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Property profile & analytics
OFF-MARKET
Industrial land
Hibbing, MN 55746
Trust Owned
Free & Clear
Property ID
US46-1627683
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
40 ac (1,742,400 SF)
APN
140-0280-00021
UPID
US46-1627683
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Louise Koon Velie Irrevocable Trust
Louise Koon Velie Irrevocable Trust
since 2026
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 Hibbing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hibbing 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$540
Tax year 2024
Assessed value
$49,400
Assessed 2022
Previous assessed
$39,700
+24.4% YoY
Effective rate
1.09%
On assessed value
Assessed land
$49,400
Land market value
$49,400
Total market value
$49,400
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
40 ac (1,742,400 SF)
APN
140-0280-00021
UPID
US46-1627683
Jurisdiction
ST LOUIS
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
Heating
NONE
Lot
40 ac
Current owner
From public records · entity-resolved
Louise Koon Velie Irrevocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
200 PUBLIC SQ #330, CLEVELAND, OH 44114-2316
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
45 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
$500
Louise Koon Velie Irrevocable Trust
Velie Edward
Quitclaim Deed
related
—
Feb 2, 2026
—
Susan James Moore
Charles V James 1998 Trust
Deed
—
Jan 27, 2025
—
Christine Burdett Glidewell
Caroline Irene Macdonald
Deed
—
Jan 8, 2025
—
Caroline Carrie Irene Macdonald
Caroline Carrie Irene Macdonald
Deed
related
—
May 12, 2023
—
Eric H Stevens
Murray T Stevens JR
Intrafamily Transfer
related
—
Feb 22, 2023
—
Kathryn Grace James
Kathryn Grace James
Intrafamily Transfer
related
—
Jan 12, 2023
—
Trust Agreement Of Donald & Va Ross
Pamela A Ross Loftis
Deed Of Distribution
—
Dec 16, 2022
—
Laura Williamschen
Thomas P Sexton
Deed Of Distribution
—
Oct 24, 2022
—
Donna May Theisen
Donna May Theisen
Deed Of Distribution
related
—
Aug 24, 2022
—
Jean P Frigon
Jean P Frigon
Intrafamily Transfer
related
—
Apr 5, 2022
—
Shane Stolarcek
Susan M Stolarcek
Transfer On Death Deed
related
—
Nov 10, 2021
—
Robert William Day
Robert Christopher Day
Affidavit Of Death Of Joint Tenant
related
—
Jun 30, 2021
—
Henry B Bovey
Hilary Bovey
Deed Of Distribution
related
—
Aug 25, 2020
—
Morgan,philip W Living Trust
Philip W Morgan
Quit Claim Deed
related
—
Jul 2, 2020
$500
Edward D Velie
Fargo Bk NA Wells
Quit Claim Deed
related
—
Oct 15, 2019
—
Kirsten A W Steinberg
Patricia S Hunter
Grant Deed
related
—
Oct 2, 2019
$500
Thomas M Harris
Harris T Stewart Trust
Grant Deed
related
—
Aug 14, 2019
$500
Stephen Krogness
Krogness,stephen
Quit Claim Deed
related
—
Feb 26, 2019
$500
James B Harris
Harris James B Trust
Grant Deed
related
—
Dec 10, 2018
—
Daniel Roca
Shearer Patrick
Quit Claim Deed
related
—
Nov 15, 2018
$500
Lil,alfred J Trust
James,alfred III
Quit Claim Deed
related
—
Aug 2, 2017
—
Harris,philip B JR Trust
Harris,philip JR
Quit Claim Deed
related
—
May 10, 2017
—
Mason,anne S Trust
Mason Anne S
Quit Claim Deed
related
—
Feb 1, 2016
—
Day,donald & Karla 2013 Trust
Day Donald C
Quit Claim Deed
related
—
Feb 17, 2015
—
Victoria|mason Anne S Richardson
Richardson Victoria
Quit Claim Deed
related
—
Feb 6, 2015
—
Nancy S Owen
Stevens Mercedes S
Quit Claim Deed
related
—
Jan 27, 2015
—
Day,ethel F Trust
Day Eugene C Trust
Quit Claim Deed
related
—
Sep 24, 2013
—
Northey,sally J Trust
Northey,sally J & Curt T
Quit Claim Deed
related
—
Mar 1, 2013
—
Timothy J Harris
Harris,timothy & Philip B
Quit Claim Deed
related
—
Jan 3, 2013
—
Bacon,pamela G Trust
Wells Fargo Bk NA
Quit Claim Deed
related
—
Dec 14, 2012
—
Joanne H C Davis
Non-exempt Cord Family Trust
Grant Deed
—
Sep 16, 2011
—
Michael F Tipton
Tipton Janet D Trust
Quit Claim Deed
related
—
Apr 26, 2011
—
Susan J Stish
Willard,paul D JR & Lenore J
Quit Claim Deed
related
—
Aug 13, 2010
—
Mcclintock Mining Co LLC
Mcclintock Robert M Trust
Quit Claim Deed
related
—
Jan 19, 2010
—
Stephen Krogness
Wells Fargo Bk NA
Quit Claim Deed
—
Oct 28, 2009
—
Bohannon 2000 Trust
Bohannon Kathleen E
Quit Claim Deed
related
—
Jun 12, 2009
—
Frank E Day
Day,frank H
Quit Claim Deed
—
Mar 18, 2009
—
Harris T Stewart Trust
Harris T Stewart Trust
Quit Claim Deed
related
—
Aug 28, 2008
—
Mary K Mcdonald
Theisen,wanda L
Quit Claim Deed
related
—
May 14, 2008
—
Rggs Land & Minerals Ltd
United States Steel Corp
Grant Deed
related
—
Dec 5, 2007
—
Helen H Markwardt
Wells Fargo Bank NA
Quit Claim Deed
related
—
Jun 13, 2007
—
Rogers Mark P Trust
Rogers Trust
Quit Claim Deed
related
—
May 11, 2007
—
Katharine B Schettler
Elad Trust
Quit Claim Deed
related
—
Jun 19, 2006
—
John H Macmillan IV
Wells Fargo Bank NA
Quit Claim Deed
related
—
Jan 21, 2004
—
Indian Creek Holdings Ltd
Plank,roger B
Grant Deed
related
—
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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