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Property profile & analytics
OFF-MARKET
Estimated value
$9,610,000
Showrooms
1420 Perron E Rd, Mendota Heights, MN 55120-1747
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-1284229
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2021
Total area
75,250 SF
Lot
4.95 ac (215,622 SF)
Zoning code
R
APN
27-56550-01-010
UPID
US46-1284229
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
$9.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.61M
Owner & transaction history
1420 Perron Road East Owner LLC · 2 yrs held
1420 Perron Road East Owner LLC
since 2023
Last sale
$9.6M
3 recorded transactions
Zoning & alternative use
R · Mendota Heights, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.9M
+178.8%
Auto repair, garage
$15.3M
+167.7%
Neighborhood: shopping center
$12.6M
+121.6%
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
$9,765,000
ML approach
$9,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$15,885,000
Change: +179% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,250,000
Change: +168% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,630,000
Change: +122% · Conversion: Difficult
MEDICAL BUILDING
$11,085,000
Change: +95% · Conversion: Easy
WAREHOUSE, STORAGE
$8,670,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$8,240,000
Change: +45% · Conversion: Easy
RETAIL STORES
$7,695,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$9.61M
Range $8.65M – $10.57M · ±10% · vs last sale $9.59M (Sep 22 2023)
Last sale anchor
$9.59M
Sep 22 2023
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
$128 / 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
$126,346
Tax year 2023
Assessed value
$4,657,800
Assessed 2022
Previous assessed
$646,200
+620.8% YoY
Effective rate
2.71%
On assessed value
Assessed land
$910,700
Assessed improvement
$3,747,100
Land market value
$910,700
Improvement market value
$3,747,100
Total market value
$4,657,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2021
Heating
NONE
Total area
75,250 SF
Lot
4.95 ac (215,622 SF)
Zoning code
R
APN
27-56550-01-010
UPID
US46-1284229
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
RESTAURANT
Est. value
$15.9M
AUTO REPAIR, GARAGE
Est. value
$15.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$11.1M
WAREHOUSE, STORAGE
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.2M
RETAIL STORES
Est. value
$7.7M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2021
Heating
NONE
Lot
4.95 ac
Current owner
From public records · entity-resolved
1420 Perron Road East Owner LLC
Entity
Mailing address
5404 WISCONSIN AVE STE #1150, CHEVY CHASE, MD 20815-3596
Ownership since
2023
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
Sep 22, 2023
$9,591,675
1420 Perron Road East Owner LLC
David Berglund
Limited Warranty Deed
$20,637,500 · Jackson National Life Insurance Com
Aug 24, 2023
—
David Berglund
Pilot Knob Bc LLC
Limited Warranty Deed
—
Feb 23, 2005
$500
Lloyds Barbeque Co
General Mills Operations INC
Quit Claim 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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