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Property profile & analytics
OFF-MARKET
Estimated value
$6,470,000
Office buildings
6800 Electric Dr Rockford, MN 55373-9386
Individually Owned
5-yr Hold
Free & Clear
Property ID
US46-1312097
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,616 SF
Lot
30.54 ac (1,330,322 SF)
APN
113-026-001010
UPID
US46-1312097
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
by Request
CAP Approach
CAP
$6.75M
Comparable Approach
Comparable
$7.36M
Blend (final)
Blend
$6.47M
Owner & transaction history
Martin A Verhoven · 5 yrs held
Martin A Verhoven
since 2021
Last sale
$24,200
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 Rockford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockford 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%
$7,310,000
6.5%
$6,745,000
7%
$6,265,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,585,000
Current use
RESTAURANT
$4,525,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,055,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$4,045,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$6.47M
Range $5.82M – $7.12M · ±10% · vs last sale $24k (Dec 31 2020)
Last sale anchor
$24k
Dec 31 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
$187 / 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
$137,592
Tax year 2023
Assessed value
$9,305,600
Assessed 2023
Previous assessed
$9,305,600
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,293,000
Assessed improvement
$8,012,600
Land market value
$1,293,000
Improvement market value
$8,012,600
Total market value
$9,305,600
Applied tax rate
1,301.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Total area
34,616 SF
Lot
30.54 ac (1,330,322 SF)
APN
113-026-001010
UPID
US46-1312097
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
OFFICE BUILDING Current
Est. value
$4.6M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Lot
30.54 ac
Current owner
From public records · entity-resolved
Martin A Verhoven
Individual
Free & Clear · 5 yrs held
Mailing address
6800 ELECTRIC DR, ROCKFORD, MN 55373-9386
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
$500
Martin A Verhoven
Martin A Verhoven
Quit Claim Deed
related
—
Dec 31, 2020
$24,200
Martin Verhoven
Wright-hennepin Cooperative El
Warranty Deed
—
Sep 28, 2011
—
Wright-hennepin Cooperative El
—
Deed Of Trust
related
$25,000,000 · Cobank Acb
—
—
Wright-hennepin Cooperative El
—
Deed Of Trust
related
$1,271,333 · Cobank Acb
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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