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Property profile & analytics
FOR SALE
Grocery and convenience stores
620 Dutch Lake Dr, Howard Lake, MN 55349
Entity Owned
Free & Clear
Property ID
US46-1150202
For Sale
1 / 3
$1,300,000
620 Dutch Lake Dr, Howard Lake, MN 55349
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Total area
13,595 SF
Lot
1.46 ac (63,598 SF)
APN
109-500-031410
UPID
US46-1150202
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
-
Shazam Atm Atm
-
PRO FUEL Gas Station
-
Minnoco Gas Station
-
The Pit Stop Gas Station
-
Mocha Moose Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$655k
Owner & transaction history
Harvest Bank
Harvest Bank
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+43.5%
Industrial (general)
$905,000
+20.1%
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 Howard Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Howard 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
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Current use
AUTO REPAIR, GARAGE
$1,080,000
Change: +44% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$905,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$48 / 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
$18,636
Tax year 2023
Assessed value
$1,222,800
Assessed 2023
Previous assessed
$1,222,800
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$163,100
Assessed improvement
$1,059,700
Land market value
$163,100
Improvement market value
$1,059,700
Total market value
$1,222,800
Applied tax rate
901.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
For Sale
Year built
1998
Heating
NONE
Total area
13,595 SF
Lot
1.46 ac (63,598 SF)
APN
109-500-031410
UPID
US46-1150202
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
$755,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$905,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
1998
Heating
NONE
Lot
1.46 ac
Current owner
From public records · entity-resolved
Harvest Bank
Entity
Free & Clear · 0 yrs held
Mailing address
620 DUTCH LK DR STE #600, HOWARD LAKE, MN 55349-5446
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
—
Harvest Bank
Dsr Land LLC
Quitclaim Deed
related
—
Aug 24, 2021
—
Dsr Land LLC
—
Deed
related
$2,091,000 · Citizens State Bank Of Waverly INC
May 3, 2019
—
Hl Pit Stop LLC
—
Deed
related
$200,000 · Dooley's Petroleum INC
Feb 1, 2018
—
Dsr Land LLC
—
Deed
related
$214,000 · Minnesota Busn Fin
Jul 19, 2017
$440,000
Dsr Land LLC
Brk Enterprises LLC
Warranty Deed
—
Jun 8, 2016
$440,000
Dsr Land LLC
Brk Ents LLC
Dual Purpose Document
related
$300,000 · Brk Ents LLC
—
—
Brk Ents LLC
—
Loan Modification
related
—
—
—
Hl Pit Stop LLC
—
Deed Of Trust
related
$200,000 · Dooley's Petroleum INC
—
—
Brk Ents LLC
—
Deed Of Trust
related
—
—
—
Brk Ents LLC
—
Deed Of Trust
related
—
—
—
Dsr Land LLC
—
Deed Of Trust
related
$340,000 · Citizens St Bk/cropsey
—
—
Dsr Land LLC
—
Deed Of Trust
related
$214,000 · Minnesota Busn Fin
—
—
Brk Ents LLC
—
Deed Of Trust
related
—
—
—
Brk Ents LLC
—
Deed Of Trust
related
$110,000 · Security State Bank Howard Lak
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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