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Property profile & analytics
OFF-MARKET
Flex space
5850 Barthel Industrial NE Dr, Albertville, MN 55301-3984
Individually Owned
3-yr Hold
Free & Clear
Property ID
US46-0962435
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Construction
WOOD
Total area
8,544 SF
Lot
2.01 ac (87,643 SF)
APN
101-049-001010
UPID
US46-0962435
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
by Request
Owner & transaction history
Minnesota Business Finance Corporat · 3 yrs held
Minnesota Business Finance Corporat
since 2022
Last sale
$337,500
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 Albertville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albertville 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
$19,524
Tax year 2023
Assessed value
$817,100
Assessed 2023
Previous assessed
$817,100
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$295,500
Assessed improvement
$521,600
Land market value
$295,500
Improvement market value
$521,600
Total market value
$817,100
Applied tax rate
102.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
RADIANT
Buildings
2
Total area
8,544 SF
Lot
2.01 ac (87,643 SF)
APN
101-049-001010
UPID
US46-0962435
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
RADIANT
Buildings
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Minnesota Business Finance Corporat
Individual
Free & Clear · 3 yrs held
Mailing address
5850 BARTHEL INDUSTRIAL DR NE, ALBERTVILLE, MN 55301-3984
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
—
Minnesota Business Finance Corporat
G&w Properties LLC
Assignment Of Lease (leasehold Sale)
—
Sep 17, 2021
$337,500
G&w Properties LLC
David M Vetsch
Deed
$308,000 · Bankvista
Mar 20, 2006
$500
David M Vetsch
Vetsch,david M & Jeanne M
Quit Claim Deed
related
—
—
—
Vetsch David M & Jeanne M Trust
—
Deed Of Trust
related
$326,776 · Lake Community Bank
—
—
David M Vetsch
—
Deed Of Trust
related
$285,000 · Great Northern Bank
—
—
David M Vetsch
—
Deed Of Trust
related
$136,491 · Lake Community Bank
—
—
David M Vetsch
—
Deed Of Trust
related
$326,776 · Lake Community Bank
—
—
David M Vetsch
—
Deed Of Trust
related
$140,000 · Great Northern Bank
—
—
Vetsch,david M Trust
—
Deed Of Trust
related
$350,000 · Premier Bank Mn
—
—
David M Vetsch
—
Deed Of Trust
related
$100,000 · Great Northern Bank
—
—
David M Vetsch
—
Deed Of Trust
related
$77,319 · Lake Community Bank
—
—
Vetsch David M & Jeanne M Trust
—
Deed Of Trust
related
$150,000 · Great Northern Bank
—
—
Vetsch David M Trust
—
Deed Of Trust
related
$326,776 · Lake Community 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.
Try Rey
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