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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Showrooms
1174 Northland Dr, Mendota Heights, MN 55120-1167
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0447570
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1994
Construction
CONCRETE
Total area
53,738 SF
Lot
3.67 ac (159,865 SF)
Zoning code
R
APN
27-52250-01-030
UPID
US46-0447570
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
$4.30M
Blend (final)
Blend
$3.95M
Owner & transaction history
Srrt Northland Drive LLC · 7 yrs held
Srrt Northland Drive LLC
since 2019
7 recorded transactions
Zoning & alternative use
R · Mendota Heights, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$6.2M
+52.2%
Office building
$5.9M
+44.6%
Retail stores
$5.5M
+35.0%
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 Mendota Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mendota 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,070,000
Current use
WAREHOUSE, STORAGE
$6,190,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$5,885,000
Change: +45% · Conversion: Easy
RETAIL STORES
$5,495,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±10%
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
$74 / 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
$107,154
Tax year 2023
Assessed value
$3,959,900
Assessed 2022
Previous assessed
$3,959,900
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$746,200
Assessed improvement
$3,213,700
Land market value
$746,200
Improvement market value
$3,213,700
Total market value
$3,959,900
Applied tax rate
27.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Total area
53,738 SF
Lot
3.67 ac (159,865 SF)
Zoning code
R
APN
27-52250-01-030
UPID
US46-0447570
Jurisdiction
DAKOTA
Zoning & alternative use
R · Mendota Heights, MN
Zoning R · permitted uses
R · Mendota Heights, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mendota Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.9M
RETAIL STORES
Est. value
$5.5M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
1994
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Lot
3.67 ac
Current owner
From public records · entity-resolved
Srrt Northland Drive LLC
Entity
Free & Clear · 7 yrs held
Mailing address
900 3RD ST N, MINNEAPOLIS, MN 55401-1017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2019
$262,985
Srrt Northland Drive LLC
Rumbaugh Steven P Trust
Grant Deed
—
May 24, 2019
$553,203
Srrt Northland Drive LLC
Heller,william A & Michelle J
Warranty Deed
—
May 24, 2019
$137,670
Srrt Northland Drive LLC
Boysen-rumbaugh Judy K Trust
Grant Deed
—
May 24, 2019
$144,039
Srrt Northland Drive LLC
Erdei,judith M & George
Warranty Deed
—
May 24, 2019
$3,233,903
Srrt Northland Drive LLC
Roy Johnson Family LP
Warranty Deed
—
Mar 23, 2018
$4,100,000
Srrt Northland Drive LLC
Eleven-seventy Family LP
Warranty Deed
—
Mar 23, 2018
—
Rumbaugh,steven P Trust
—
Deed
related
$92,560 · Park St Bk/main Off
—
—
Rumbaugh,steven P Trust
—
Deed Of Trust
related
$92,560 · Park St Bk/main Off
—
—
Eleven-seventy Family
—
Deed Of Trust
related
$1,705,000 · Anchor Bank West St Paul NA
—
—
Eleven Seventy Family
—
Deed Of Trust
related
$11,000 · Anchor Bank Saint Paul
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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