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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Strip malls
574 Main N St Horace, ND 58047
Entity Owned
12-yr Hold
Free & Clear
Property ID
US56-0036169
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Total area
7,535 SF
APN
15-0770-00100-010
UPID
US56-0036169
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
$980k
Owner & transaction history
Enno Ents LLP · 12 yrs held
Enno Ents LLP
since 2014
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 Horace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horace 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$725,000
Change: 0% · Conversion: Moderate
WAREHOUSE, STORAGE
$715,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$635,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$620,000
Change: 0% · Conversion: Difficult
RESTAURANT
$595,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10%
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
$130 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,750
Tax year 2023
Assessed value
$654,850
Assessed 2023
Previous assessed
$602,550
+8.7% YoY
Effective rate
2.86%
On assessed value
Assessed land
$94,600
Assessed improvement
$560,250
Land market value
$189,200
Improvement market value
$1,120,500
Total market value
$1,309,700
Applied tax rate
6.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2020
Heating
NONE
Total area
7,535 SF
APN
15-0770-00100-010
UPID
US56-0036169
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$715,000
RETAIL STORES
Est. value
$635,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$620,000
RESTAURANT
Est. value
$595,000
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Current owner
From public records · entity-resolved
Enno Ents LLP
Entity
Free & Clear · 12 yrs held
Mailing address
590 1ST ST E, HORACE, ND 58047-4531
Ownership since
2014
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
Oct 7, 2020
—
Enno Enterprises LLP
—
Deed
related
$976,000 · Ramsey National Bank
Jun 25, 2014
$270,000
Enno Ents LLP
Rud,marlowe & Pamela J
Warranty Deed
—
Mar 16, 2012
—
Enno Ents LLP
State Bk & Trust
Warranty Deed
$64,000 · Ramsey National Bank
Aug 11, 2011
$185,095
State Bk & Trust
Sheriff Of Cass County
Trustees Deed
related
—
Apr 27, 2011
$185,095
State Bk & Trust
Sheriff Of Cass County
Trustees Deed
related
—
May 15, 2006
—
Bel Holdings LLC
—
Trustees Deed
related
$125,850 · State Bank & Trust
—
—
Bel Holdings LLC
—
Deed Of Trust
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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