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Property profile & analytics
OFF-MARKET
Estimated value
$8,895,000
Showrooms
12450 Oliver S Ave Burnsville, MN 55337-6614
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-1918968
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2017
Total area
118,800 SF
Lot
9.2 ac (400,651 SF)
APN
02-64226-01-010
UPID
US46-1918968
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
-
IPC Eagle Industrial Manufacturer Production Facility
-
Elowen Storage Units Storage Facility
-
Accent Signage Systems Inc (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.10M
Blend (final)
Blend
$8.90M
Owner & transaction history
Jcc 12450 Oliver Avenue LLC · 7 yrs held
Jcc 12450 Oliver Avenue LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$13.8M
+26.4%
Office building
$13.6M
+24.9%
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
COMMERCIAL (GENERAL)
$10,885,000
Current use
INDUSTRIAL (GENERAL)
$13,755,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$13,600,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$8.90M
Range $8.01M – $9.78M · ±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
$75 / 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
$230,036
Tax year 2023
Assessed value
$7,903,200
Assessed 2022
Previous assessed
$7,228,700
+9.3% YoY
Effective rate
2.91%
On assessed value
Assessed land
$1,782,900
Assessed improvement
$6,120,300
Land market value
$1,782,900
Improvement market value
$6,120,300
Total market value
$7,903,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2017
Heating
NONE
Total area
118,800 SF
Lot
9.2 ac (400,651 SF)
APN
02-64226-01-010
UPID
US46-1918968
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.9M
INDUSTRIAL (GENERAL)
Est. value
$13.8M
OFFICE BUILDING
Est. value
$13.6M
COMMERCIAL (GENERAL) Current
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
2017
Heating
NONE
Lot
9.2 ac
Current owner
From public records · entity-resolved
Jcc 12450 Oliver Avenue LLC
Entity
Mailing address
1001 KAMOKILA BLVD STE #200, KAPOLEI, HI 96707-2096
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2018
$10,100,000
Jcc 12450 Oliver Avenue LLC
35/13 Phase II LLC
Grant Deed
$10,100,000 · Private Individual
Jan 9, 2018
—
35/13 Phase II LLC
—
Grant Deed
related
$7,750,000 · Associated Bk NA
Dec 21, 2017
$1,457,576
35/13 Phase II LLC
United Land LLC
Grant Deed
—
Mar 31, 2017
—
United Land LLC
—
Loan Modification
related
$39,886,000 · Wells Fargo Bk
—
—
United Land LLC
—
Loan Modification
related
$24,450,000 · Wells Fargo Bk
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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