Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Bars & Pubs
505 Frontage NW Rd Byron, MN 55920-1275
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-1208316
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1980
Total area
7,853 SF
Lot
0.46 ac (19,820 SF)
APN
75.32.23.027082
UPID
US46-1208316
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
-
Insurance Brokers of MN Insurance Agency
-
American Legion Advocacy Group Social Service Agency
-
The Compadres Restaurant
-
Edward Jones Financial Advisor
-
Kathy's Chop Shop Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$391k
Blend (final)
Blend
$635k
Owner & transaction history
Ncarty Properties LLC · 2 yrs held
Ncarty Properties LLC
since 2023
Last sale
$690,000
5 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 Byron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Byron 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
$595,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $690k (Aug 16 2023)
Last sale anchor
$690k
Aug 16 2023
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
$81 / 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
$19,226
Tax year 2023
Assessed value
$525,500
Assessed 2022
Previous assessed
$183,400
+186.5% YoY
Effective rate
3.66%
On assessed value
Assessed land
$59,400
Assessed improvement
$466,100
Land market value
$59,400
Improvement market value
$466,100
Total market value
$525,500
Applied tax rate
2,001.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
REFRIGERATOR
Bathrooms
2
Total area
7,853 SF
Lot
0.46 ac (19,820 SF)
APN
75.32.23.027082
UPID
US46-1208316
Jurisdiction
OLMSTED
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
1980
Heating
NONE
Cooling
Yes
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Ncarty Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
416 BROADWAY AVE S #1, ROCHESTER, MN 55904-6403
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Ncarty Properties LLC
—
Deed
related
$51,000 · F & M Community Bank NA
Aug 16, 2023
$690,000
Ncarty Properties LLC
Clear Grit LLC
Warranty Deed
—
Sep 13, 2016
$450,000
Elroy Bessler
Rlj Properties LLC
Warranty Deed
$139,000 · First Security Bank
Jan 21, 2015
$200,000
Clear Grit LLC
Sjm Enterprises LLC
Warranty Deed
—
Oct 21, 2010
$200,000
Sjm Enterprises LLC
Sumner R Hair Post #119 American Le
Warranty Deed
$150,000 · Ssterling State 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Frontage NW Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
