New search
Property profile & analytics
OFF-MARKET
Estimated value
$10,570,000
Apartment buildings
1000 County Rd D W D, New Brighton, MN 55112-7576
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US46-1119200
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1969
Construction
WOOD FRAME
Total area
131,757 SF
Lot
6.39 ac (278,305 SF)
Zoning code
C
APN
32-30-23-34-0015
UPID
US46-1119200
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.94M
Blend (final)
Blend
$10.57M
Owner & transaction history
Commers-clover IV LLC · 23 yrs held
Commers-clover IV LLC
since 2003
6 recorded transactions
Zoning & alternative use
C · New Brighton, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$15.2M
+25.3%
Office building
$14.4M
+19.1%
Retail stores
$13.5M
+11.2%
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 New Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brighton 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,115,000
Current use
WAREHOUSE, STORAGE
$15,180,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$14,425,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$13,470,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$10.57M
Range $9.51M – $11.63M · ±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
$80 / 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
$216,598
Tax year 2023
Assessed value
$13,754,100
Assessed 2023
Previous assessed
$13,754,100
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$2,400,000
Assessed improvement
$11,354,100
Land market value
$2,400,000
Improvement market value
$11,354,100
Total market value
$13,754,100
Applied tax rate
621.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
131,757 SF
Lot
6.39 ac (278,305 SF)
Zoning code
C
APN
32-30-23-34-0015
UPID
US46-1119200
Jurisdiction
RAMSEY
Zoning & alternative use
C · New Brighton, MN
Zoning C · permitted uses
C · New Brighton, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brighton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.1M
WAREHOUSE, STORAGE
Est. value
$15.2M
OFFICE BUILDING
Est. value
$14.4M
RETAIL STORES
Est. value
$13.5M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
1969
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
6.39 ac
Current owner
From public records · entity-resolved
Commers-clover IV LLC
Entity
Mailing address
37 ISABEL ST E, SAINT PAUL, MN 55107-2234
Ownership since
2003
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
Aug 7, 2019
—
Commers Clover IV LLC
—
Grant Deed
related
$5,600,000 · Sabal Capital II LLC
Oct 12, 2006
—
Commers Clover IV LLC
—
Deed Of Trust
related
$6,000,000 · Greystone Servicing Corp
Mar 27, 2003
$6,422,909
Commers-clover IV LLC
New Brighton View Apartments
Grant Deed
$5,000,000 · New Brighton View Apartments
—
—
Commers Clover IV LLC
—
Deed Of Trust
related
—
—
—
Commers Clover IV LLC
—
Deed Of Trust
related
—
—
—
Commers Clover IV LLC
—
Deed Of Trust
related
$950,000 · Northstar Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1000 County Rd D W D?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
