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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Turn key restaurants
11287 Klamath Trl, Lakeville, MN 55044-9267
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-3229754
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Construction
CONCRETE
Total area
14,399 SF
Lot
24.13 ac (1,051,103 SF)
APN
22-00110-52-030
UPID
US46-3229754
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
-
Brett Hack Vasculitis Charities Association Or Organization
-
Brianno's Chart House Restaurant & Events Center Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.60M
Owner & transaction history
Rose Mountain LLC · 1 yrs held
Rose Mountain LLC
since 2024
Last sale
$1.6M
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 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
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,460,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Oct 8 2024)
Last sale anchor
$1.60M
Oct 8 2024
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
$111 / 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
$45,366
Tax year 2023
Assessed value
$1,634,600
Assessed 2023
Previous assessed
$1,634,600
+0.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$1,339,200
Assessed improvement
$295,400
Land market value
$1,339,200
Improvement market value
$295,400
Total market value
$1,634,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Total area
14,399 SF
Lot
24.13 ac (1,051,103 SF)
APN
22-00110-52-030
UPID
US46-3229754
Jurisdiction
DAKOTA
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
AUTO REPAIR, GARAGE
Est. value
$2.5M
AUTO REPAIR, GARAGE
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
1962
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Lot
24.13 ac
Current owner
From public records · entity-resolved
Rose Mountain LLC
Entity
Mailing address
12790 DODD BLVD, ROSEMOUNT, MN 55068-3220
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Trellis & Arbor LLC
—
Deed
related
$880,000 · Minnwest Bank
Nov 14, 2025
—
Trellis & Arbor LLC
—
Deed
related
$880,000 · Minnwest Bank
Oct 14, 2024
—
Rose Mountain LLC
—
Deed
related
$1,731,550 · Minnwest Bank
Oct 8, 2024
$1,600,000
Rose Mountain LLC
Maj Brothers LLC
Warranty Deed
$500,000 · Minnwest Bank
Jun 8, 2021
$1,600,000
Rose Mountain LLC
Maj Brothers LLC
Land Contract
$1,600,000 · Not Available
Jun 1, 2005
$1,450,000
Maj Brothers LLC
Capns Crew
Warranty Deed
$1,632,500 · Us Bank NA
—
—
Capns Crew
—
Deed Of Trust
related
$50,000 · New Market Bank
—
—
Capns Crew
—
Deed Of Trust
related
$100,000 · New Market Bank
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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