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Property profile & analytics
OFF-MARKET
Office buildings
11972 Portland Ave, Burnsville, MN 55337-1516
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0052529
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
WOOD
Total area
3,886 SF
Lot
0.06 ac (2,614 SF)
APN
02-48700-01-080
UPID
US46-0052529
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
-
VELVÆRE CENTER Gym & Fitness Center Alternative Medicine Practice
-
Community One LLC Social Service Agency Charitable Organization
-
Kensington Equity Partners Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rayhan LLC · 4 yrs held
Rayhan LLC
since 2022
Last sale
$370,000
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,946
Tax year 2023
Assessed value
$434,000
Assessed 2022
Previous assessed
$434,000
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$70,000
Assessed improvement
$364,000
Land market value
$70,000
Improvement market value
$364,000
Total market value
$434,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
NONE
Bathrooms
2
Total area
3,886 SF
Lot
0.06 ac (2,614 SF)
APN
02-48700-01-080
UPID
US46-0052529
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
2002
Construction
WOOD
Heating
NONE
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Rayhan LLC
Entity
Mailing address
15899 ELMHURST LN UNIT #4210, APPLE VALLEY, MN 55124-4020
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$370,000
Rayhan LLC
Healthcare Consulting LLC
Warranty Deed
$282,000 · Sterling State Bank
Nov 19, 2015
$379,051
Healthcare Consulting LLC
David M Thelen
Warranty Deed
—
Jan 14, 2010
$550,000
David M Thelen
Klein Bk
Warranty Deed
$443,279 · Associated Bank
Jun 23, 2009
$572,303
Kleinbank
Sheriff Of Dakota County
Trustees Deed
—
Nov 19, 2007
$589,900
Kensington Property Group LLC
Meiers,curtis J & Susan
Warranty Deed
$528,000 · Klein Bank
Nov 19, 2007
$8,346
Curtis J Meiers
Deputy Sheriff Of Dakota County
Grant Deed
—
Oct 24, 2006
$589,900
Kensington Property LLC
Meiers,curtis J
Grant Deed
—
Jan 25, 2006
$500
Curtis J Meiers
Dz At Ws LLC
Quit Claim Deed
related
—
Aug 11, 2005
$500
Curtis J Meiers
Gaertner Meiers LLC
Quit Claim Deed
related
—
Feb 17, 2004
$512,000
Stephen M Gaertner
Marafie Foundation USA
Warranty Deed
$405,600 · Key Community Bank
—
—
Kensington Property Group LLC
—
Deed Of Trust
related
$700,000 · Bankfirst
—
—
Gaertner Meiers LLC
—
Deed Of Trust
related
$38,250 · Key Community 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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