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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Warehouses
836 Industrial Park SE Dr Lonsdale, MN 55046-4015
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-1233609
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
8,000 SF
Lot
2.55 ac (111,078 SF)
APN
19.25.3.51.008
UPID
US46-1233609
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
$2.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.46M
Owner & transaction history
Hanks Mini Storage LLC · 3 yrs held
Hanks Mini Storage LLC
since 2022
Last sale
$2.8M
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 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
$2,235,000
ML approach
$2,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±10% · vs last sale $2.75M (Oct 12 2022)
Last sale anchor
$2.75M
Oct 12 2022
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
$308 / 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
$18,930
Tax year 2024
Assessed value
$703,800
Assessed 2024
Previous assessed
$703,800
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$196,100
Assessed improvement
$507,700
Land market value
$196,100
Improvement market value
$507,700
Total market value
$703,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
3
Stories
1
Total area
8,000 SF
Lot
2.55 ac (111,078 SF)
APN
19.25.3.51.008
UPID
US46-1233609
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
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Stories
1
Buildings
3
Lot
2.55 ac
Current owner
From public records · entity-resolved
Hanks Mini Storage LLC
Entity
Mailing address
621 INDUSTRIAL DR SE, LONSDALE, MN 55046-4013
Ownership since
2022
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
Jul 18, 2025
—
Hanks Mini Storage LLC
—
Deed
related
$350,000 · Old National Bank
Oct 12, 2022
$2,751,000
Hanks Mini Storage LLC
Lonsdale Mini Storage LLC
Warranty Deed
—
Sep 14, 2018
—
Lonsdale Mini-storage LLC
—
Deed
related
$850,000 · Frandsen Bk&tr
Aug 30, 2018
—
Lonsdale Mini-storage LLC
—
Trustees Deed
related
$50,000 · Frandsen Bk&tr
Aug 20, 2018
—
Lonsdale Mini-storage LLC
—
Deed
related
$578,448 · Frandsen Bk&tr
Sep 15, 2016
—
Lonsdale Mini-storage LLC
—
Deed
related
$578,448 · Frandsen Bk&tr
Apr 17, 2014
$101,988
Lonsdale Mini Storage
City Of Lonsdale
Warranty Deed
related
$112,000 · Frandsen Bk&tr
—
—
Lonsdale Mini Storage LLC
—
Deed Of Trust
related
$436,000 · Frandsen Bk&tr
—
—
Lonsdale Mini-storage LLC
—
Deed Of Trust
related
$578,448 · Frandsen Bk&tr
—
—
Lonsdale Mini-storage LLC
—
Loan Modification
related
$578,448 · Frandsen Bk&tr
—
—
Lonsdale Mini-storage LLC
—
Loan Modification
related
$850,000 · 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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