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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Industrial properties
11950 12th S Ave, Burnsville, MN 55337-1405
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0443982
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
CONCRETE
Total area
28,715 SF
Lot
1.42 ac (61,855 SF)
Zoning code
R
APN
02-64302-01-030
UPID
US46-0443982
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
Current use
Occupant on record · Public records
-
BSM North America Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.66M
Owner & transaction history
Spsm LLC · 6 yrs held
Spsm LLC
since 2019
7 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.4M
+31.6%
Retail stores
$4.1M
+23.1%
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 Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville 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
INDUSTRIAL (GENERAL)
$3,325,000
Current use
WAREHOUSE, STORAGE
$4,375,000
Change: +32% · Conversion: Easy
RETAIL STORES
$4,090,000
Change: +23% · Conversion: Moderate
OFFICE BUILDING
$3,285,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±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
$92 / 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
$53,768
Tax year 2023
Assessed value
$1,897,200
Assessed 2022
Previous assessed
$1,697,200
+11.8% YoY
Effective rate
2.83%
On assessed value
Assessed land
$279,000
Assessed improvement
$1,618,200
Land market value
$279,000
Improvement market value
$1,618,200
Total market value
$1,897,200
Applied tax rate
2.0000
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
1968
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
28,715 SF
Lot
1.42 ac (61,855 SF)
Zoning code
R
APN
02-64302-01-030
UPID
US46-0443982
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.3M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1968
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
1.42 ac
Current owner
From public records · entity-resolved
Spsm LLC
Entity
Mailing address
7675 HARVEST DR, ELKO NEW MARKET, MN 55020-8525
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
Dec 20, 2019
—
Spsm LLC
—
Deed
related
$1,247,000 · Spedco
Dec 10, 2019
$1,890,000
Spsm LLC
Jrl & Associates LLP
Warranty Deed
$1,515,000 · New Market Bank
Jul 27, 2018
—
Jrl & Associates LLP
—
Deed
related
$150,000 · Klein Bank
—
—
Spsm LLC
—
Deed Of Trust
related
$1,247,000 · Spedco
—
—
Bsm Of Coram North America INC
—
Deed Of Trust
related
$219,139 · First Community Bank
—
—
Bsm Of Coram North America INC
—
Deed Of Trust
related
$525,000 · First Community Bank
—
—
Spsm LLC
—
Deed Of Trust
related
$1,515,000 · New Market Bk
—
—
Jrl & Associates LLP
—
Loan Modification
related
$254,158 · Klein Bk
—
—
Jrl & Associates LLP
—
Deed Of Trust
related
$725,000 · First Cmnty Bk/camden
—
—
Jrl & Associates LLP
—
Deed Of Trust
related
$450,141 · Klein 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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