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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Manufacturing properties
1330 Ml Ln Waconia, MN 55387-1000
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0847261
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Total area
14,564 SF
Lot
2.74 ac (119,354 SF)
APN
75-5160010
UPID
US46-0847261
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
$2.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
1330 Mill Lane LLC · 1 yrs held
1330 Mill Lane LLC
since 2024
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+200.9%
Commercial (general)
$1.7M
+152.8%
Restaurant
$1.7M
+140.2%
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 Waconia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waconia 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%
$2,635,000
6.5%
$2,435,000
7%
$2,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,065,000
Change: +201% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,735,000
Change: +153% · Conversion: Difficult
RESTAURANT
$1,650,000
Change: +140% · Conversion: Difficult
RETAIL STORES
$1,485,000
Change: +116% · Conversion: Moderate
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±10% · vs last sale $2.28M (Sep 5 2024)
Last sale anchor
$2.28M
Sep 5 2024
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
$160 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,934
Tax year 2024
Assessed value
$1,362,900
Assessed 2024
Previous assessed
$1,326,500
+2.7% YoY
Effective rate
2.78%
On assessed value
Assessed land
$477,400
Assessed improvement
$885,500
Land market value
$477,400
Improvement market value
$885,500
Total market value
$1,362,900
Applied tax rate
110.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1998
Heating
YES
Stories
1
Total area
14,564 SF
Lot
2.74 ac (119,354 SF)
APN
75-5160010
UPID
US46-0847261
Jurisdiction
CARVER
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
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1998
Heating
YES
Stories
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
1330 Mill Lane LLC
Entity
Mailing address
1330 ML LN, WACONIA, MN 55387-1000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
1330 Mill Lane LLC
—
Deed
related
$1,028,000 · Wbd INC
Dec 5, 2024
$2,275,000
1330 Mill Lane LLC
Maple Leaf Ventures LLP
Warranty Deed
$1,254,000 · Drake Bank
Feb 14, 2018
—
Maple Leaf Ventures LLP
—
Deed
related
$255,553 · Security Bk/jones Cnty
—
—
Maple Leaf Ventures LLP
—
Deed Of Trust
related
$410,000 · Security Bank Waconia
—
—
Maple Leaf Ventures LLP
—
Deed Of Trust
related
$40,000 · City/waconia
—
—
Maple Leaf Ventures LLP
—
Loan Modification
related
$255,553 · Security Bk/jones Cnty
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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