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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Commercial real estate
1000 12th Oaks Ctr Dr Ste 100, Wayzata, MN 55391-4704
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-0520883
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
STEEL FRAME
Total area
4,800 SF
Lot
1.35 ac (58,990 SF)
Zoning code
PID
APN
04-117-22-24-0026
UPID
US46-0520883
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
$1.02M
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$917k
Blend (final)
Blend
$1.02M
Owner & transaction history
American Heritage National Bank · 4 yrs held
American Heritage National Bank
since 2021
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
PID · Wayzata, 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 Wayzata submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayzata 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
$1,015,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$760,000
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.07M (Nov 4 2021)
Last sale anchor
$1.07M
Nov 4 2021
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
$211 / 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
$33,109
Tax year 2023
Assessed value
$1,187,000
Assessed 2023
Previous assessed
$799,000
+48.6% YoY
Effective rate
2.79%
On assessed value
Assessed land
$224,000
Assessed improvement
$963,000
Land market value
$224,000
Improvement market value
$963,000
Total market value
$1,187,000
Applied tax rate
284.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
4,800 SF
Lot
1.35 ac (58,990 SF)
Zoning code
PID
APN
04-117-22-24-0026
UPID
US46-0520883
Jurisdiction
HENNEPIN
Zoning & alternative use
PID · Wayzata, MN
Zoning PID · permitted uses
PID · Wayzata, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wayzata. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.35 ac
Current owner
From public records · entity-resolved
American Heritage National Bank
Entity
Free & Clear · 4 yrs held
Mailing address
24 2ND ST S, LONG PRAIRIE, MN 56347-1327
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
$1,067,000
American Heritage National Bank
Ggc Properties LLC
Warranty Deed
—
—
—
Ggc Properties LLC
—
Loan Modification
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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