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Property profile & analytics
FOR LEASE
Office buildings
119 14Th St Northwest, New Brighton, MN 55112
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-1107970
For Lease
$10,375,000
119 14Th St Northwest, New Brighton, MN 55112
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
118,988 SF
Lot
5.92 ac (257,875 SF)
APN
21-30-23-32-0016
UPID
US46-1107970
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
$11.36M
Blend (final)
Blend
$10.38M
Owner & transaction history
Ewr New Brighton Cob LLC · 3 yrs held
Ewr New Brighton Cob LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$13.7M
+5.2%
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 New Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brighton 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
OFFICE BUILDING
$13,025,000
Current use
WAREHOUSE, STORAGE
$13,710,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$12,165,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$10,940,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$10.38M
Range $9.34M – $11.41M · ±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
$87 / 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
$348,686
Tax year 2023
Assessed value
$10,867,800
Assessed 2023
Previous assessed
$10,867,800
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$1,547,300
Assessed improvement
$9,320,500
Land market value
$1,547,300
Improvement market value
$9,320,500
Total market value
$10,867,800
Applied tax rate
621.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2007
Heating
STEAM
Total area
118,988 SF
Lot
5.92 ac (257,875 SF)
APN
21-30-23-32-0016
UPID
US46-1107970
Jurisdiction
RAMSEY
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
OFFICE BUILDING Current
Est. value
$13.0M
WAREHOUSE, STORAGE
Est. value
$13.7M
RETAIL STORES
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2007
Heating
STEAM
Lot
5.92 ac
Current owner
From public records · entity-resolved
Ewr New Brighton Cob LLC
Entity
Free & Clear · 3 yrs held
Mailing address
51 BROADWAY ST N STE #600, FARGO, ND 58102-4970
Ownership since
2022
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
Sep 18, 2023
—
Ewr New Brighton Cob LLC
—
Deed
related
$11,100,000 · Choice Financial Group
Nov 18, 2022
—
Ewr New Brighton Cob LLC
Russell C Davis
Deed
—
Sep 21, 2022
$18,500,000
Russel C Davis
Ax Us LP
Limited Warranty Deed
—
Jul 6, 2010
$17,900,000
Us LP Ax
New Brighton 14th Street LLC
Grant Deed
$12,530,000 · Bank Of America
Nov 6, 2009
—
New Brighton 14th St LLC
—
Trustees Deed
related
$14,110,000 · M & I Marshall & Isley Bank
—
—
Us LP Ax
—
Loan Modification
related
$11,748,800 · Bank Of America
—
—
New Brighton 14th Street LLC
—
Deed Of Trust
related
$14,110,000 · M & I Marshall & Isley 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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