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    Property profile & analytics

    1049 Centerville Cir Vadnais Heights, MN 55127-5033

    • Office buildings
    • 10,568 SF
    • 2.07 lot acres
    OFF-MARKET
    Last Sale
    Apr 19, 2021
    $950,000
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0043007
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1049 Centerville Cir

    Year built
    2002
    Construction
    WOOD FRAME
    Lot size
    2.07 lot acres
    Property size
    10,568 SF
    Property type
    Office buildings
    APN
    21-30-22-21-0067
    APU
    213022210067

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $860,000
      ML approach
      $835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $861,000
      Market price range: $861k - $1.78M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,155,000
      Current use
      WAREHOUSE, STORAGE
      $1,220,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $1,080,000
      Change: -7% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $970,000
      Change: -16% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vadnais Heights
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.0579
    Latitude
    45.0767
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $36,940
    $457,600
    $545,900
    $1,003,500
    -
    $457,600
    $545,900
    $1,003,500

    Comparable in this City

    • Value Estimation
      $2,140,000
      24,369 SF

      550 Oak Grv Pkwy

      OFFICE BUILDING • 24,369 SF
      550 Oak Grv Pkwy, Vadnais Heights, MN 55127-8509
      View Details
    • Value Estimation
      $2,500,000
      25,889 SF

      500 Vlg Ctr Dr

      OFFICE BUILDING • 25,889 SF
      500 Vlg Ctr Dr, North Oaks, MN 55127-3004
      View Details
    • Value Estimation
      $1,535,000
      13,892 SF

      400 Vlg Ctr Dr

      OFFICE BUILDING • 13,892 SF
      400 Vlg Ctr Dr, North Oaks, MN 55127-7848
      View Details
    • Value Estimation by Request
      4,174 SF

      4601 Weston Woods Way

      OFFICE BUILDING • 4,174 SF
      4601 Weston Woods Way, Saint Paul, MN 55127-6356
      View Details
    • Value Estimation
      $560,000
      11,136 SF

      111 County Rd F E F

      OFFICE BUILDING • 11,136 SF
      111 County Rd F E F, Vadnais Heights, MN 55127-6933
      View Details
    • Value Estimation
      $2,635,000
      26,736 SF

      100 Vlg Ctr Dr

      OFFICE BUILDING • 26,736 SF
      100 Vlg Ctr Dr, North Oaks, MN 55127-3023
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Space with Expansion Potential

      Industrial space with convenient access to highways and future expansion.
      Vadnais Heights, MN 55127
      View Details
    • $194,900
      0.34 Acres

      Wooded Lot in White Bear

      Dream home setting with utilities ready in White Bear.
      5415 Peterson Rd, Saint Paul, MN 55127
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    • $282,900
      2.21 Acres

      Residential Land in North Oaks

      Desirable 2.214 acre walk-out lot in North Oaks, MN.
      8 Pondview Trl, North Oaks, MN 55127
      View Details
    • $350,000
      Pending

      North Oaks 1.2 Acre Lot

      1.2 acre lot in the heart of North Oaks.
      11 S Deep Lake Rd, North Oaks, MN 55127
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    • $850,000
      2.28 Acres

      Vadnais Heights Commercial Land Opportunity

      2.28 acre commercial land with existing infrastructure in Vadnais Heights.
      379 Commerce Ct, Vadnais Heights, MN 55127
      View Details
    • $99,900
      0.25 Acres

      Residential Land in Vadnais Heights

      Land for sale in a desirable Vadnais Heights location.
      3857 Stockdale Dr, Vadnais Heights, MN 55127
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Amenitized Office Space in North Oaks

      Professionally managed office building in a prestigious residential community.
      100 Village Center Dr, North Oaks, MN 55127
      View Details
    • Contact for pricing

      Office Space in North Oaks

      Office space available in North Oaks, Minnesota.
      200-400 Village Center Dr, North Oaks, MN 55127
      View Details
    • Contact for pricing

      Renovated Medical/Dental Suite

      Updated medical/dental suite near Hodgson Road and Highway 96.
      700 Village Center Dr, North Oaks, MN 55127
      View Details
    • Contact for pricing
      2,148 SF

      North Oaks Financial Center Office

      Two-story office building in North Oaks Village Center.
      100 Village Center Dr, North Oaks, MN 55127
      View Details
    • Contact for pricing

      Premier Healthcare Location in North Oaks

      Healthcare professional space in North Oaks/Shoreview area.
      700 Village Center Dr, North Oaks, MN 55127
      View Details
    • Contact for pricing
      7,838 SF

      Retail Space Available For Lease

      Retail property available for lease, totaling 7,838 square feet.
      905 County Road E East, Vadnais Heights, MN 55127
      View Details
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    Vadnais Heights, MN 55127-5033
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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