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Property profile & analytics
FOR LEASE
Office buildings
9766 Fallon Ave, Monticello, MN 55362
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-0308455
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For Lease
$1,660,000
9766 Fallon Ave, Monticello, MN 55362
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
19,255 SF
Lot
3.15 ac (137,258 SF)
APN
155-131-001010
UPID
US46-0308455
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
-
GO Mortgage - Monticello Bank Credit Union
-
CLA (CliftonLarsonAllen) Tax Preparation
-
Kelsey Strub Physician
-
Jessica Steinmetz Marriage Or Relationship Counselor
-
Hospice of the Midwest - Monticello Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.66M
Owner & transaction history
Boser Family Limited Partnership · 6 yrs held
Boser Family Limited Partnership
since 2020
Last sale
$1.7M
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 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
$1,505,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,550,000
Current use
RESTAURANT
$2,515,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,255,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$2,250,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±10% · vs last sale $1.65M (Apr 21 2020)
Last sale anchor
$1.65M
Apr 21 2020
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
$86 / 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
$39,234
Tax year 2023
Assessed value
$1,997,800
Assessed 2023
Previous assessed
$1,997,800
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$412,200
Assessed improvement
$1,585,600
Land market value
$412,200
Improvement market value
$1,585,600
Total market value
$1,997,800
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2005
Construction
WOOD
Heating
NONE
Buildings
2
Total area
19,255 SF
Lot
3.15 ac (137,258 SF)
APN
155-131-001010
UPID
US46-0308455
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
$2.6M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING Current
RESTAURANT
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
2005
Construction
WOOD
Heating
NONE
Buildings
2
Lot
3.15 ac
Current owner
From public records · entity-resolved
Boser Family Limited Partnership
Entity
Free & Clear · 6 yrs held
Mailing address
117 5TH AVE S, SAINT CLOUD, MN 56301-3642
Ownership since
2020
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
Apr 21, 2020
—
Boser Family Limited Partnership
Corner Properties LLC
Quit Claim Deed
related
—
Dec 5, 2019
—
Boser Family LP
—
Deed
related
$1,621,491 · Platinum Bk
Oct 3, 2017
$1,650,000
Boser Family Limited Partnership
Corner Properties LLC
Warranty Deed
—
Apr 4, 2016
$1,200,000
Corner Properties LLC
Riverwood Bk
Warranty Deed
$960,000 · Riverwood Bk
Sep 24, 2009
$2,187,188
Riverwood Bk
Deputy Sheriff Of Wright County
Trustees Deed
related
—
Feb 24, 2009
—
Mjc Properties LLC
—
Trustees Deed
related
$2,115,000 · Riverwood Bank
Nov 5, 2008
—
Mjc Properties LLC
—
Trustees Deed
related
$25,862 · Reliance Electric INC
Jun 12, 2008
—
Mjc Properties LLC
—
Trustees Deed
related
$2,115,000 · First Federal Savings Bank
Feb 22, 2008
—
Mjc Properties LLC
—
Trustees Deed
related
$30,000 · First Federal Savings Bank
Jul 24, 2007
—
Mjc Properties LLC
—
Trustees Deed
related
$14,000 · First Federal Savings Bank
May 23, 2007
—
Mjc Properties LLC
—
Trustees Deed
related
$86,000 · First Federal Savings Bank
Apr 25, 2006
—
Mjc Properties LLC
—
Trustees Deed
related
$250,000 · First Federal Savings Bank
—
—
Boser Family LP
—
Deed Of Trust
related
$1,621,491 · Platinum Bk
—
—
Mjc Properties LLC
—
Deed Of Trust
related
$1,650,000 · First Federal Savings Bank
—
—
Mjc Properties LLC
—
Deed Of Trust
related
$90,000 · First Federal Savings Bank
—
—
Mjc Properties LLC
—
Deed Of Trust
related
$120,000 · First Federal Savings Bank
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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