Realmo Analytics

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Financial
Distress signals
Property profile

11356 215Th St W Lakeville, MN 55044

FOR SALE
Showrooms
Property ID
US46-1045812
89,055 SF 10.79 ac lot Built 1974
Last sale Feb 2006 · $500
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$112k
Tax billed · 2023
Assessed value · 2022$3.88M
Assessed land$556k
Assessed improvement$3.33M
Effective rate2.87%

Value estimate

· Oct 2026
$2.63M
$2.36M – $2.89M
Submarket $/SF estimate$1.77M
NOI build-up
Gross scheduled income$1.45M
Vacancy & credit loss−$61k
Operating expenses−$418k
NOI · 16.25% cap applied$975k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
County average, outlier-cleaned · 92 recorded sales of this use type
Observed band · Q1–Q3$46 – $127
Qualifying comparables3

Cap rate analysis

How does the asset earn?
16.25%
$975k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R
JurisdictionDAKOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service8.8
Locksmith8.6
Convenience Store8.3

Location

11356 215Th St W Lakeville, MN 55044
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20880 Keokuk, Lakeville, MN 55044-6003 $1,100,000 Jun 2023 19,611 SF
21881 Grenada, Lakeville, MN 55044-9077 $2,083,333 Sep 2022 34,450 SF
8812 215th W, Lakeville, MN 55044-8352 $4,995,000 Jul 2022 62,862 SF
21860 Hamburg, Lakeville, MN 55044-9034 $2,400,000 Jun 2022 46,002 SF
21725 Hamburg, Lakeville, MN 55044-9035 $3,300,000 Jan 2022 69,380 SF
21675 Hamburg, Lakeville, MN 55044-8474 $1,425,000 Mar 2021 46,912 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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