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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Turn key restaurants
12930 Harriet S Ave, Burnsville, MN 55337-2620
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0784504
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1980
Construction
WOOD FRAME
Total area
5,969 SF
Lot
1.12 ac (48,787 SF)
Zoning code
R
APN
02-01300-23-014
UPID
US46-0784504
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
-
ATM Atm
-
Carbone's Pizza & Sports Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$840k
Blend (final)
Blend
$1.33M
Owner & transaction history
Mc Real Estate LLC · 4 yrs held
Mc Real Estate LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+2.2%
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
$1,305,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,185,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,020,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.35M (Nov 9 2021)
Last sale anchor
$1.35M
Nov 9 2021
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
$223 / 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
$21,712
Tax year 2023
Assessed value
$847,700
Assessed 2023
Previous assessed
$803,400
+5.5% YoY
Effective rate
2.56%
On assessed value
Assessed land
$447,300
Assessed improvement
$400,400
Land market value
$447,300
Improvement market value
$400,400
Total market value
$847,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1980
Construction
WOOD FRAME
Heating
NONE
Bathrooms
4
Total area
5,969 SF
Lot
1.12 ac (48,787 SF)
Zoning code
R
APN
02-01300-23-014
UPID
US46-0784504
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
RESTAURANT Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
WOOD FRAME
Heating
NONE
Bathrooms
4
Lot
1.12 ac
Current owner
From public records · entity-resolved
Mc Real Estate LLC
Entity
Mailing address
4801 HWY 61ST N STE #204, WHITE BEAR LAKE, MN 55110-2752
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
—
Mc Real Estate LLC
—
Deed
related
$250,000 · North American Banking Co
Nov 9, 2021
$1,350,000
Mc Real Estate LLC
Cat Jam LLC
Warranty Deed
$690,000 · North American Banking Co
Oct 31, 2019
—
Cat Jam LLC
—
Grant Deed
related
$2,300,000 · Merchants Bk
—
—
Cat Jam LLC
—
Deed Of Trust
related
$35,000 · Klein Bank
—
—
Cat Jam LLC
—
Deed Of Trust
related
$550,000 · Klein Bank
—
—
Cat Jam LLC
—
Deed Of Trust
related
$431,778 · Klein Bank
—
—
Cat Jam LLC
—
Deed Of Trust
related
$170,000 · Village Bank & Trust
—
—
Cat Jam LLC
—
Deed Of Trust
related
$75,000 · 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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