Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2640 Lk Ct Dr, Unit 27 Mounds View, MN 55112-4136

    • Parking lots & garages
    • 0.01 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0955437
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 2640 Lk Ct Dr

    Lot size
    0.01 lot acres
    Zone code
    A
    Property type
    Parking lots & garages
    APN
    07-30-23-14-0539
    APU
    73023140539

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mounds View
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.213
    Latitude
    45.1039
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56
    $500
    $3,700
    $4,200
    -
    $500
    $3,700
    $4,200

    Comparable in this City

    • Value Estimation
      $240,000
      0.00 Acres

      2150 14th NW St, Unit 17

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      2150 14th NW St, New Brighton, MN 55112-2305
      View Details
    • Value Estimation
      $240,000
      0.00 Acres

      2150 14th NW St, Unit 19

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      2150 14th NW St, New Brighton, MN 55112-2305
      View Details
    • Value Estimation
      $240,000
      0.01 Acres

      1489 23rd NW Ave, Unit 33

      RESIDENTIAL PARKING GARAGE • 0.01 Acres
      1489 23rd NW Ave, New Brighton, MN 55112-5591
      View Details
    • Value Estimation
      $240,000
      0.01 Acres

      1453 23rd NW Ave, Unit 42

      RESIDENTIAL PARKING GARAGE • 0.01 Acres
      1453 23rd NW Ave, New Brighton, MN 55112-5589
      View Details
    • Value Estimation
      $240,000
      0.00 Acres

      20 Windsor Ln632a

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      20 Windsor Ln632a, New Brighton, MN 55112-3377
      View Details
    • Value Estimation
      $240,000
      0.00 Acres

      20 Windsor Lng-48a

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      20 Windsor Lng-48a, New Brighton, MN 55112-3377
      View Details

    Similar Nearby for Sale

    • $775,000
      7,091 SF

      Fully Occupied Retail Investment Property

      Retail property with four tenants and recent renovations for sale.
      5491 Adams St, Mounds View, MN 55112
      View Details
    • Contact for pricing
      133,136 SF

      Mounds View Office/Warehouse Building

      133,136 SF office, tech, and warehouse building for sale.
      2205 Woodale Dr, Mounds View, MN 55112
      View Details
    • Contact for pricing
      118,693 SF

      Arden Hills Office Campus

      Two-building office campus in Arden Hills, Minnesota.
      6-8 Pine Tree Dr, Arden Hills, MN 55112
      View Details
    • Contact for pricing

      Arden Hills Developable Land

      Land with freeway visibility and easy access to I-35W.
      1780 Gateway Blvd, Arden Hills, MN 55112
      View Details
    • $232,000
      971 SF

      Charming Townhome with Lake Views

      Single-level townhome in Mounds View with updated features and lake views.
      2672 Lake Court Dr, Mounds View, MN 55112
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,869 SF

      Retail Center with Endcap Space

      Retail center with endcap and small shop space available.
      750-778 Highway Ave, Mendota Heights, MN 55112
      View Details
    • Contact for pricing
      3,460 SF

      Retail Space in Aldi Anchored Center

      Retail and restaurant spaces available in Mounds View, Minnesota.
      2537-2577 Highway 10 NE, Mounds View, MN 55112
      View Details
    • Contact for pricing
      1 SF

      Mounds View Retail Opportunity

      High-Visibility Commercial Space For Lease
      2840 County Hwy 10, Mounds View, MN 55112
      View Details
    • Contact for pricing
      28,021 SF

      Mounds View Office/Warehouse Space

      High-image office/warehouse space with excellent interstate access.
      5275 Quincy St, Mounds View, MN 55112
      View Details
    • $14 SF/Yr
      10,000 SF

      Arden Hills Warehouse Space

      10,000 square foot warehouse space available for lease.
      3750-3764 Dunlap St N, Arden Hills, MN 55112
      View Details
    • $7 SF/Yr
      21,890 SF

      Arden Hills Warehouse Space

      Industrial warehouse space available for lease in Arden Hills.
      1157-1159 Grey Fox Rd, Arden Hills, MN 55112
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2640 Lk Ct Dr, Unit 27
    Mounds View, MN 55112-4136
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.