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Property profile & analytics
OFF-MARKET
Estimated value
$11,900,000
Industrial properties
1000 Boone N Ave, Golden Valley, MN 55427-4437
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0636475
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Construction
CONCRETE BLOCKS
Lot
9.99 ac (435,164 SF)
APN
31-118-21-12-0070
UPID
US46-0636475
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.90M
Owner & transaction history
Boone Industrial LLC · 2 yrs held
Boone Industrial LLC
since 2024
Last sale
$11.9M
6 recorded transactions
Zoning & alternative use
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 Golden Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Golden Valley 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
$11,900,000
ML approach
$11,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.90M
Range $10.71M – $13.09M · ±10% · vs last sale $11.90M (May 8 2024)
Last sale anchor
$11.90M
May 8 2024
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
—
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
$538,582
Tax year 2023
Assessed value
$16,907,000
Assessed 2023
Previous assessed
$15,800,000
+7.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$3,164,000
Assessed improvement
$13,743,000
Land market value
$3,164,000
Improvement market value
$13,743,000
Total market value
$16,907,000
Applied tax rate
270.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
AC.PACKAGE
Lot
9.99 ac (435,164 SF)
APN
31-118-21-12-0070
UPID
US46-0636475
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Lot
9.99 ac
Current owner
From public records · entity-resolved
Boone Industrial LLC
Entity
Mailing address
3178 TIMBERWOLF CIR NW, SHAKOPEE, MN 55372-3271
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2024
$11,900,000
Boone Industrial LLC
Golden Island Holdings LLC
Limited Warranty Deed
$7,578,000 · Royal Cu
Apr 21, 2021
$15,350,000
Golden Island Holdings LLC
Lakeside Holdings LLC
Warranty Deed
$12,280,000 · Citizens Community Federal
Dec 18, 2020
$11,514,000
Northwoods Management LLC
Msp Boone Plaza LLC
Grant Deed
—
Dec 18, 2020
$13,050,000
Lakeside Holdings LLC
Northwoods Management LLC
Grant Deed
$10,440,000 · Merchants Bk
Jun 29, 2018
$8,500,000
Msp Boone Plaza LLC
Huba Partners LLP
Warranty Deed
$6,215,000 · Woodtrust Bk NA
Jun 27, 2018
$500
Huba Partners LLP
Huba Partners LLP
Warranty Deed
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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