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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Grocery and convenience stores
607 Hwy 55th E Maple Lake, MN 55358-4598
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-1882551
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1962
Construction
STEEL FRAME
Total area
16,070 SF
Lot
2.3 ac (100,057 SF)
APN
110-057-001020
UPID
US46-1882551
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
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.07M
Owner & transaction history
Ske INC · 5 yrs held
Ske INC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+98.9%
Restaurant
$1.6M
+84.4%
Medical building
$1.4M
+56.8%
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 Maple Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maple Lake 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
$1,005,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Current use
COMMERCIAL (GENERAL)
$1,770,000
Change: +99% · Conversion: Easy
RESTAURANT
$1,640,000
Change: +84% · Conversion: Difficult
MEDICAL BUILDING
$1,395,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: +52% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,280,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$990,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.10M (Sep 28 2020)
Last sale anchor
$1.10M
Sep 28 2020
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
$67 / 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
$26,240
Tax year 2023
Assessed value
$1,150,700
Assessed 2023
Previous assessed
$1,150,700
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$573,900
Assessed improvement
$576,800
Land market value
$573,900
Improvement market value
$576,800
Total market value
$1,150,700
Applied tax rate
1,001.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
NONE
Total area
16,070 SF
Lot
2.3 ac (100,057 SF)
APN
110-057-001020
UPID
US46-1882551
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
$890,000
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1962
Construction
STEEL FRAME
Heating
NONE
Lot
2.3 ac
Current owner
From public records · entity-resolved
Ske INC
Entity
Mailing address
3536 CRESTMOOR DR, WOODBURY, MN 55125-5028
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
Ske INC
—
Deed
related
$752,800 · United States Small Business Admin
Jan 26, 2021
—
Ske INC
—
Deed
related
$300,000 · Central Minnesota Cu
Sep 28, 2020
$1,100,000
Ske INC
Churchill Investments LLC
Warranty Deed
$815,000 · Central Minnesota Cu
Jan 30, 2020
—
Churchill Investments LLC
—
Deed
related
$150,000 · Bankwest
Aug 14, 2013
—
Churchill Investments LLC
Churchill Investments LLC
Quit Claim Deed
related
$1,200,000 · Bank West
—
—
Churchill Investments LLC
—
Deed Of Trust
related
$1,000,000 · Klein Bk
—
—
Churchill Investments LLC
—
Loan Modification
related
$167,653 · First Mn Bk
—
—
Churchill Investments LLC
—
Deed Of Trust
related
$120,810 · First Mn Bk
—
—
Ske INC
—
Deed Of Trust
related
$815,000 · Central Mn Cu
—
—
Ske INC
—
Deed Of Trust
related
$508,000 · Minnesota Busn Fin
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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