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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Office buildings
780 Main St, Pine Island, MN 55963-9135
Entity Owned
9-yr Hold
Free & Clear
Property ID
US46-1831512
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
18,856 SF
Lot
3.97 ac (172,933 SF)
APN
68.120.0020
UPID
US46-1831512
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
-
M & M Lawn & Leisure Car Dealership Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Mc Burns Properties LLC · 9 yrs held
Mc Burns Properties LLC
since 2016
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 Pine Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pine Island 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
$63 / 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
$52,142
Tax year 2023
Assessed value
$1,430,400
Assessed 2023
Previous assessed
$1,430,400
+0.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$346,200
Assessed improvement
$1,084,200
Land market value
$346,200
Improvement market value
$1,084,200
Total market value
$1,430,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
4
Stories
1
Total area
18,856 SF
Lot
3.97 ac (172,933 SF)
APN
68.120.0020
UPID
US46-1831512
Jurisdiction
GOODHUE
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
1970
Heating
NONE
Stories
1
Buildings
4
Lot
3.97 ac
Current owner
From public records · entity-resolved
Mc Burns Properties LLC
Entity
Free & Clear · 9 yrs held
Mailing address
21193 COUNTY RD 25, WINONA, MN 55987-4679
Ownership since
2016
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
May 25, 2023
—
Mc Burns Properties LLC
—
Deed
related
$500,000 · Merchants Bank NA
Oct 6, 2021
—
Mc Burns Properties LLC
—
Deed
related
$340,630 · Merchants Bank
Nov 29, 2016
—
Mc Burns Properties LLC
Michael P Burns
Deed
—
Feb 11, 2013
$500,000
Michael P Burns
Zwank LLC
Warranty Deed
—
Feb 11, 2013
$207,500
Zwank LLC
Wendall Zwart Trust Agreement
Trustees Deed
related
—
Nov 3, 2005
$135,000
Wendell Zwart
Progressive Tool & Manuf Co
Intrafamily Transfer
related
—
Nov 3, 2005
$207,500
Zwank LLC
Wendell Zwart
Intrafamily Transfer
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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