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Property profile & analytics
OFF-MARKET
Estimated value
$4,170,000
Day care centers
705 Hwy 55th E, Buffalo, MN 55313-1705
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-2859682
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,086 SF
Lot
2.37 ac (103,411 SF)
APN
103-249-000030
UPID
US46-2859682
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
$3.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.17M
Owner & transaction history
Store Master Funding Xi LLC · 2 yrs held
Store Master Funding Xi LLC
since 2023
Last sale
$4.3M
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 Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo 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
$4,015,000
ML approach
$3,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,540,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.17M
Range $3.75M – $4.59M · ±10% · vs last sale $4.25M (Dec 20 2023)
Last sale anchor
$4.25M
Dec 20 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
$189 / 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
$61,824
Tax year 2023
Assessed value
$2,461,200
Assessed 2023
Previous assessed
$2,461,200
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$768,600
Assessed improvement
$1,692,600
Land market value
$768,600
Improvement market value
$1,692,600
Total market value
$2,461,200
Applied tax rate
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
22,086 SF
Lot
2.37 ac (103,411 SF)
APN
103-249-000030
UPID
US46-2859682
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
Est. value
$2.5M
OFFICE BUILDING
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
2.37 ac
Current owner
From public records · entity-resolved
Store Master Funding Xi LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8800 N GAINEY CTR DR STE #300, SCOTTSDALE, AZ 85258-2165
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
$4,250,000
Store Master Funding Xi LLC
Store Master Funding Xv LLC
Warranty Deed
—
Dec 20, 2023
—
Store Master Funding Xi LLC
Store Master Funding Xv LLC
Assignment Of Lease (leasehold Sale)
—
Sep 6, 2019
$3,870,967
Store Master Funding Xv LLC
Lil Explorers Prop Buffalo LLC
Correction Deed
related
—
Sep 6, 2019
—
Store Master Funding Xv LLC
Lil Explorers Properties Buffalo Ll
Re-recorded Document
related
$4,250,000 · Citibank NA
Dec 29, 2016
—
Lil Explorers Props Buffalo L
—
Deed
related
$1,584,000 · State Bk/delano
Dec 31, 2014
$1,150,000
Lil Explorers Props Buffalo L
Wagener Properties LLC
Grant Deed
$1,199,905 · State Bk/delano
—
—
Lil Explorers Props Buffalo L
—
Loan Modification
related
$959,824 · State Bk/delano
—
—
Lil Explorers Props Buffalo L
—
Loan Modification
related
$1,584,000 · State Bk/delano
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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