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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
8740 77th NE St, Otsego, MN 55362-4321
Entity Owned
8-yr Hold
Free & Clear
Property ID
US46-2958499
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
3,772 SF
Lot
10.38 ac (452,240 SF)
APN
118-315-001010
UPID
US46-2958499
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
-
Red Rock Fire LLC Fire Station
-
HD Clearing Equipment (Bike/Boat/Book/etc) Store Rental Equipment Company
-
MNL Sustainability Organization Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$600k
Owner & transaction history
Iip-mn 1 LLC · 8 yrs held
Iip-mn 1 LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$845,000
+68.9%
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 Otsego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otsego 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
$420,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Current use
COMMERCIAL (GENERAL)
$845,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$440,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$440,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$159 / 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
$24,322
Tax year 2023
Assessed value
$1,077,300
Assessed 2023
Previous assessed
$1,077,300
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$356,300
Assessed improvement
$721,000
Land market value
$356,300
Improvement market value
$721,000
Total market value
$1,077,300
Applied tax rate
3,003.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2008
Heating
STEAM
Cooling
REFRIGERATOR
Total area
3,772 SF
Lot
10.38 ac (452,240 SF)
APN
118-315-001010
UPID
US46-2958499
Jurisdiction
WRIGHT
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
OFFICE BUILDING Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$440,000
RETAIL STORES
Est. value
$440,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2008
Heating
STEAM
Cooling
Yes
Lot
10.38 ac
Current owner
From public records · entity-resolved
Iip-mn 1 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
8740 77TH ST NE, OTSEGO, MN 55362-4321
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
S R LLC
—
Deed
related
$700,000 · Gateway Bank Fsb
Dec 14, 2020
—
SR LLC
—
Deed
related
$258,000 · First Nat'l Bk/milaca
Sep 11, 2019
—
SR LLC
—
Deed
related
$5,799 · First Nat'l Bk/milaca
Dec 13, 2017
—
SR LLC
—
Deed
related
$258,000 · First Nat'l Bk/milaca
Nov 9, 2017
$392,000
Iip-mn 1 LLC
S R LLC
Warranty Deed
—
Aug 28, 2015
—
S R LLC
Joseph P Schaffer
Quit Claim Deed
related
—
Apr 17, 2015
—
2k Health LLC
—
Deed Of Trust
related
$500,000 · Stearns Bk
Oct 2, 2014
—
2k Health LLC
—
Deed Of Trust
related
$1,000,000 · Stearns Bk
Sep 8, 2014
—
Joseph P Schaffer
S R LLC
Quit Claim Deed
related
$27,300 · First National Bank Of Milaca
—
—
SR LLC
—
Loan Modification
related
$5,799 · First Nat'l Bk/milaca
—
—
2k Health LLC
—
Loan Modification
related
—
—
—
2k Health LLC
—
Loan Modification
related
—
—
—
2k Health LLC
—
Loan Modification
related
—
—
—
SR LLC
—
Deed Of Trust
related
$258,000 · First Nat'l Bk/milaca
—
—
SR LLC
—
Loan Modification
related
$258,000 · First Nat'l Bk/milaca
—
—
SR LLC
—
Loan Modification
related
$960,782 · First Nat'l Bk/milaca
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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