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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Automotive properties
10 Mendota Rd Inver Grove Heights, MN 55077-1122
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0326003
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2005
Construction
CONCRETE
Total area
24,048 SF
Lot
2.62 ac (114,127 SF)
Zoning code
R
APN
20-30200-00-044
UPID
US46-0326003
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
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$944k
Blend (final)
Blend
$770k
Owner & transaction history
Morries Inver Grove M Re LLC · 10 yrs held
Morries Inver Grove M Re LLC
since 2016
7 recorded transactions
Zoning & alternative use
R · Inver Grove Heights, MN
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 Inver Grove Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inver Grove 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
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$32 / 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
$99,126
Tax year 2023
Assessed value
$3,511,100
Assessed 2022
Previous assessed
$3,511,100
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,219,400
Assessed improvement
$2,291,700
Land market value
$1,219,400
Improvement market value
$2,291,700
Total market value
$3,511,100
Applied tax rate
20.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Bathrooms
6
Total area
24,048 SF
Lot
2.62 ac (114,127 SF)
Zoning code
R
APN
20-30200-00-044
UPID
US46-0326003
Jurisdiction
DAKOTA
Zoning & alternative use
R · Inver Grove Heights, MN
Zoning R · permitted uses
R · Inver Grove Heights, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inver Grove Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
NONE
Bathrooms
6
Lot
2.62 ac
Current owner
From public records · entity-resolved
Morries Inver Grove M Re LLC
Entity
Mailing address
12520 WAYZATA BLVD, MINNETONKA, MN 55305-1937
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2019
—
Morries Brooklyn Park Re LLC +
—
Loan Modification, Consolidation And Extension
related
$47,159,019 · Jp Morgan Chase Bk
Mar 22, 2016
$7,873,000
Morries Inver Grove M Re LLC
Keh & H Properties LLC
Grant Deed
$69,700,000 · Jp Morgan Chase Bk
Oct 28, 2013
$4,170,000
Keh&h Properties LLC
J & R Mendota Road LLC
Warranty Deed
—
Jul 6, 2012
—
J & R Mendota Road LLC
Lamettry Properties LLC
Quit Claim Deed
related
$1,700,000 · Minnwest Bank Metro
Oct 26, 2011
—
Lamettry Properties LLC
Jacob Holdings Of Mendota Road Ll
Quit Claim Deed
related
—
Jan 4, 2006
—
Jacob Holdings Of Mendota Road Ll
—
Deed Of Trust
related
$5,000,000 · Us Bank NA
Aug 5, 2004
$1,500,000
Jacob Holdings Of Mendota Road Ll
Alsides,abel & Deloris B
Warranty Deed
related
$1,500,000 · Drake Bank
—
—
Jacob Holdings Of Mendota Road Ll
—
Deed Of Trust
related
$4,400,000 · Us Bank NA
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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