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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Industrial properties
10503 89th N Ave, Maple Grove, MN 55369-4024
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0823954
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Construction
CONCRETE BLOCKS
Total area
16,660 SF
Lot
4.8 ac (209,088 SF)
APN
13-119-22-31-0005
UPID
US46-0823954
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
$2.34M
Blend (final)
Blend
$1.68M
Owner & transaction history
Allied Blacktop Company · 3 yrs held
Allied Blacktop Company
since 2023
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 Maple Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maple Grove 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
INDUSTRIAL (GENERAL)
$1,895,000
Current use
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$101 / 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
$71,234
Tax year 2023
Assessed value
$2,522,800
Assessed 2023
Previous assessed
$2,184,200
+15.5% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,213,600
Assessed improvement
$1,309,200
Land market value
$1,213,600
Improvement market value
$1,309,200
Total market value
$2,522,800
Applied tax rate
279.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
NONE
Stories
1
Total area
16,660 SF
Lot
4.8 ac (209,088 SF)
APN
13-119-22-31-0005
UPID
US46-0823954
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
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
1979
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
1
Lot
4.8 ac
Current owner
From public records · entity-resolved
Allied Blacktop Company
Entity
Mailing address
10503 89TH AVE, MAPLE GROVE, MN 55369-4024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
Allied Blacktop Company
Baka Properties LLC
Lease
—
Jul 5, 2017
—
Baka Properties LLC
—
Deed
related
$965,000 · Bremer Bk
Jun 29, 2017
—
Baka Properties LLC
—
Deed
related
$589,000 · Spedco
May 8, 2017
—
Baka Properties LLC
—
Deed
related
$574,500 · Bremer Bk
Jan 18, 2017
$1,150,000
Baka Properties LLC
Capistrant,lois D & Eugene J
Warranty Deed
$718,500 · Bremer Bk
Sep 30, 2009
$1,150,000
Baka Properties LLC
Capistrant,eugene J & Lois D
Grant Deed
—
—
—
Baka Properties LLC
—
Deed Of Trust
related
$965,000 · Bremer Bk
—
—
Baka Properties LLC
—
Deed Of Trust
related
$589,000 · Spedco
—
—
Baka Properties LLC
—
Loan Modification
related
$574,500 · Bremer Bk
—
—
Baka Properties LLC
—
Loan Modification
related
$965,000 · Bremer Bk
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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