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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Industrial properties
9749 Hart Blvd, Monticello, MN 55362-7605
Individually Owned
1-yr Hold
Free & Clear
Property ID
US46-0486052
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2005
Construction
STEEL FRAME
Total area
6,301 SF
Lot
1.79 ac (78,103 SF)
APN
155-086-006010
UPID
US46-0486052
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
-
Rally Gear - Monticello Textile Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$543k
Blend (final)
Blend
$735k
Owner & transaction history
Jason W Kisner · 1 yrs held
Jason W Kisner
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+62.2%
Restaurant
$825,000
+60.1%
Auto repair, garage
$740,000
+43.5%
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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$515,000
Current use
OFFICE BUILDING
$835,000
Change: +62% · Conversion: Difficult
RESTAURANT
$825,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: +43% · Conversion: Easy
RETAIL STORES
$735,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$655,000
Change: +28% · Conversion: Difficult
WAREHOUSE, STORAGE
$510,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$117 / 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
$18,927
Tax year 2023
Assessed value
$647,800
Assessed 2023
Previous assessed
$647,800
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$283,700
Assessed improvement
$364,100
Land market value
$283,700
Improvement market value
$364,100
Total market value
$647,800
Applied tax rate
1,101.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Total area
6,301 SF
Lot
1.79 ac (78,103 SF)
APN
155-086-006010
UPID
US46-0486052
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
INDUSTRIAL (GENERAL) Current
Est. value
$515,000
OFFICE BUILDING
Est. value
$835,000
RESTAURANT
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$740,000
RETAIL STORES
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$655,000
WAREHOUSE, STORAGE
Est. value
$510,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2005
Construction
STEEL FRAME
Heating
NONE
Lot
1.79 ac
Current owner
From public records · entity-resolved
Jason W Kisner
Individual
Free & Clear · 1 yrs held
Mailing address
9749 HART BLVD, MONTICELLO, MN 55362-7605
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 30, 2024
—
Jason W Kisner
Hana Properties LLC
Lease
—
Apr 2, 2024
$775,000
Haha Properties LLC
Geraid S Paulson
Warranty Deed
$398,000 · Bankvista
Sep 7, 2018
—
Gerald Samuel Paulson
—
Deed
related
$400,000 · Ultima Bank Minnesota
Sep 26, 2005
—
Gerald S Paulson
—
Trustees Deed
related
$10,430 · Klein Bank
Nov 29, 2004
$265,000
Paulson,gerald S & Jamie A
Residential Dev INC
Warranty Deed
$351,955 · Preferred Bk
—
—
Jamie A Paulson
—
Loan Modification
related
$286,523 · Klein Bk
—
—
Gerald S Paulson
—
Deed Of Trust
related
$302,000 · Central Minnesota Dev Co
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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