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Property profile & analytics
OFF-MARKET
Retail space
509 3rd SE Ave, Pine City, MN 55063-1508
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-1285145
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1880
Construction
WOOD
Total area
1,104 SF
Lot
0.03 ac (1,176 SF)
APN
42.5153.001
UPID
US46-1285145
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
Empower Recovery Services LLC · 4 yrs held
Empower Recovery Services LLC
since 2021
Last sale
$80,000
4 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 Pine City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pine City 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,304
Tax year 2023
Assessed value
$51,300
Assessed 2023
Previous assessed
$51,300
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$11,900
Assessed improvement
$39,400
Land market value
$11,900
Improvement market value
$39,400
Total market value
$51,300
Applied tax rate
4,201.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1880
Construction
WOOD
Heating
BASEBOARD
Stories
1
Bathrooms
0
Total area
1,104 SF
Lot
0.03 ac (1,176 SF)
APN
42.5153.001
UPID
US46-1285145
Jurisdiction
PINE
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
1880
Construction
WOOD
Heating
BASEBOARD
Stories
1
Bathrooms
0
Lot
0.03 ac
Current owner
From public records · entity-resolved
Empower Recovery Services LLC
Entity
Mailing address
509 3RD AVE SE, PINE CITY, MN 55063-1508
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
—
Empower Recovery Services LLC
—
Deed
related
$93,754 · State Of Minnesota
Jul 22, 2021
$80,000
Empower Recovery Services LLC
M&m Mainstreet Properties LLC
Warranty Deed
$110,500 · Woodlands National Bank
Oct 17, 2013
$95,757
Frandsen Bank & Trust
Steven J Haavisto
Sheriffs Deed
related
—
Dec 30, 2005
$65,000
Steven Haavisto
Greg Gritz
Warranty Deed
$66,069 · The First National Bank Of Pine City
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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