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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Warehouses
591 Northside NE Dr, Alexandria, MN 56308
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-1339655
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Total area
10,188 SF
Lot
1.93 ac (84,071 SF)
APN
63-6077-000
UPID
US46-1339655
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
$1.22M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.13M
Owner & transaction history
Cut Up Properties LLC · 1 yrs held
Cut Up Properties LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+45.1%
Restaurant
$1.3M
+29.2%
Retail stores
$1.1M
+8.5%
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 Alexandria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alexandria 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%
$1,320,000
6.5%
$1,215,000
7%
$1,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,010,000
Current use
COMMERCIAL (GENERAL)
$1,460,000
Change: +45% · Conversion: Difficult
RESTAURANT
$1,300,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$1,095,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$110 / 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
$20,264
Tax year 2023
Assessed value
$891,200
Assessed 2024
Previous assessed
$891,200
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$151,000
Assessed improvement
$740,200
Land market value
$151,000
Improvement market value
$740,200
Total market value
$891,200
Applied tax rate
1.0000
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
2014
Heating
NONE
Total area
10,188 SF
Lot
1.93 ac (84,071 SF)
APN
63-6077-000
UPID
US46-1339655
Jurisdiction
DOUGLAS
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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2014
Heating
NONE
Lot
1.93 ac
Current owner
From public records · entity-resolved
Cut Up Properties LLC
Entity
Mailing address
4610 W LATOKA LN E, ALEXANDRIA, MN 56308-9308
Ownership since
2024
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
Sep 4, 2025
—
Cut Up Properties LLC
—
Deed
related
$151,531 · City Of Alexandria
Aug 7, 2025
—
Cut Up Properties LLC
—
Deed
related
$151,531 · Viking Bank NA
Oct 30, 2024
—
Cut Up Properties LLC
Jtdm Alexandria Property LLC
Land Contract
$150,000 · West Central Initiative
Jan 10, 2023
$4,500,000
Jtdm Alexandria Property LLC
Denel Properties LLC
Limited Warranty Deed
$1,187,608 · Viking Bank NA
Jan 10, 2023
—
Jtdm Alexandria Property LLC
—
Deed
related
$900,000 · Viking Bank NA
Feb 24, 2006
$305,000
North Branch Business Plaza L L C
Wells Fargo Bank N A
Deed
—
Feb 24, 2006
—
North Branch Business Plaza L L C
Wells Fargo Bank N A
Quit Claim Deed
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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