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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Strip malls
605 Hwy 55th E, Buffalo, MN 55313-1795
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-1072582
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Construction
STEEL FRAME
Total area
12,594 SF
Lot
1.52 ac (66,168 SF)
APN
103-198-002010
UPID
US46-1072582
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
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Monty Realty LLC · 4 yrs held
Monty Realty LLC
since 2021
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+107.6%
Commercial (general)
$1.4M
+98.9%
Restaurant
$1.4M
+96.3%
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 Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo 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
$1,155,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Current use
OFFICE BUILDING
$1,450,000
Change: +108% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,390,000
Change: +99% · Conversion: Easy
RESTAURANT
$1,370,000
Change: +96% · Conversion: Difficult
MEDICAL BUILDING
$1,095,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$710,000
Change: +2% · Conversion: Easy
INDUSTRIAL (GENERAL)
$680,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $975k (Aug 16 2021)
Last sale anchor
$975k
Aug 16 2021
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
$84 / 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
$23,332
Tax year 2023
Assessed value
$974,300
Assessed 2023
Previous assessed
$974,300
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$586,000
Assessed improvement
$388,300
Land market value
$586,000
Improvement market value
$388,300
Total market value
$974,300
Applied tax rate
301.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1966
Construction
STEEL FRAME
Heating
NONE
Total area
12,594 SF
Lot
1.52 ac (66,168 SF)
APN
103-198-002010
UPID
US46-1072582
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$700,000
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$825,000
RETAIL STORES
Est. value
$710,000
INDUSTRIAL (GENERAL)
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1966
Construction
STEEL FRAME
Heating
NONE
Lot
1.52 ac
Current owner
From public records · entity-resolved
Monty Realty LLC
Entity
Free & Clear · 4 yrs held
Mailing address
160 83RD AVE NE STE #104, FRIDLEY, MN 55432-1846
Ownership since
2021
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
Aug 16, 2021
$975,000
Monty Realty LLC
Annandale Business Campus LLC
Warranty Deed
—
Nov 6, 2020
$975,000
Monty Realty LLC
Annandale Business Campus LLC
Grant Deed
—
Oct 23, 2020
—
Annandale Business Campus LLC
—
Deed
related
—
Oct 30, 2012
—
Annandale Business Campus LLC
Buffalo Crossroads LLC
Quit Claim Deed
related
—
Oct 16, 2007
$500
Buffalo Crossroads LLC
Annandale Business Campus LLC
Quit Claim Deed
related
—
Nov 20, 2006
$550,000
Annandale Business Campus LLC
Rgr Investments LLC
Warranty Deed
$650,000 · Bremer Bk
—
—
Annandale Business Campus LLC
—
Loan Modification
related
—
—
—
Annandale Business Campus LLC
—
Loan Modification
related
—
—
—
Annandale Business Campus LLC
—
Loan Modification
related
—
—
—
Annandale Business Campus LLC
—
Loan Modification
related
—
—
—
Annandale Business Campus LLC
—
Deed Of Trust
related
$100,000 · Bremer Bk
—
—
Annandale Business Campus LLC
—
Deed Of Trust
related
—
—
—
Annandale Business Campus 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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