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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Showrooms
12119 16th S Ave, Burnsville, MN 55337-2982
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0441907
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1980
Construction
CONCRETE
Total area
42,360 SF
Lot
2.79 ac (121,532 SF)
Zoning code
R
APN
02-31900-03-030
UPID
US46-0441907
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
-
Burnsville Church Church
-
Destiny Christian Church Church
-
Gateway Academy High School
-
Madina Community Center Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$4.53M
Owner & transaction history
Zanzibar Financing INC · 2 yrs held
Zanzibar Financing INC
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+86.3%
Warehouse, storage
$6.5M
+66.2%
Retail stores
$6.0M
+55.5%
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
$4,605,000
ML approach
$4,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,880,000
Current use
AUTO REPAIR, GARAGE
$7,230,000
Change: +86% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,450,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$6,035,000
Change: +56% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,905,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$4,850,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10% · vs last sale $4.53M (Aug 22 2023)
Last sale anchor
$4.53M
Aug 22 2023
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
$107 / 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
Assessed value
$3,241,600
Assessed 2022
Previous assessed
$3,241,600
+0.0% YoY
Assessed land
$692,000
Assessed improvement
$2,549,600
Land market value
$692,000
Improvement market value
$2,549,600
Total market value
$3,241,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
NONE
Bathrooms
10
Total area
42,360 SF
Lot
2.79 ac (121,532 SF)
Zoning code
R
APN
02-31900-03-030
UPID
US46-0441907
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
COMMERCIAL (GENERAL) Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$6.5M
RETAIL STORES
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1980
Construction
CONCRETE
Heating
NONE
Bathrooms
10
Lot
2.79 ac
Current owner
From public records · entity-resolved
Zanzibar Financing INC
Entity
Mailing address
12119 165TH AVE, BURNSVILLE, MN 55337
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Aug 22, 2023
$4,525,000
Zanzibar Financing INC
Alitqan Center
Warranty Deed
$3,620,000 · Prime Security Bank
Jun 24, 2021
—
12119 16th Ave LLC
—
Deed
related
$452,500 · Joppa Capital LLC
—
—
Destiny Christian Center INC
—
Deed Of Trust
related
$32,500 · Sterling State Bank
—
—
Destiny Christian Center INC
—
Deed Of Trust
related
$75,000 · Sterling State Bank
—
—
Destiny Christian Center INC
—
Deed Of Trust
related
$1,575,000 · USA FCU
—
—
Destiny Christian Center INC
—
Deed Of Trust
related
—
—
—
Destiny Christian Center INC
—
Deed Of Trust
related
$1,400,000 · Sterling State Bank
—
—
Destiny Christian Center INC
—
Deed Of Trust
related
$32,500 · Sterling State Bank
—
—
Destiny Christian Center INC
—
Loan Modification
related
—
—
—
Destiny Christian Center INC
—
Deed Of Trust
related
$206,500 · Sterling State 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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