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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Showrooms
14480 Ewing S Ave Burnsville, MN 55306-3806
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-1051899
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1999
Construction
CONCRETE
Total area
11,420 SF
Lot
1.09 ac (47,480 SF)
Zoning code
R
APN
02-15385-01-040
UPID
US46-1051899
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
-
R & D Agency Law Firm Security Service
-
United Driveways General Contractor Construction Company
-
Privacy and Cookie Policy Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.41M
Owner & transaction history
Change Direction LLC · 2 yrs held
Change Direction LLC
since 2023
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Folder: /
Top alternative use upside
Neighborhood: shopping center
$2.3M
+116.4%
Restaurant
$2.2M
+111.7%
Auto repair, garage
$2.0M
+86.3%
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
$1,445,000
ML approach
$1,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,045,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,265,000
Change: +116% · Conversion: Difficult
RESTAURANT
$2,215,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,950,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$1,750,000
Change: +67% · Conversion: Easy
WAREHOUSE, STORAGE
$1,740,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,630,000
Change: +56% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,320,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.42M (Aug 21 2023)
Last sale anchor
$1.42M
Aug 21 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
$123 / 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
$50,352
Tax year 2023
Assessed value
$1,246,700
Assessed 2022
Previous assessed
$1,150,400
+8.4% YoY
Effective rate
4.04%
On assessed value
Assessed land
$236,600
Assessed improvement
$1,010,100
Land market value
$236,600
Improvement market value
$1,010,100
Total market value
$1,246,700
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
1999
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Total area
11,420 SF
Lot
1.09 ac (47,480 SF)
Zoning code
R
APN
02-15385-01-040
UPID
US46-1051899
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MNZoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Folder: /
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1999
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Lot
1.09 ac
Current owner
From public records · entity-resolved
Change Direction LLC
Entity
Mailing address
14480 EWING AVE S, BURNSVILLE, MN 55306-3806
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
$1,420,000
Change Direction LLC
Everest Enterprises LLC
Warranty Deed
$1,478,000 · Old National Bank
Dec 20, 2016
—
Everest Ents LLC
—
Deed
related
$300,000 · Us Bk
—
—
Everest Ents LLC
—
Loan Modification
related
$403,763 · Wells Fargo Bank
—
—
Everest Ents LLC
—
Deed Of Trust
related
$523,000 · Wells Fargo Bank
—
—
Everest Ents LLC
—
Deed Of Trust
related
$300,000 · Us Bk
—
—
Everest Ents LLC
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
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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