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Property profile & analytics
OFF-MARKET
Estimated value
$3,605,000
Commercial real estate
600 2nd W St, Jordan, MN 55352-1213
Individually Owned
7-yr Hold
Free & Clear
Property ID
US46-1137788
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
29,383 SF
Lot
9.08 ac (395,525 SF)
APN
22-919014-0
UPID
US46-1137788
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
-
Wolf Motors Ford Car Dealership
-
Wolf Motor Co., Inc. Service Auto Repair Shop
-
Quick Lane at Wolf Motors Auto Repair Shop
-
Wolf Motors Car Dealership Auto Repair Shop
-
Wolf Motor Co., Inc. Parts Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
$3.47M
Blend (final)
Blend
$3.61M
Owner & transaction history
David J Wolf · 7 yrs held
David J Wolf
since 2019
4 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 Jordan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jordan 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%
$4,695,000
6.5%
$4,335,000
7%
$4,025,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,080,000
Current use
INDUSTRIAL (GENERAL)
$2,510,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$3.61M
Range $3.24M – $3.97M · ±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
$123 / 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
$92,170
Tax year 2024
Assessed value
$2,967,500
Assessed 2024
Previous assessed
$2,773,300
+7.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$988,700
Assessed improvement
$1,978,800
Land market value
$988,700
Improvement market value
$1,978,800
Total market value
$2,967,500
Applied tax rate
1,701.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Heating
FLOOR/WALL FURNACE
Bathrooms
1
Total area
29,383 SF
Lot
9.08 ac (395,525 SF)
APN
22-919014-0
UPID
US46-1137788
Jurisdiction
SCOTT
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
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
2000
Heating
FLOOR/WALL FURNACE
Bathrooms
1
Lot
9.08 ac
Current owner
From public records · entity-resolved
David J Wolf
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 128, JORDAN, MN 55352-0128
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2019
$500
David J Wolf
Wolf Laura I Living Trust
Grant Deed
related
—
Sep 17, 2015
—
David J Wolf
Wolf,werner M
Affidavit Of Death
related
$2,500,000 · Hometown Bk
Jul 28, 2006
—
Werner M Wolf
Wolf,werner M & Laura I
Quit Claim Deed
related
—
—
—
Laura I Wolf
—
Loan Modification
related
$2,800,000 · Hometown Bk
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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