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Property profile & analytics
OFF-MARKET
Industrial properties
700 Pellet Ave, Keewatin, MN 55753-3331
Entity Owned
7-yr Hold
Free & Clear
Property ID
US46-2321969
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
0.92 ac (40,075 SF)
APN
92-445-0120
UPID
US46-2321969
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Evergreen Industries INC · 7 yrs held
Evergreen Industries INC
since 2019
7 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 Keewatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keewatin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,714
Tax year 2024
Assessed value
$142,900
Assessed 2022
Previous assessed
$125,700
+13.7% YoY
Effective rate
4.00%
On assessed value
Assessed land
$22,600
Assessed improvement
$120,300
Land market value
$22,600
Improvement market value
$120,300
Total market value
$142,900
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Lot
0.92 ac (40,075 SF)
APN
92-445-0120
UPID
US46-2321969
Jurisdiction
ITASCA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
0.92 ac
Current owner
From public records · entity-resolved
Evergreen Industries INC
Entity
Free & Clear · 7 yrs held
Mailing address
1875 50TH ST E, INVER GROVE HEIGHTS, MN 55077-1269
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2019
—
Evergreen Industries INC
Hammerlund Properties LLC
Warranty Deed
—
Jun 3, 2016
—
Hammerlund Properties LLC
—
Deed
related
$600,000 · Ultima Bank NA
Apr 26, 2016
—
Hammerlund Properties LLC
Hammerlund Partnership
Intrafamily Transfer
related
—
Jan 4, 2013
$140,000
Hammerlund Partnership
Patrick Kapella
Warranty Deed
—
Oct 17, 2012
$140,000
Hammerlund Partnership
Patrick Kapella
Contract Sale
$65,000 · Patrick Kapella Etal
Jul 13, 2005
—
Patrick Kapella
Patrick Kapella
Intrafamily Transfer
related
$224,000 · Jpmorgan Chase Bank NA
Feb 10, 2005
—
Patrick Kapella
City Of Keewatin
Quit Claim Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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