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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Strip malls
730 Main St Mendota Heights, MN 55118-3759
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0630513
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
STEEL FRAME
Total area
7,453 SF
Lot
0.3 ac (13,068 SF)
APN
27-48335-07-020
UPID
US46-0630513
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
$1.01M
Owner & transaction history
Mendota Heights Town Center Ll · 21 yrs held
Mendota Heights Town Center Ll
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+25.8%
Auto repair, garage
$1.5M
+20.8%
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 Mendota Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mendota Heights 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Current use
RESTAURANT
$1,575,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,510,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,100,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$135 / 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
$33,544
Tax year 2023
Assessed value
$1,233,000
Assessed 2022
Previous assessed
$1,233,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$196,400
Assessed improvement
$1,036,600
Land market value
$196,400
Improvement market value
$1,036,600
Total market value
$1,233,000
Applied tax rate
27.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Total area
7,453 SF
Lot
0.3 ac (13,068 SF)
APN
27-48335-07-020
UPID
US46-0630513
Jurisdiction
DAKOTA
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL 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
2006
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Mendota Heights Town Center Ll
Individual
Mailing address
1 E ERIE ST STE #525, CHICAGO, IL 60611-2980
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2011
—
Mendota Heights Town Center Ll
—
Deed Of Trust
related
$7,052,500 · Prior Lake State Bank
Sep 22, 2008
—
Mendota Heights Town Center Ll
—
Deed Of Trust
related
$7,052,500 · Prior Lake St Bk
Dec 27, 2004
$98,545
Mendota Heights Town Center Ll
City Of Mendota Heights
Grant Deed
related
$5,681,200 · Prior Lake State Bank
—
—
Mendota Heights Town Center Ll
—
Deed Of Trust
related
$707,500 · Prior Lake St Bk
—
—
Mendota Heights Town Center Ll
—
Loan Modification
related
$7,052,500 · Klein Bk
—
—
Mendota Heights Town Center Ll
—
Loan Modification
related
$707,500 · Klein Bk
—
—
Mendota Heights Town Center Ll
—
Loan Modification
related
$707,500 · Klein Bk
—
—
Mendota Heights Town Center Ll
—
Deed Of Trust
related
$707,500 · Prior Lake State Bank
—
—
Mendota Heights Town Center Ll
—
Loan Modification
related
$7,052,500 · Klein Bk
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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