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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
501 Riverfront Dr, Mankato, MN 56001-3450
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-1873365
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
3,780 SF
Lot
0.09 ac (3,731 SF)
APN
R01.09.07.406.009
UPID
US46-1873365
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
-
CARE Counseling Mankato Medical Clinic
-
Willow Brook Cooperative Living Retirement Community
-
Goetzke Group Realty Real Estate Agency
-
Bradford Development Construction Company General Contractor
-
Meyer Steve Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$765k
Owner & transaction history
501 N Riverfront LLC · 1 yrs held
501 N Riverfront LLC
since 2024
Last sale
$810,000
6 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 Mankato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mankato 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
$820,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$485,000
Current use
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $810k (Jun 27 2024)
Last sale anchor
$810k
Jun 27 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
$202 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$17,772
Tax year 2024
Assessed value
$773,600
Assessed 2024
Previous assessed
$713,300
+8.5% YoY
Effective rate
2.30%
On assessed value
Assessed land
$24,300
Assessed improvement
$749,300
Land market value
$24,300
Improvement market value
$749,300
Total market value
$773,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Heating
NONE
Stories
2
Total area
3,780 SF
Lot
0.09 ac (3,731 SF)
APN
R01.09.07.406.009
UPID
US46-1873365
Jurisdiction
BLUE EARTH
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
OFFICE BUILDING Current
Est. value
$485,000
OFFICE BUILDING Current
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
2009
Heating
NONE
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
501 N Riverfront LLC
Entity
Mailing address
7601 WAYZATA BLVD, MINNEAPOLIS, MN 55426-1623
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$810,000
501 N Riverfront LLC
501 Riverfront LLC
Warranty Deed
$567,000 · Entrebank
Jun 9, 2023
—
501 Riverfront LLC
—
Deed
related
$596,250 · Htlf Bank
Jun 20, 2022
$718,339
Troy Krahmer
Riverfront Bldg LLC
Warranty Deed
$500,000 · Community Bank Mankato
Feb 1, 2019
—
Riverfront Bldg LLC
—
Deed
related
$100,000 · Community Bank Mankato
Aug 7, 2017
—
Riverfront Building LLC
—
Deed
related
$200,000 · Community Bank Mankato
Sep 3, 2008
$139,900
Steven L Meyer
Bradford G Bass
Warranty Deed
$315,000 · 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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