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Property profile & analytics
OFF-MARKET
Estimated value
$10,340,000
Commercial real estate
13101 Ridgedale Dr, Minnetonka, MN 55305
Entity Owned
Free & Clear
Property ID
US46-3225986
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1981
Construction
STEEL FRAME
Total area
71,990 SF
Lot
5.85 ac (254,826 SF)
Zoning code
PID
APN
03-117-22-42-0022
UPID
US46-3225986
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.26M
Comparable Approach
Comparable
$7.40M
Blend (final)
Blend
$10.34M
Owner & transaction history
Marshalls Of Richfield Mn INC
Marshalls Of Richfield Mn INC
since 2025
3 recorded transactions
Zoning & alternative use
PID · Minnetonka, 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 Minnetonka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minnetonka 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%
$13,280,000
6.5%
$12,260,000
7%
$11,385,000
Blend value · Realmo final
$10.34M
Range $9.31M – $11.37M · ±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
$144 / 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
$716,226
Tax year 2023
Assessed value
$24,495,000
Assessed 2023
Previous assessed
$21,300,000
+15.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$5,095,000
Assessed improvement
$19,400,000
Land market value
$5,095,000
Improvement market value
$19,400,000
Total market value
$24,495,000
Applied tax rate
284.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
CENTRAL
Total area
71,990 SF
Lot
5.85 ac (254,826 SF)
Zoning code
PID
APN
03-117-22-42-0022
UPID
US46-3225986
Jurisdiction
HENNEPIN
Zoning & alternative use
PID · Minnetonka, MN
Zoning PID · permitted uses
PID · Minnetonka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Minnetonka. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Lot
5.85 ac
Current owner
From public records · entity-resolved
Marshalls Of Richfield Mn INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 41273, CREVE COEUR, MO 63141
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
Marshalls Of Richfield Mn INC
Rh Associates LLC
Deed
—
Feb 28, 2006
$29,100,000
Ridgehaven Mall INC
Sage Land Co INC
Warranty Deed
—
Aug 13, 2004
$20,000,000
River Oaks Ranch Water System
Thrivent Finl For Lutherans
Warranty Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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