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Property profile & analytics
OFF-MARKET
Commercial real estate
11188 Zealand N Ave, Champlin, MN 55316-3594
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US46-0211499
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Construction
WOOD
Lot
0.08 ac (3,485 SF)
APN
31-120-21-42-0095
UPID
US46-0211499
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
-
Terry Riley Marriage Or Relationship Counselor
-
Anne Carroll Marriage Or Relationship Counselor
-
Soul Work Counseling Marriage Or Relationship Counselor Psychologist
-
Windshield Maintenance Auto Repair Shop (Bike/Boat/Book/etc) Store
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
Zealand 88 LLC · 8 yrs held
Zealand 88 LLC
since 2017
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 Champlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Champlin 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
$12,044
Tax year 2023
Assessed value
$476,000
Assessed 2023
Previous assessed
$430,000
+10.7% YoY
Effective rate
2.53%
On assessed value
Assessed land
$65,000
Assessed improvement
$411,000
Land market value
$65,000
Improvement market value
$411,000
Total market value
$476,000
Applied tax rate
11.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Lot
0.08 ac (3,485 SF)
APN
31-120-21-42-0095
UPID
US46-0211499
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
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Lot
0.08 ac
Current owner
From public records · entity-resolved
Zealand 88 LLC
Entity
Mailing address
22212 183RD ST NW, BIG LAKE, MN 55309-8283
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2018
—
Zealand 88 LLC
—
Deed
related
$215,000 · Financial One Cu
Nov 21, 2017
$385,000
Zealand 88 LLC
Champlin Investments LLC
Warranty Deed
$215,000 · Financial One Cu
Feb 14, 2008
$405,000
Champlin Investments LLC
Condro Hadings LLC
Warranty Deed
—
Jan 12, 2006
$251,904
Condico Holdings LLC
Arima LLC
Warranty Deed
—
—
—
Champlin Investments LLC
—
Deed Of Trust
related
$291,250 · Franklin Nat'l Bk Minneapolis
—
—
Zealand 88 LLC
—
Deed Of Trust
related
$180,000 · Spedco
—
—
Zealand 88 LLC
—
Deed Of Trust
related
$215,000 · Financial One Cu
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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