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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Auto shops
450 Cokato W St, Cokato, MN 55321-4834
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-1561894
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1985
Construction
STEEL FRAME
Total area
8,950 SF
Lot
1.02 ac (44,562 SF)
APN
105-500-331118
UPID
US46-1561894
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
-
Kingston Auto Auto Repair Shop
-
The Mexican Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$650k
Owner & transaction history
Sjh LLC · 1 yrs held
Sjh LLC
since 2024
Last sale
$650,000
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 Cokato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cokato 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,050,000
Current use
RETAIL STORES
$1,045,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$935,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Oct 1 2024)
Last sale anchor
$650k
Oct 1 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
$73 / 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
$10,266
Tax year 2023
Assessed value
$474,000
Assessed 2023
Previous assessed
$474,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$144,000
Assessed improvement
$330,000
Land market value
$144,000
Improvement market value
$330,000
Total market value
$474,000
Applied tax rate
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Total area
8,950 SF
Lot
1.02 ac (44,562 SF)
APN
105-500-331118
UPID
US46-1561894
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
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$935,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Lot
1.02 ac
Current owner
From public records · entity-resolved
Sjh LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 426, DASSEL, MN 55325-0426
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
Sjh LLC
Shawn M Hendrickson
Quitclaim Deed
related
—
Sep 29, 2023
$650,000
Shawn M Hendrickson
Derek C Lundeen
Warranty Deed
$520,000 · The First National Bank Of Cokato
Aug 5, 2016
—
Derek C Lundeen
—
Deed
related
—
Dec 30, 2015
—
Derek C Lundeen
—
Trustees Deed
related
$130,000 · First Nat'l Bk/cokato
Jun 17, 2015
$400,000
Derek C Lundeen
Lundeen,jonathan C & Julie
Grant Deed
related
$340,000 · First Nat'l Bk/cokato
Dec 19, 2007
$500
Lundeen Properties LLC
Lundeen,derek C & Brittany N
Quit Claim Deed
related
—
Jan 28, 2005
$135,000
Jonathan C Lundeen
Holt,gregory R & Debra
Warranty Deed
$100,000 · First National Bank
—
—
Lundeen Properties LLC
—
Loan Modification
related
$95,249 · First Nat'l Bk/cokato
—
—
Derek C Lundeen
—
Loan Modification
related
—
—
—
Lundeen Properties LLC
—
Deed Of Trust
related
$121,087 · First National Bank
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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