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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Grocery and convenience stores
11650 Courthouse Blvd, Inver Grove Heights, MN 55077-5936
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0022122
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1967
Construction
STEEL FRAME
Total area
23,124 SF
Lot
8.22 ac (358,063 SF)
APN
20-34490-01-010
UPID
US46-0022122
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Travel Center Realty LLC · 2 yrs held
Travel Center Realty LLC
since 2023
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 Inver Grove Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inver Grove Heights 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
$52 / 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
$70,426
Tax year 2023
Assessed value
$2,482,400
Assessed 2022
Previous assessed
$2,505,000
-0.9% YoY
Effective rate
2.84%
On assessed value
Assessed land
$951,400
Assessed improvement
$1,531,000
Land market value
$951,400
Improvement market value
$1,531,000
Total market value
$2,482,400
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Total area
23,124 SF
Lot
8.22 ac (358,063 SF)
APN
20-34490-01-010
UPID
US46-0022122
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
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Lot
8.22 ac
Current owner
From public records · entity-resolved
Travel Center Realty LLC
Entity
Free & Clear · 2 yrs held
Mailing address
800 HWY 98TH BYPUS, COLUMBIA, MS 39429-8255
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
—
Travel Center Realty LLC
Pilot Travel Centers LLC
Lease
—
Jun 25, 2014
—
Pilot Travel Centers LLC
—
Grant Deed
related
$5,205,000 · Bank Of America
Feb 8, 2012
$3,550,000
Pilot Travel Centers LLC
Olson Truck Stop INC
Warranty Deed
—
Jul 29, 2010
—
Olsons Truck Stop INC
—
Trustees Deed
related
$200,000 · Northwest Bank
Dec 29, 2004
$2,487,296
Swift Transportation Co INC
Inver Grove R/e Holdings LLC
Warranty Deed
—
—
—
Pilot Travel Centers LLC
—
Loan Modification
related
—
—
—
Olsons Truck Stop INC
—
Deed Of Trust
related
—
—
—
Pilot Travel Centers LLC
—
Loan Modification
related
—
—
—
Pilot Travel Centers LLC
—
Loan Modification
related
—
—
—
Pilot Travel Centers LLC
—
Loan Modification
related
—
—
—
Olsons Truck Stop INC
—
Deed Of Trust
related
$80,000 · Northwest Bank
—
—
Olsons Truck Stop INC
—
Deed Of Trust
related
$175,000 · Community Pride 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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