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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Industrial properties
901 Victory Dr Mankato, MN 56001-5300
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-1923910
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Total area
4,080 SF
Lot
3.89 ac (169,448 SF)
APN
R43.09.21.177.001
UPID
US46-1923910
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
-
Jay's Outdoor Equipment and Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Growth Holdings LLC · 3 yrs held
Growth Holdings LLC
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$375,000
+187.6%
Office building
$365,000
+179.0%
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 Mankato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mankato 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
$575,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$400,000
6.5%
$370,000
7%
$340,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$375,000
Change: +188% · Conversion: Easy
OFFICE BUILDING
$365,000
Change: +179% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $600k (Nov 18 2022)
Last sale anchor
$600k
Nov 18 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
$145 / 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
$6,512
Tax year 2024
Assessed value
$361,800
Assessed 2024
Previous assessed
$356,800
+1.4% YoY
Effective rate
1.80%
On assessed value
Assessed land
$275,600
Assessed improvement
$86,200
Land market value
$275,600
Improvement market value
$86,200
Total market value
$361,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
4,080 SF
Lot
3.89 ac (169,448 SF)
APN
R43.09.21.177.001
UPID
US46-1923910
Jurisdiction
BLUE EARTH
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
WAREHOUSE, STORAGE
Est. value
$375,000
OFFICE BUILDING
Est. value
$365,000
WAREHOUSE, STORAGE
OFFICE 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
1960
Heating
NONE
Stories
1
Lot
3.89 ac
Current owner
From public records · entity-resolved
Growth Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
530 S FRNT ST STE #100, MANKATO, MN 56001-3850
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
Victory Mankato LLC
—
Deed
related
$9,020,000 · United Praire Bank
Jan 4, 2023
—
Growth Holdings LLC
—
Deed
related
$150,000 · Community Bank Mankato
Nov 18, 2022
$600,000
Growth Holdings LLC
Shupe 901 LLC
Warranty Deed
—
Nov 18, 2022
$350,000
Shupe 901 LLC
Stanley Trust
Deed
—
Jan 25, 2018
—
Stanley Trust
Roger W Stanley
Deed
—
Jan 2, 2018
—
Stanley Trust
Roger W Stanley
Quit Claim Deed
related
—
Apr 24, 2012
$14,500
Blue Earth County
Roger W Stanley
Corporation Deed
—
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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