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Property profile & analytics
OFF-MARKET
Office buildings
10503 165th W St Lakeville, MN 55044-5713
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-0330311
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
WOOD FRAME
Total area
2,600 SF
Lot
0.05 ac (2,178 SF)
APN
22-44461-01-140
UPID
US46-0330311
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
-
Hulin Gary DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Real Estate Group INC · 5 yrs held
Real Estate Group INC
since 2020
7 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 Lakeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$8,490
Tax year 2023
Assessed value
$351,100
Assessed 2022
Previous assessed
$361,900
-3.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$50,000
Assessed improvement
$301,100
Land market value
$50,000
Improvement market value
$301,100
Total market value
$351,100
Applied tax rate
22.0000
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
2004
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Total area
2,600 SF
Lot
0.05 ac (2,178 SF)
APN
22-44461-01-140
UPID
US46-0330311
Jurisdiction
DAKOTA
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
2004
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Real Estate Group INC
Entity
Free & Clear · 5 yrs held
Mailing address
10503 165TH ST W STE #200, LAKEVILLE, MN 55044-5714
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2020
$577,718
Real Estate Group INC
Terrence Mcmenomy
Warranty Deed
—
Jun 7, 2012
—
B & B Real Estate Group LLC
Vonbank Ents LLC
Quit Claim Deed
related
—
Jun 9, 2011
—
Vonbank Ents LLC
Vonbank,mike & Ann M
Quit Claim Deed
related
—
Jun 9, 2011
$200,000
Mike Vonbank
Barrientez,antonio
Warranty Deed
—
Mar 4, 2009
$433,000
Antonio Barrientez
Stc & Joholdings LLC
Warranty Deed
$324,750 · Unity Bank
Jun 3, 2008
$437,000
Stc & Joholdings INC
Exclusive Properties LLC
Warranty Deed
related
—
Jul 6, 2007
—
Exclusive Properties LLC
—
Trustees Deed
related
$50,000 · Anchor Bank Farmington
Dec 13, 2005
$487,560
Exclusive Properties LLC
Willenbring Companies INC
Warranty Deed
$502,100 · Anchor Bank Farmington
—
—
Stc & Joholdings LLC
—
Deed Of Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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