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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Manufacturing properties
830 Industrial Park SE Dr Lonsdale, MN 55046-4015
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-1478064
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Total area
15,120 SF
Lot
2.87 ac (125,017 SF)
APN
19.25.3.51.009
UPID
US46-1478064
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
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
3 Rivers Lonsdale LLC · 2 yrs held
3 Rivers Lonsdale LLC
since 2023
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+32.2%
Restaurant
$2.1M
+28.5%
Warehouse, storage
$1.8M
+8.5%
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 Lonsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lonsdale 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
$1,315,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,665,000
Current use
COMMERCIAL (GENERAL)
$2,200,000
Change: +32% · Conversion: Difficult
RESTAURANT
$2,135,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,805,000
Change: +9% · Conversion: Easy
RETAIL STORES
$1,650,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,415,000
Change: -15% · Conversion: Easy
MEDICAL BUILDING
$1,345,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.43M (Nov 20 2023)
Last sale anchor
$1.43M
Nov 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
$91 / 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
$19,092
Tax year 2024
Assessed value
$709,400
Assessed 2024
Previous assessed
$709,400
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$210,000
Assessed improvement
$499,400
Land market value
$210,000
Improvement market value
$499,400
Total market value
$709,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
15,120 SF
Lot
2.87 ac (125,017 SF)
APN
19.25.3.51.009
UPID
US46-1478064
Jurisdiction
RICE
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL 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
2006
Heating
NONE
Stories
1
Lot
2.87 ac
Current owner
From public records · entity-resolved
3 Rivers Lonsdale LLC
Entity
Mailing address
823 INDUSTRIAL PARK DR SE, LONSDALE, MN 55046-4017
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$1,425,000
3 Rivers Lonsdale LLC
Blue Eagle Properties LLC
Warranty Deed
$739,760 · Frandsen Bank & Trust
Jun 9, 2020
—
Blue Eagle Properties LLC
—
Deed
related
$820,000 · Frandsen Bk&tr
Jun 5, 2015
$530,000
Blue Eagle Properties LLC
Peoples Bk Of Commerce
Grant Deed
—
Oct 8, 2014
$512,854
Peoples Bk Of Commerce
Deputy Sheriff Of Rice County
Trustees Deed
related
—
—
—
Blue Eagle Properties LLC
—
Deed Of Trust
related
$880,000 · Frandsen Bk&tr
—
—
Blue Eagle Properties LLC
—
Deed Of Trust
related
$820,000 · Frandsen Bk&tr
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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