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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Day care centers
701 1st St, Garretson, SD 57030-2195
Individually Owned
3-yr Hold
Free & Clear
Property ID
US79-0078813
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2018
Construction
FRAME
Total area
7,126 SF
Lot
0.63 ac (27,643 SF)
APN
23339
UPID
US79-0078813
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
-
Blue Dragon Academy Association / Organization Child Care Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$444k
Blend (final)
Blend
$635k
Owner & transaction history
Monjeet Basnet · 3 yrs held
Monjeet Basnet
since 2023
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$735,000
+48.5%
Restaurant
$660,000
+33.0%
Office building
$540,000
+9.3%
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 Garretson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garretson 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
$750,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$495,000
Current use
COMMERCIAL (GENERAL)
$735,000
Change: +49% · Conversion: Difficult
RESTAURANT
$660,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$540,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$490,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$435,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$410,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $600k (Jan 27 2023)
Last sale anchor
$600k
Jan 27 2023
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
$89 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,931
Tax year 2022
Assessed value
$626,800
Assessed 2022
Previous assessed
$685,900
-8.6% YoY
Effective rate
0.95%
On assessed value
Assessed land
$25,600
Assessed improvement
$601,200
Applied tax rate
55,494.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
7,126 SF
Lot
0.63 ac (27,643 SF)
APN
23339
UPID
US79-0078813
Jurisdiction
MINNEHAHA
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$735,000
RESTAURANT
Est. value
$660,000
OFFICE BUILDING
Est. value
$540,000
RETAIL STORES
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$490,000
MEDICAL BUILDING
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$410,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2018
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Monjeet Basnet
Individual
Free & Clear · 3 yrs held
Mailing address
1720 N PADDINGTON TRL, SIOUX FALLS, SD 57110-6426
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
$600,000
Monjeet Basnet
Enstad Builders INC
Warranty Deed
—
Dec 14, 2022
—
Garretson Childcare Corporation
—
Deed
related
$690,000 · Rural Electric Economic Development INC
Jun 27, 2022
—
Garretson Child Care Corporation
—
Deed
related
$690,000 · First Bank & Trust
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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