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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
1050 County Rd Ew, Shoreview, MN 55126-8183
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US46-0787329
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD FRAME
Total area
6,472 SF
Lot
1.21 ac (52,708 SF)
APN
35-30-23-22-0034
UPID
US46-0787329
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
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Jra Parise Properties LLC · 9 yrs held
Jra Parise Properties LLC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+53.3%
Medical building
$955,000
+34.6%
Warehouse, storage
$745,000
+5.2%
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 Shoreview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shoreview 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
OFFICE BUILDING
$710,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,085,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$955,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$745,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$660,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$595,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$107 / 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
$23,698
Tax year 2023
Assessed value
$841,900
Assessed 2023
Previous assessed
$804,100
+4.7% YoY
Effective rate
2.81%
On assessed value
Assessed land
$322,800
Assessed improvement
$519,100
Land market value
$322,800
Improvement market value
$519,100
Total market value
$841,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
6,472 SF
Lot
1.21 ac (52,708 SF)
APN
35-30-23-22-0034
UPID
US46-0787329
Jurisdiction
RAMSEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$745,000
RETAIL STORES
Est. value
$660,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$595,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
1.21 ac
Current owner
From public records · entity-resolved
Jra Parise Properties LLC
Entity
Mailing address
5581 SAINT ALBANS CIR, SAINT PAUL, MN 55126-4796
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2017
$800,000
Jra Parise Properties LLC
Traeger Properties LLC
Warranty Deed
$640,000 · Bremer Bk
Mar 14, 2017
$824,242
Jra Parise Properties LLC
Traeger Properties LLC
Warranty Deed
$640,000 · Bremer Bank NA
May 4, 2007
$1,159,776
Traeger Properties LLC
Moser Homes INC
Warranty Deed
$590,000 · North American Banking Co
Feb 28, 2007
$140,000
Moser Homes INC
Schoonover,charles R & Beryl L
Quit Claim Deed
related
—
—
—
Traeger Properties LLC
—
Deed Of Trust
related
$85,000 · North American Banking Co
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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