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Property profile & analytics
FOR SALE
Distribution centers
1370 Mendota Heights Rd, Mendota Heights, MN 55120
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0299680
For Sale
1 / 2
$3,786,685
1370 Mendota Heights Rd, Mendota Heights, MN 55120
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1984
Construction
STEEL FRAME
Total area
19,220 SF
Lot
1.69 ac (73,616 SF)
Zoning code
R
APN
27-48250-01-020
UPID
US46-0299680
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
$3.03M
CAP Approach
CAP
$3.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
Keller & Pash LLC · 6 yrs held
Keller & Pash LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
R · Mendota Heights, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+83.2%
Auto repair, garage
$3.9M
+75.9%
Neighborhood: shopping center
$3.2M
+45.7%
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 Mendota Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mendota Heights 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
$3,150,000
ML approach
$3,030,000
CAP Approach
CAP Return
Estimation
6%
$4,225,000
6.5%
$3,900,000
7%
$3,620,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,215,000
Current use
RESTAURANT
$4,060,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,895,000
Change: +76% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,225,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$2,830,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$2,105,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,965,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10% · vs last sale $2.85M (Jan 29 2020)
Last sale anchor
$2.85M
Jan 29 2020
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
$155 / 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
$35,568
Tax year 2023
Assessed value
$1,356,400
Assessed 2022
Previous assessed
$1,318,300
+2.9% YoY
Effective rate
2.62%
On assessed value
Assessed land
$343,800
Assessed improvement
$1,012,600
Land market value
$343,800
Improvement market value
$1,012,600
Total market value
$1,356,400
Applied tax rate
27.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Total area
19,220 SF
Lot
1.69 ac (73,616 SF)
Zoning code
R
APN
27-48250-01-020
UPID
US46-0299680
Jurisdiction
DAKOTA
Zoning & alternative use
R · Mendota Heights, MN
Zoning R · permitted uses
R · Mendota Heights, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mendota Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
RESTAURANT
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1984
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Lot
1.69 ac
Current owner
From public records · entity-resolved
Keller & Pash LLC
Entity
Mailing address
1150 MONTREAL AVE, SAINT PAUL, MN 55116-2390
Ownership since
2020
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
Jan 29, 2020
$2,850,000
Keller & Pash LLC
Msd INC
Limited Warranty Deed
$2,738,000 · Visionbank Of Iowa
Nov 1, 2018
—
Mid-states Distributing Co INC
—
Deed
related
$2,000,000 · Minnwest Bk
Jun 5, 2014
$1,520,000
Mid States Distributing Company INC
Wyatt The Pudel Pointer M H LLC
Limited Warranty Deed
$905,000 · Highland Bank
Dec 21, 2012
—
Wyatt The Pudel Pointer Mh LLC
—
Deed Of Trust
related
$4,550,000 · Aetna Life Insurance & Annuity
Mar 28, 2012
$10,070,000
Wyatt The Pudel Pointer Mh LLC
Tr Mendota Heights LLC
Limited Warranty Deed
$7,552,500 · Community Bank Corporation
Jul 28, 2009
$500
Tr Mendota Heights LLC
Teachers Retirement System Of St
Grant Deed
related
—
—
—
Mid-states Distributing Co INC
—
Deed Of Trust
related
$2,000,000 · Minnwest Bk
—
—
Mid-states Distributing Co INC
—
Deed Of Trust
related
$345,000 · Highland Bk
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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