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Property profile & analytics
OFF-MARKET
Industrial properties
52 Langer S Ave Casselton, ND 58012-3351
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US56-0003113
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1938
Total area
9,182 SF
APN
03-1600-00688-000
UPID
US56-0003113
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
-
Casselton Cold Storage Take-out & Catering Butcher
-
Casselton Lumber Inc Big Box & Wholesale Store Building Supply
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
Casselton Holdings LLC · 9 yrs held
Casselton Holdings LLC
since 2016
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 Casselton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Casselton 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
$2,474
Tax year 2023
Assessed value
$70,450
Assessed 2023
Previous assessed
$57,350
+22.8% YoY
Effective rate
3.51%
On assessed value
Assessed land
$21,000
Assessed improvement
$49,450
Land market value
$42,000
Improvement market value
$98,900
Total market value
$140,900
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
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
1938
Heating
NONE
Buildings
3
Total area
9,182 SF
APN
03-1600-00688-000
UPID
US56-0003113
Jurisdiction
CASS
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
1938
Heating
NONE
Buildings
3
Current owner
From public records · entity-resolved
Casselton Holdings LLC
Entity
Mailing address
52 LANGER AVE S, CASSELTON, ND 58012-3351
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2021
—
Casselton Cold Storage INC
—
Deed
related
$260,000 · Banknorth Mortgage
Oct 9, 2020
—
Casselton Cold Storage INC
—
Deed
related
$260,000 · Banknorth Mortgage
Jul 29, 2020
—
Casselton Holdings LLC
—
Deed
related
$221,500 · First International Bank & Trust
Oct 13, 2016
—
Casselton Holdings LLC
—
Deed
related
$182,000 · First St Bk/nd
Oct 11, 2016
$162,624
Casselton Holdings LLC
Wildhorse Holdings LLC
Warranty Deed
—
Jun 3, 2015
$200,000
Casselton Holdings LLC
Wildhorse Holdings LLC
Grant Deed
related
—
May 9, 2008
—
Wildhorse Holdings LLC
Morris,brad & Kristi
Warranty Deed
related
$90,000 · First State Bank North Dakota
—
—
Wildhorse Holdings LLC
—
Deed Of Trust
related
$150,000 · First State Bank North Dakota
—
—
Casselton Holdings LLC
—
Deed Of Trust
related
$182,000 · First St Bk/nd
—
—
Wildhorse Holdings LLC
—
Deed Of Trust
related
$200,000 · First State Bank North Dakota
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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