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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Office buildings
54090 Loren Dr, Mankato, MN 56001-6257
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-3237289
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Total area
3,000 SF
Lot
2.83 ac (123,275 SF)
APN
R50.08.19.400.011
UPID
US46-3237289
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
-
A & E Construction Supply Co Big Box & Wholesale Store Agricultural Supply
-
A&E CONSTRUCTION SUPPLY INC Agricultural Supply
-
A & E Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$775k
Owner & transaction history
Aj Construction Of Southern Minneso · 5 yrs held
Aj Construction Of Southern Minneso
since 2020
Last sale
$800,000
5 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 Mankato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mankato 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
$1,020,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$550,000
7%
$515,000
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $800k (Dec 17 2020)
Last sale anchor
$800k
Dec 17 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
$258 / 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
$19,146
Tax year 2024
Assessed value
$863,300
Assessed 2024
Previous assessed
$807,700
+6.9% YoY
Effective rate
2.22%
On assessed value
Assessed land
$100,400
Assessed improvement
$762,900
Land market value
$100,400
Improvement market value
$762,900
Total market value
$863,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1961
Heating
NONE
Stories
1
Total area
3,000 SF
Lot
2.83 ac (123,275 SF)
APN
R50.08.19.400.011
UPID
US46-3237289
Jurisdiction
BLUE EARTH
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
1961
Heating
NONE
Stories
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Aj Construction Of Southern Minneso
Individual
Mailing address
54090 LOREN DR, MANKATO, MN 56001-6257
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2023
—
Aj Construction Of Southern Minneso
—
Deed
related
$400,000 · First Merchants Bank Minnesota
Dec 17, 2020
$800,000
Aj Construction Of Southern Minneso
Robert W Manske
Warranty Deed
$800,000 · First National Bank Mn
May 26, 2020
$1,200,000
Andrew Manske
Robert W Manske
Deed
related
—
Sep 27, 2012
$340,000
Robert W Manske
Cemstone Products Company
Warranty Deed
—
Apr 24, 2007
$336,000
Cemstone Products Co
Brick Properties LLC
Warranty Deed
—
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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