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Property profile & analytics
OFF-MARKET
Estimated value
$4,975,000
Industrial properties
11385 Xeon NW St, Coon Rapids, MN 55448-3148
Entity Owned
~
Est. High Equity
Property ID
US46-0528602
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,498 SF
Lot
5.98 ac (260,313 SF)
APN
14-31-24-13-0009
UPID
US46-0528602
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
$5.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$4.98M
Owner & transaction history
Trip II Mn Xeon St LLC
Trip II Mn Xeon St LLC
since 2026
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.0M
+62.3%
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 Coon Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coon Rapids 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
$5,160,000
ML approach
$5,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,330,000
Current use
COMMERCIAL (GENERAL)
$7,025,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$4.98M
Range $4.48M – $5.47M · ±10% · vs last sale $4.86M (Jan 18 2022)
Last sale anchor
$4.86M
Jan 18 2022
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
$107 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$122,868
Tax year 2024
Assessed value
$4,700,800
Assessed 2024
Previous assessed
$4,700,800
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$611,400
Assessed improvement
$4,089,400
Land market value
$611,400
Improvement market value
$4,089,400
Total market value
$4,700,800
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Total area
46,498 SF
Lot
5.98 ac (260,313 SF)
APN
14-31-24-13-0009
UPID
US46-0528602
Jurisdiction
ANOKA
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
5.98 ac
Current owner
From public records · entity-resolved
Trip II Mn Xeon St LLC
Entity
Mailing address
10275 W HIGGINS RD STE #810, ROSEMONT, IL 60018-5601
Ownership since
2026
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
Mar 13, 2026
$5,250,000
Trip II Mn Xeon St LLC
11385 Xeon Street Nw Owner LLC
Warranty Deed
$35,000,000 · Cibc Bank USA
Jan 18, 2022
$4,864,545
11385 Xeon Street Nw Owner LLC
Gfg Nc 1 LLC
Limited Warranty Deed
—
Apr 8, 2014
$3,205,000
Umip LLC
Stag II Milwaukee LLC
Grant Deed
related
$4,835,000 · Sun Life Assurance Co
Dec 13, 2006
$2,975,000
Stag II Milwaukee LLC
Dawes Real Estate LLC
Warranty Deed
—
—
—
Umip LLC
—
Loan Modification
related
$14,000,000 · Sun Life Assurance Co
—
—
Gfg Nc 1 LLC
—
Deed Of Trust
related
$68,512,500 · Societe Generale
—
—
Stag II Milwaukee LLC
—
Deed Of Trust
related
—
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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