN 55449-5382
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
—
Rw 1031 LLC
Rw Rice LLC
Quit Claim Deed
related
$1,000,000 · Northeast Bank
Dec 8, 2021
$742,409
A & E Yazbeck Properties LLC
Wendell Timmer
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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