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Property profile & analytics
OFF-MARKET
Warehouses
5781 Queens NE Ave, Otsego, MN 55330-6457
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US46-0630674
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
WOOD
Total area
2,400 SF
Lot
3.61 ac (157,034 SF)
APN
118-802-022104
UPID
US46-0630674
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
-
Canvas Craft (Bike/Boat/Book/etc) Store
-
Colonial Storage Storage Facility
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
Colonial Property Mgmt LLC · 12 yrs held
Colonial Property Mgmt LLC
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 Otsego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otsego 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
$21,504
Tax year 2023
Assessed value
$1,058,200
Assessed 2023
Previous assessed
$1,058,200
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$652,200
Assessed improvement
$406,000
Land market value
$652,200
Improvement market value
$406,000
Total market value
$1,058,200
Applied tax rate
3,001.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
SPACE
Buildings
5
Total area
2,400 SF
Lot
3.61 ac (157,034 SF)
APN
118-802-022104
UPID
US46-0630674
Jurisdiction
WRIGHT
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
1997
Construction
WOOD
Heating
SPACE
Buildings
5
Lot
3.61 ac
Current owner
From public records · entity-resolved
Colonial Property Mgmt LLC
Entity
Mailing address
5781 QUEENS AVE NE, OTSEGO, MN 55330-6457
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
Feb 14, 2014
$600,000
Colonial Property Mgmt LLC
Zions First Natl Bk
Grant Deed
$375,000 · Bank Of Elk River
Dec 27, 2012
$460,147
Zions First Natl Bk
Deputy Sheriff Of Wright Cnty
Trustees Deed
related
—
—
—
Colonial Property Mgmt LLC
—
Loan Modification
related
$346,800 · Bank Of Elk River
—
—
Colonial Property Mgmt LLC
—
Loan Modification
related
$433,400 · Bank Of Elk River
—
—
Colonial Property Mgmt LLC
—
Deed Of Trust
related
$361,000 · Minnesota Busn Fin
—
—
Colonial Prop Mgmt LLC
—
Loan Modification
related
$431,187 · Bank Of Elk River
—
—
David A Melanson
—
Deed Of Trust
related
$125,000 · Great Northern Bank
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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