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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Showrooms
11900 Rich Vly Blvd Inver Grove Heights, MN 55077-5713
Entity Owned
18-yr Hold
Free & Clear
Property ID
US46-0044671
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Construction
WOOD FRAME
Total area
5,520 SF
Lot
4.82 ac (209,959 SF)
Zoning code
R
APN
20-03300-54-012
UPID
US46-0044671
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
$699k
Blend (final)
Blend
$655k
Owner & transaction history
11900 Rich Valley LLC · 18 yrs held
11900 Rich Valley LLC
since 2007
7 recorded transactions
Zoning & alternative use
R · Inver Grove Heights, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+133.4%
Auto repair, garage
$940,000
+105.4%
Warehouse, storage
$840,000
+83.3%
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 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
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)
$460,000
Current use
RESTAURANT
$1,070,000
Change: +133% · Conversion: Difficult
AUTO REPAIR, GARAGE
$940,000
Change: +105% · Conversion: Difficult
WAREHOUSE, STORAGE
$840,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$785,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$490,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$470,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$119 / 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
$29,996
Tax year 2023
Assessed value
$1,038,200
Assessed 2022
Previous assessed
$1,038,200
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$441,200
Assessed improvement
$597,000
Land market value
$441,200
Improvement market value
$597,000
Total market value
$1,038,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
NONE
Buildings
2
Bathrooms
2
Total area
5,520 SF
Lot
4.82 ac (209,959 SF)
Zoning code
R
APN
20-03300-54-012
UPID
US46-0044671
Jurisdiction
DAKOTA
Zoning & alternative use
R · Inver Grove Heights, MN
Zoning R · permitted uses
R · Inver Grove Heights, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inver Grove Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$460,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$840,000
RETAIL STORES
Est. value
$785,000
OFFICE BUILDING
Est. value
$490,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$470,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1984
Construction
WOOD FRAME
Heating
NONE
Buildings
2
Bathrooms
2
Lot
4.82 ac
Current owner
From public records · entity-resolved
11900 Rich Valley LLC
Entity
Free & Clear · 18 yrs held
Mailing address
11900 RICH VLY BLVD, INVER GROVE HEIGHTS, MN 55077-5713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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 11, 2021
—
11900 Rich Valley LLC
—
Deed
related
$150,000 · Vermillion State Bank
Sep 1, 2016
—
11900 Rich Valley LLC
—
Deed
related
$30,000 · Vermillion State Bank
Jan 28, 2010
—
11900 Rich Valley LLC
—
Trustees Deed
related
$50,000 · Platinum Bank
Sep 18, 2007
$500
11900 Rich Valley LLC
Fischer,robert P JR & Suzanne E
Quit Claim Deed
related
—
Sep 18, 2007
—
Robert P Fischer JR.
Fischer Holdings LLC
Quit Claim Deed
related
—
Aug 27, 2004
$935,000
Fischer Holdings LLC
Hilton,michael J & Donnette L
Warranty Deed
related
—
—
—
11900 Rich Valley LLC
—
Deed Of Trust
related
$87,000 · Platinum 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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