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Property profile & analytics
OFF-MARKET
Estimated value
$10,355,000
Apartment buildings
13000 Harriet S Ave, Burnsville, MN 55337-2695
Individually Owned
8-yr Hold
Property ID
US46-0619459
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1971
Construction
WOOD
Total area
289,920 SF
Lot
15.7 ac (683,892 SF)
Zoning code
R
APN
02-63100-01-010
UPID
US46-0619459
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
-
River South Apartments Apartment Building
-
Burnsville Area Veterinarian Service Veterinary Clinic
-
medline health partners Consultant
-
Glen at Burnsville Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.01M
Blend (final)
Blend
$10.36M
Owner & transaction history
Railsplitter-minnesota Stone · 8 yrs held
Railsplitter-minnesota Stone
since 2018
5 recorded transactions
Zoning & alternative use
R · Burnsville, MN
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
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
Blend value · Realmo final
$10.36M
Range $9.32M – $11.39M · ±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
$36 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$611,070
Tax year 2022
Assessed value
$47,732,500
Assessed 2022
Previous assessed
$47,732,500
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$4,248,600
Assessed improvement
$43,483,900
Land market value
$4,248,600
Improvement market value
$43,483,900
Total market value
$47,732,500
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Buildings
4
Units
304
Bathrooms
304
Total area
289,920 SF
Lot
15.7 ac (683,892 SF)
Zoning code
R
APN
02-63100-01-010
UPID
US46-0619459
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.
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
NONE
Buildings
4
Units
304
Bathrooms
304
Lot
15.7 ac
Current owner
From public records · entity-resolved
Railsplitter-minnesota Stone
Individual
Mailing address
10455 RIVERSIDE DR STE #200, WEST PALM BEACH, FL 33410-4332
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
Mar 30, 2018
$37,250,000
Railsplitter-minnesota Stone
Hudson Redwood Raven Hill LLC
Grant Deed
$27,874,000 · Wells Fargo Bk/tx
May 20, 2014
$25,750,760
Hudson Redwood Raven Hill LLC
Nighthawk Properties LLC
Warranty Deed
$21,560,000 · Cbre Capital Markets INC
Dec 27, 2010
—
Riley Family Eagle Lake LP
—
Deed Of Trust
related
$98,153,816 · Wells Fargo Bank
Oct 9, 2008
$22,700,000
Nighthawk Properties LLC
Orp Three LLC
Grant Deed
$30,299,998 · Wells Fargo Bank
Jul 15, 2008
—
Orp Three LLC
—
Deed Of Trust
related
$14,225,000 · New York 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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