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Property profile & analytics
OFF-MARKET
Estimated value
$2,155,000
Office buildings
1000 146th St, Burnsville, MN 55337-6704
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0619304
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
CONCRETE
Total area
14,665 SF
Lot
1 ac (43,560 SF)
Zoning code
R
APN
02-84820-02-010
UPID
US46-0619304
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
Current use
Occupant on record · Public records
-
Probe Engineering Land Surveyor
-
Horace Mann Insurance Co Insurance Agency
-
Mobile-Link Communications - Phones, Phone Repair, GPS, and More! Mobile Phone Store Electronics & Wireless Store
-
Pine Creek - Burnsville General Contractor Renovation Specialist
-
Telecom Warehouse Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
$2.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.16M
Owner & transaction history
Tompkins Investments LLC · 2 yrs held
Tompkins Investments LLC
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.9M
+73.2%
Restaurant
$2.8M
+69.5%
Auto repair, garage
$2.5M
+49.1%
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 Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville 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
$2,220,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
$3,235,000
6.5%
$2,985,000
7%
$2,770,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,680,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,905,000
Change: +73% · Conversion: Difficult
RESTAURANT
$2,845,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,505,000
Change: +49% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,235,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$2,090,000
Change: +25% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,700,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,345,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$2.16M
Range $1.94M – $2.37M · ±10% · vs last sale $2.18M (Sep 8 2023)
Last sale anchor
$2.18M
Sep 8 2023
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
$147 / 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
$13,642
Tax year 2023
Assessed value
$415,400
Assessed 2022
Previous assessed
$411,000
+1.1% YoY
Effective rate
3.28%
On assessed value
Assessed land
$203,400
Assessed improvement
$212,000
Land market value
$203,400
Improvement market value
$212,000
Total market value
$415,400
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
14,665 SF
Lot
1 ac (43,560 SF)
Zoning code
R
APN
02-84820-02-010
UPID
US46-0619304
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1979
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
1 ac
Current owner
From public records · entity-resolved
Tompkins Investments LLC
Entity
Mailing address
7368 236TH ST E, LAKEVILLE, MN 55044-9497
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
$2,180,000
Tompkins Investments LLC
1020 East 146th Street LLC
Warranty Deed
$1,639,142 · Royal Cu
Mar 11, 2020
—
1020 East 146th Street LLC
—
Deed
related
$1,060,000 · Prime Security Bank
May 30, 2013
$690,000
1020 East 146th Street LLC
Voyager Bk
Warranty Deed
$552,000 · Voyager Bank
Apr 14, 2011
$884,818
Voyager Bk
Deputy Sheriff Of Dakota Cnty
Trustees Deed
related
—
Jul 27, 2010
—
Paul J Vincent
—
Trustees Deed
related
$208,000 · Patriot Bank NA
—
—
Paul J Vincent
—
Deed Of Trust
related
$110,000 · Voyager Bank
—
—
1115 66th Street LLC
—
Deed Of Trust
related
$637,500 · Bridgewater 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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