New search
Property profile & analytics
FOR SALE
Commercial real estate
507 Main St, Tower, MN 55790
Entity Owned
7-yr Hold
Free & Clear
Property ID
US46-0732526
For Sale
1 / 41
$159,000
507 Main St, Tower, MN 55790
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
1,512 SF
APN
080-0010-02325
UPID
US46-0732526
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
Banks Estates LLC · 7 yrs held
Banks Estates LLC
since 2019
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 Tower submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tower 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
$1,588
Tax year 2024
Assessed value
$52,500
Assessed 2022
Previous assessed
$51,900
+1.2% YoY
Effective rate
3.02%
On assessed value
Assessed land
$4,200
Assessed improvement
$48,300
Land market value
$4,200
Improvement market value
$48,300
Total market value
$52,500
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
For Sale
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
2
Bathrooms
1
Total area
1,512 SF
APN
080-0010-02325
UPID
US46-0732526
Jurisdiction
ST LOUIS
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
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
2
Bathrooms
1
Current owner
From public records · entity-resolved
Banks Estates LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 379, TOWER, MN 55790-0379
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2019
$50,000
Banks Estates LLC
Williams,edward T & Debra K
Warranty Deed
—
Nov 3, 2015
$50,000
Banks Estates LLC
Williams,edward T
Dual Purpose Document
related
$50,000 · Edward T Williams
Dec 24, 2014
$50,000
Edward T|warner Debra K Williams
Abrahamson,ronald L
Grant Deed
—
Jan 30, 2013
$37,000
Ronald L Abrahamson
Chaulklin & Wagner Props LLC
Warranty Deed
$29,600 · Boundary Waters Bank
Feb 22, 2006
—
Chaulklin & Wagner Props LLC
Chaulklin,john R JR & Heather
Quit Claim Deed
related
$100,000 · Boundary Waters Bank
Feb 21, 2006
$80,000
John R Chaulklin JR.
Hill,jeffrey L
Warranty Deed
—
Apr 22, 2005
—
Jeffrey L Hill
Hill,mary A
Quit Claim Deed
related
—
Apr 13, 2005
—
Jeffrey L Hill
Hill,stanley J & Mary A
Quit Claim Deed
related
$61,000 · American Bank Of The North
—
—
Chaulklin & Wagner Props LLC
—
Deed Of Trust
related
—
—
—
Jeffrey L Hill
—
Deed Of Trust
related
$13,300 · American Bank Of The North
—
—
Chaulklin & Wagner Props LLC
—
Deed Of Trust
related
—
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?”
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.
