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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Manufacturing properties
512 Broadway N St Jordan, MN 55352-1339
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-1299075
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Total area
19,666 SF
Lot
1.87 ac (81,457 SF)
APN
22-919004-0
UPID
US46-1299075
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
-
Fertimix Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$484k
Blend (final)
Blend
$525k
Owner & transaction history
Sand Creek Properties LLC · 6 yrs held
Sand Creek Properties LLC
since 2020
Last sale
$500,000
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 Jordan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jordan 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
$540,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $500k (Apr 23 2020)
Last sale anchor
$500k
Apr 23 2020
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
$27 / 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
$25,826
Tax year 2024
Assessed value
$903,200
Assessed 2024
Previous assessed
$885,500
+2.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$249,900
Assessed improvement
$653,300
Land market value
$249,900
Improvement market value
$653,300
Total market value
$903,200
Applied tax rate
1,701.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Total area
19,666 SF
Lot
1.87 ac (81,457 SF)
APN
22-919004-0
UPID
US46-1299075
Jurisdiction
SCOTT
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
1985
Heating
FORCED AIR
Lot
1.87 ac
Current owner
From public records · entity-resolved
Sand Creek Properties LLC
Entity
Mailing address
22325 BASELINE BLVD, JORDAN, MN 55352-5702
Ownership since
2020
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
Apr 23, 2020
$500
Sand Creek Properties LLC
Gerald D Klegstad
Quit Claim Deed
related
—
Apr 23, 2020
$500,000
Americ Properties LLC
Sand Creek Properties LLC
Warranty Deed
$208,585 · Frandsen Bk&tr
Oct 26, 2015
—
Sand Creek Properties LLC
Klegstad,gerald D & Lucy A
Quit Claim Deed
related
$186,000 · Frandsen Bk&tr
Sep 18, 2006
$200,000
Gerald D Klegstad
Sand Creek Properties LLC
Warranty Deed
—
Jun 13, 2005
$285,000
Sand Creek Properties LLC
Fertimix INC
Warranty Deed
—
—
—
Sand Creek Properties LLC
—
Loan Modification
related
—
—
—
Sand Creek Properties LLC
—
Loan Modification
related
—
—
—
Sand Crk Properties LLC LLC
—
Deed Of Trust
related
$100,000 · Frandsen Bk&tr
—
—
Sand Creek Properties LLC
—
Loan Modification
related
$265,000 · Fidelity Bk
—
—
Sand Creek Properties LLC
—
Deed Of Trust
related
$341,687 · Klegstad Daren L (es)
—
—
Sand Creek Properties LLC
—
Loan Modification
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.
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