New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
High-rise multifamily apartments
750 Paul Bunyan NW Dr, Bemidji, MN 56601-2403
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-2216653
Property summary
AI-generated overview
This exceptional 1.02-acre commercial property located at 750 Paul Bunyan Drive NW, Bemidji, Minnesota, 56601 presents a unique investment opportunity. The property boasts a substantial 11,290 square foot building, currently configured for automotive service, and entirely vacant as of September 30, 2024. The building features three garage/service doors – two measuring 18 feet wide by 12 feet high, and one 10 feet by 10 feet – along with a shared, secure loading dock. This versatile space offers significant potential for a variety of commercial uses. Beyond the main service area, an additional 5,610 square feet of space is available, suitable for retail or warehouse/storage purposes. The property is zoned for Business/Commercial use and includes ample parking with 46 spaces. Built in 1960, this property benefits from a high-traffic location just off Paul Bunyan Drive NW, with frontage on Delton Avenue NW, directly across from Country Kitchen. The Beltrami County location provides easy access to major transportation routes and a thriving local market. The property's size, location, and existing infrastructure make it an ideal candidate for redevelopment or continued use as a commercial space. The APN is TBD.
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1960
Construction
WOOD
Total area
1,200 SF
Lot
1.33 ac (57,896 SF)
APN
80.00078.00
UPID
US46-2216653
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
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
750 Paul Bunyan LLC · 1 yrs held
750 Paul Bunyan LLC
since 2025
Last sale
$1.6M
2 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 Bemidji submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bemidji 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
$1,375,000
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.60M (May 28 2025)
Last sale anchor
$1.60M
May 28 2025
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
$1,246 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$22,520
Tax year 2024
Assessed value
$851,400
Assessed 2024
Previous assessed
$851,400
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$522,700
Assessed improvement
$328,700
Land market value
$522,700
Improvement market value
$328,700
Total market value
$851,400
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
RADIANT
Buildings
2
Stories
2
Total area
1,200 SF
Lot
1.33 ac (57,896 SF)
APN
80.00078.00
UPID
US46-2216653
Jurisdiction
BELTRAMI
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
Year built
1960
Construction
WOOD
Heating
RADIANT
Stories
2
Buildings
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
750 Paul Bunyan LLC
Entity
Mailing address
3801 BEMIDJI AVE N STE #1, BEMIDJI, MN 56601-4236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
$1,595,000
750 Paul Bunyan LLC
Steven W Hill
Warranty Deed
$1,790,000 · Wings Financial Cu
Jan 7, 2019
—
S & J Group Limited Liability Partn
Steven W Hill
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 750 Paul Bunyan NW Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
