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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Car washes
10841 175th W St Lakeville, MN 55044-4443
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-0878174
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1985
Construction
CONCRETE
Total area
4,543 SF
Lot
0.53 ac (23,087 SF)
Zoning code
R
APN
22-11850-00-186
UPID
US46-0878174
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
-
Sparkle Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$580k
Owner & transaction history
Central Hsng Assocs Lllp · 6 yrs held
Central Hsng Assocs Lllp
since 2020
Last sale
$560,000
3 recorded transactions
Zoning & alternative use
R · Lakeville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$900,000
+16.2%
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 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
Method
Estimation
Statistic approach
$620,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$690,000
Change: -11% · Conversion: Easy
RETAIL STORES
$645,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $560k (Jan 3 2020)
Last sale anchor
$560k
Jan 3 2020
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
$128 / 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
$10,980
Tax year 2023
Assessed value
$436,600
Assessed 2022
Previous assessed
$436,600
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$200,800
Assessed improvement
$235,800
Land market value
$200,800
Improvement market value
$235,800
Total market value
$436,600
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Total area
4,543 SF
Lot
0.53 ac (23,087 SF)
Zoning code
R
APN
22-11850-00-186
UPID
US46-0878174
Jurisdiction
DAKOTA
Zoning & alternative use
R · Lakeville, MN
Zoning R · permitted uses
R · Lakeville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$900,000
WAREHOUSE, STORAGE
Est. value
$690,000
RETAIL STORES
Est. value
$645,000
OFFICE BUILDING
Est. value
$620,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1985
Construction
CONCRETE
Heating
NONE
Lot
0.53 ac
Current owner
From public records · entity-resolved
Central Hsng Assocs Lllp
Entity
Free & Clear · 6 yrs held
Mailing address
19 3RD AVE SE #1901, MINNEAPOLIS, MN 55414-2125
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
$560,000
Central Hsng Assocs Lllp
Majumdar LLC
Warranty Deed
—
Jan 3, 2020
$618,833
Majumdar LLC
Gary L Peterson
Warranty Deed
—
Nov 30, 2017
$618,834
Majumdar LLC
Peterson,gary L & Linda J
Dual Purpose Document
related
$418,834 · Gary L & Linda J Peterson
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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