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Property profile & analytics
OFF-MARKET
Estimated value
$4,625,000
Commercial real estate
11055 Wayzata Blvd, Minnetonka, MN 55305-1573
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0222485
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Construction
STEEL FRAME
Total area
31,032 SF
Lot
7.05 ac (307,098 SF)
Zoning code
PID
APN
01-117-22-32-0056
UPID
US46-0222485
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
$5.29M
Comparable Approach
Comparable
$3.81M
Blend (final)
Blend
$4.63M
Owner & transaction history
Larson Capital Crest Ridge LLC · 5 yrs held
Larson Capital Crest Ridge LLC
since 2021
7 recorded transactions
Zoning & alternative use
PID · Minnetonka, MN
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 Minnetonka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minnetonka 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%
$5,725,000
6.5%
$5,285,000
7%
$4,905,000
Blend value · Realmo final
$4.63M
Range $4.16M – $5.09M · ±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
$149 / 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
$653,662
Tax year 2023
Assessed value
$20,500,000
Assessed 2023
Previous assessed
$16,190,000
+26.6% YoY
Effective rate
3.19%
On assessed value
Assessed land
$6,144,000
Assessed improvement
$14,356,000
Land market value
$6,144,000
Improvement market value
$14,356,000
Total market value
$20,500,000
Applied tax rate
270.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
4
Total area
31,032 SF
Lot
7.05 ac (307,098 SF)
Zoning code
PID
APN
01-117-22-32-0056
UPID
US46-0222485
Jurisdiction
HENNEPIN
Zoning & alternative use
PID · Minnetonka, MN
Zoning PID · permitted uses
PID · Minnetonka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Minnetonka. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
4
Lot
7.05 ac
Current owner
From public records · entity-resolved
Larson Capital Crest Ridge LLC
Entity
Mailing address
14567 N OUTER 40TH RD STE #350, CHESTERFIELD, MO 63017-5775
Ownership since
2021
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
Apr 18, 2022
—
Larson Capital Crest Ridge LLC
—
Deed
related
$10,465,000 · Royal Banks Of Missouri
Feb 26, 2021
—
Larson Capital Crest Ridge LLC
One Ten Fifty Five Minnetonka Tic I
Limited Warranty Deed
$10,465,000 · Royal Banks Of Missouri
Dec 30, 2019
$18,500,000
One Ten Fifty Five Minnetonka Tic I
Gpt Tpg 11055 Wayzata LLC
Limited Warranty Deed
$17,600,000 · Minnwest Bank
Jun 26, 2018
—
County Of Hennepin
Commissioner Of Transportation
Quit Claim Deed
related
—
Dec 14, 2016
—
County Of Hennepin
State Of Mn
Quit Claim Deed
related
—
Sep 21, 2016
$24,500,000
Gpt Tpg 11055 Wayzata LLC
RT Crest Ridge LLC
Trustees Deed
$200,000,000 · Morgan Stanley Bk
Sep 21, 2016
—
Gpt Tpg 11055 Wayzata LLC
—
Deed
related
$200,000,000 · Morgan Stanley Bk
Aug 18, 2009
$28,418,735
RT Crest Ridge LLC
Opus Northwest LLC
Grant Deed
—
—
—
Gpt Tpg 11055 Wayzata LLC
—
Deed Of Trust
related
$200,000,000 · Morgan Stanley 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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