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Property profile & analytics
OFF-MARKET
Commercial real estate
518 1st St, Princeton, MN 55371-1604
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0341170
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Total area
5,168 SF
APN
24-040-0300
UPID
US46-0341170
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
-
Balance In Body Massage and Pain Therapy LLC Alternative Medicine Practice Spa & Massage Center
-
Betabfit Personal Training Physical Fitness Program Consultant
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
Brent Properties LLC · 1 yrs held
Brent Properties LLC
since 2024
Last sale
$260,000
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 Princeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princeton 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
$3,802
Tax year 2023
Assessed value
$156,400
Assessed 2023
Previous assessed
$163,000
-4.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$15,700
Assessed improvement
$140,700
Land market value
$15,700
Improvement market value
$140,700
Total market value
$156,400
Applied tax rate
24.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1985
Heating
NONE
Total area
5,168 SF
APN
24-040-0300
UPID
US46-0341170
Jurisdiction
MILLE LACS
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
NONE
Current owner
From public records · entity-resolved
Brent Properties LLC
Entity
Mailing address
32865 DOLPHIN ST NW, PRINCETON, MN 55371-4918
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
$260,000
Brent Properties LLC
Betabfit Personal Training & Consul
Warranty Deed
$210,000 · Minnco Cu
Jul 27, 2020
$43,000
Betabfit Personal Training & Consul
Sherburne State Bank
Warranty Deed
$34,400 · Sherburne State Bank
Mar 8, 2019
$145,000
Sherburne State Bank
Rj Limited LLC
Warranty Deed
—
Jun 8, 2017
—
Rj Limited LLC
—
Deed
related
$188,000 · State Bank Of Aitkin
Jun 20, 2016
—
Rj Limited LLC
Bank Of Elk River
Warranty Deed
—
Mar 4, 2010
$288,939
The Bank Of Elk River
James E Rosenlund
Sheriffs Deed
related
—
Jul 8, 2008
$253,000
James E Rosenlund
John M Oliver
Warranty Deed
$268,191 · The Bank Of Elk River
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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