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Property profile & analytics
OFF-MARKET
Estimated value
$4,525,000
Showrooms
1351 Larc Industrial Blvd, Burnsville, MN 55337-1411
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0999409
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1975
Construction
CONCRETE
Total area
63,600 SF
Lot
3.92 ac (170,755 SF)
Zoning code
R
APN
02-44300-02-040
UPID
US46-0999409
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
-
#thepitch Sports Field & Court Sports School
-
Skills FC Soccer and Futsal Club Sports School Sports Field & Court
-
I Got Skills - MN Soccer Training Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.44M
Blend (final)
Blend
$4.53M
Owner & transaction history
American Arena LLC · 2 yrs held
American Arena LLC
since 2024
6 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$7.4M
+26.4%
Office building
$7.3M
+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)
$5,830,000
Current use
INDUSTRIAL (GENERAL)
$7,365,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$7,280,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$4.53M
Range $4.07M – $4.98M · ±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
$71 / 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
$99,828
Tax year 2023
Assessed value
$3,471,100
Assessed 2022
Previous assessed
$3,471,100
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$801,700
Assessed improvement
$2,669,400
Land market value
$801,700
Improvement market value
$2,669,400
Total market value
$3,471,100
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
1975
Construction
CONCRETE
Heating
NONE
Bathrooms
6
Total area
63,600 SF
Lot
3.92 ac (170,755 SF)
Zoning code
R
APN
02-44300-02-040
UPID
US46-0999409
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
COMMERCIAL (GENERAL) Current
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.3M
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
1975
Construction
CONCRETE
Heating
NONE
Bathrooms
6
Lot
3.92 ac
Current owner
From public records · entity-resolved
American Arena LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1351 LARC INDUSTRIAL BLVD, BURNSVILLE, MN 55337-1411
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
Jan 23, 2024
—
American Arena LLC
1351 Lark LLC
Lease
—
Sep 21, 2023
$5,900,000
1351 Lark LLC
1351 Lark LLC
Warranty Deed
related
$2,976,400 · Visionbank Of Iowa
Oct 12, 2022
—
1351 Larc LLC
Stonegate Plaza LLC
Quit Claim Deed
related
$323,500 · Visionbank Of Iowa
Oct 22, 2015
$2,250,000
Stonegate Plaza LLC
Fenton Sub Parcel C LLC
Warranty Deed
$1,500,000 · Vision Bank
Jun 7, 2004
$500
Fenton Sub Parcel C LLC
Fenton Subsidiary LLC
Quit Claim Deed
related
$15,654,000 · Nomura Credit & Capital INC
Jan 6, 2004
$500
Fenton Subsidiary LLC
Duke Realty
Grant Deed
$2,000,000 · Nomura Credit & Capital INC
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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