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Property profile & analytics
FOR LEASE
Investment properties
1081 Highway 36, Maplewood, MN 55109
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-0537826
For Lease
1 / 2
$10 SF/Yr
1081 Highway 36, Maplewood, MN 55109
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1963
Construction
WOOD FRAME
Total area
14,784 SF
Lot
2.19 ac (95,396 SF)
Zoning code
G
APN
09-29-22-31-0001
UPID
US46-0537826
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
$1.63M
Blend (final)
Blend
$1.46M
Owner & transaction history
Msp 1081 LLC · 7 yrs held
Msp 1081 LLC
since 2019
7 recorded transactions
Zoning & alternative use
G · Maplewood, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+94.6%
Warehouse, storage
$1.7M
+52.2%
Office building
$1.6M
+44.6%
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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
COMMERCIAL (GENERAL)
$1,120,000
Current use
MEDICAL BUILDING
$2,180,000
Change: +95% · Conversion: Easy
WAREHOUSE, STORAGE
$1,705,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,620,000
Change: +45% · Conversion: Easy
RETAIL STORES
$1,510,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±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
$99 / 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
$73,782
Tax year 2023
Assessed value
$2,339,000
Assessed 2023
Previous assessed
$2,249,000
+4.0% YoY
Effective rate
3.15%
On assessed value
Assessed land
$667,800
Assessed improvement
$1,671,200
Land market value
$667,800
Improvement market value
$1,671,200
Total market value
$2,339,000
Applied tax rate
622.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1963
Construction
WOOD FRAME
Heating
HOT WATER
Buildings
4
Total area
14,784 SF
Lot
2.19 ac (95,396 SF)
Zoning code
G
APN
09-29-22-31-0001
UPID
US46-0537826
Jurisdiction
RAMSEY
Zoning & alternative use
G · Maplewood, MN
Zoning G · permitted uses
G · Maplewood, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maplewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1963
Construction
WOOD FRAME
Heating
HOT WATER
Buildings
4
Lot
2.19 ac
Current owner
From public records · entity-resolved
Msp 1081 LLC
Entity
Mailing address
1215 TOWN CTR DR S, EAGAN, MN 55123-1033
Ownership since
2019
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
Feb 12, 2019
$2,075,000
Msp 1081 LLC
Finnrent 1081 LLC
Warranty Deed
$1,650,000 · Wings Fin'l Cu
Aug 21, 2018
—
Finnrent 1081 LLC
—
Deed
related
$750,000 · North American Bkng
Dec 2, 2014
$1,225,000
Finnrent 1081 LLC
Ire Properties LLC
Grant Deed
$1,460,000 · Anchor Bk
Nov 4, 2011
$500
Ire Properties LLC
Houser Larson LLC
Quit Claim Deed
related
—
Sep 12, 2006
—
Thomas M Giebel
—
Deed Of Trust
related
$2,040,000 · Associated Commercial Finance
Oct 27, 2004
—
Thomas M Giebel JR.
—
Trustees Deed
related
$650,000 · First Bank
Dec 9, 2002
—
Thomas M Giebel
—
Deed Of Trust
related
$1,300,000 · Lake Elmo Bank
—
—
Thomas M Giebel
—
Deed Of Trust
related
$200,000 · Lake Elmo Bank
—
—
Finnrent 1081 LLC
—
Deed Of Trust
related
$750,000 · North American Bkng
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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