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Property profile & analytics
OFF-MARKET
Warehouses
504 Railroad Ave, Delano, MN 55328-8745
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1610750
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
CONCRETE
Total area
5,500 SF
Lot
0.34 ac (15,028 SF)
APN
107-016-002030
UPID
US46-1610750
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
Terry L Swanson · 1 yrs held
Terry L Swanson
since 2024
Last sale
$202,145
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 Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano 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
$2,836
Tax year 2024
Assessed value
$162,600
Assessed 2024
Previous assessed
$162,600
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$67,600
Assessed improvement
$95,000
Land market value
$67,600
Improvement market value
$95,000
Total market value
$162,600
Applied tax rate
701.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
NONE
Total area
5,500 SF
Lot
0.34 ac (15,028 SF)
APN
107-016-002030
UPID
US46-1610750
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
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Terry L Swanson
Individual
Free & Clear · 1 yrs held
Mailing address
5103 106TH ST SE, DELANO, MN 55328-8305
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
Aug 13, 2024
$202,145
Terry L Swanson
Arlene Litfin
Warranty Deed
—
Nov 6, 2019
$500
City Of Delano
Olive Evangelical Luther Mount
Quit Claim Deed
related
—
May 2, 2017
—
Arlene A Litfin
City Of Delano
Quit Claim Deed
related
—
Feb 18, 2009
$500
Arlene A Litfin
Glen Litfin Transfer & Excavat
Grant Deed
related
—
Feb 18, 2009
—
Arlene A Litfin
Litfin,glen E
Affidavit Of Death
related
—
Feb 2, 2004
$202,148
Terry Swanson
Litfin,glen
Grant 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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