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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Manufacturing properties
7546 Central Lks Rd, Eveleth, MN 55734-8593
Entity Owned
12-yr Hold
Free & Clear
Property ID
US46-0664424
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2015
Construction
WOOD FRAME
Total area
9,412 SF
Lot
38.63 ac (1,682,723 SF)
APN
690-0010-05500
UPID
US46-0664424
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
$575k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Mcraes Ideal Storage LLC · 12 yrs held
Mcraes Ideal Storage LLC
since 2014
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 Eveleth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eveleth 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%
$620,000
6.5%
$575,000
7%
$530,000
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
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
$75 / 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
$14,316
Tax year 2024
Assessed value
$559,200
Assessed 2022
Previous assessed
$238,200
+134.8% YoY
Effective rate
2.56%
On assessed value
Assessed land
$37,400
Assessed improvement
$521,800
Land market value
$37,400
Improvement market value
$521,800
Total market value
$559,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2015
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
1
Total area
9,412 SF
Lot
38.63 ac (1,682,723 SF)
APN
690-0010-05500
UPID
US46-0664424
Jurisdiction
ST LOUIS
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
2015
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
38.63 ac
Current owner
From public records · entity-resolved
Mcraes Ideal Storage LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1686 MELRUDE RD, COTTON, MN 55724-8236
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2021
—
Mcrae S Idean Storage LLC
—
Deed
related
$360,000 · Frandsen Bank & Trust
Apr 8, 2021
—
Mcraes Ideal Storage LLC
—
Deed
related
$65,000 · Frandsen Bank & Trust
Oct 14, 2020
—
Mcraes Ideal Storage LLC
—
Deed
related
—
May 15, 2019
—
Mcraes Ideal Storage LLC
—
Deed
related
$115,456 · Frandsen Bk&tr
Apr 22, 2014
—
Mcraes Ideal Storage LLC
Mcrae,richard J & Jennifer J
Quit Claim Deed
related
—
Nov 13, 2013
—
Richard J Mcrae
—
Trustees Deed
related
$152,000 · Frandsen Bank & Trust
Dec 19, 2012
$19,000
Richard J Mcrae
Markkanen Reino J
Grant Deed
—
Dec 19, 2012
—
Reino J Markkanen
Markkanen,mary E
Affidavit Of Death
related
—
—
—
Mcraes Ideal Storage LLC
—
Loan Modification
related
$115,456 · Frandsen Bk&tr
—
—
Mcraes Ideal Storage LLC
—
Deed Of Trust
related
$137,000 · Frandsen Bk&tr
—
—
Mcraes Ideal Storage LLC
—
Loan Modification
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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