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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Flex space
6693 County Rd 34th NW, Alexandria, MN 56308-9857
Individually Owned
4-yr Hold
Free & Clear
Property ID
US46-1185805
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2015
Total area
12,512 SF
Lot
119.57 ac (5,208,469 SF)
APN
12-1031-000
UPID
US46-1185805
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$565k
Owner & transaction history
Kim N Bredeson · 4 yrs held
Kim N Bredeson
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$915,000
+159.8%
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 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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$350,000
Current use
WAREHOUSE, STORAGE
$915,000
Change: +160% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$45 / 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
$41,448
Tax year 2023
Assessed value
$3,016,600
Assessed 2024
Previous assessed
$3,016,600
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$510,800
Assessed improvement
$2,505,800
Land market value
$510,800
Improvement market value
$2,505,800
Total market value
$3,016,600
Applied tax rate
4.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
5
Total area
12,512 SF
Lot
119.57 ac (5,208,469 SF)
APN
12-1031-000
UPID
US46-1185805
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
INDUSTRIAL (GENERAL) Current
Est. value
$350,000
WAREHOUSE, STORAGE
Est. value
$915,000
INDUSTRIAL (GENERAL) Current
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
2015
Heating
NONE
Buildings
5
Lot
119.57 ac
Current owner
From public records · entity-resolved
Kim N Bredeson
Individual
Free & Clear · 4 yrs held
Mailing address
6693 COUNTY RD 34TH NW, ALEXANDRIA, MN 56308-9857
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
—
Kim N Bredeson
—
Deed
related
$2,769,953 · Viking Bank NA
Feb 6, 2024
—
Kim N Bredeson
—
Deed
related
$350,000 · Bremer Bank NA
Oct 27, 2022
—
Kim N Bredeson
—
Deed
related
$637,000 · Bremer Bank NA
Jan 24, 2022
—
Kim N Bredeson
Ccw LLC
Warranty Deed
—
Jan 24, 2022
$1,311,500
Bold North Cellars LLC
Kim N Bredeson
Contract Sale
$1,311,500 · Not Available
Jan 15, 2021
—
Ccw LLC
Kim N Bredeson
Deed
$84,500 · Bremer Bank NA
May 8, 2019
—
Bredeson Family Revocable Living Tr
Kim N Bredeson
Deed
related
—
Dec 18, 2018
—
Ccw LLC
—
Deed
related
$500,000 · Bremer Bank NA
Jul 17, 2018
$138,000
Kim Bredeson
Robert G Johnson
Warranty Deed
$103,500 · Bremer Bank NA
Mar 28, 2008
$220,000
Ccw LLC
Rjdj LLC
Warranty Deed
$1,746,000 · Bremer Bank NA
Dec 15, 2006
—
Rjdj LLC
Robert G Johnson
Warranty Deed
—
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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