New search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
14581 Grand Ave, Burnsville, MN 55306-5714
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0048977
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
WOOD
Total area
2,214 SF
Lot
0.03 ac (1,307 SF)
Zoning code
R
APN
02-90370-00-060
UPID
US46-0048977
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
-
Voss Patricia J Physician Medical Clinic
-
Griffith Louise Physician Medical Clinic
-
Pebble Creek Healing and Massage Alternative Medicine Practice Spa & Massage Center
-
Citrine Spirit Healing Spiritual Center
-
Classical Homeopathy Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Nbm Properties LLC · 1 yrs held
Nbm Properties LLC
since 2024
Last sale
$505,000
7 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$440,000
+29.5%
Auto repair, garage
$380,000
+11.5%
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
$505,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$450,000
7%
$420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$340,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$440,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$380,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$335,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$315,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $505k (Aug 5 2024)
Last sale anchor
$505k
Aug 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
$228 / 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
$3,200
Tax year 2023
Assessed value
$166,000
Assessed 2022
Previous assessed
$163,700
+1.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$49,600
Assessed improvement
$116,400
Land market value
$49,600
Improvement market value
$116,400
Total market value
$166,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Bathrooms
2
Total area
2,214 SF
Lot
0.03 ac (1,307 SF)
Zoning code
R
APN
02-90370-00-060
UPID
US46-0048977
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
OFFICE BUILDING Current
Est. value
$340,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$380,000
WAREHOUSE, STORAGE
Est. value
$335,000
RETAIL STORES
Est. value
$315,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1983
Construction
WOOD
Heating
NONE
Bathrooms
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Nbm Properties LLC
Entity
Mailing address
20271 HAMPTON CIR, LAKEVILLE, MN 55044-3003
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
Nbm Properties LLC
—
Deed
related
$305,000 · The Huntington National Bank
Aug 5, 2024
$505,000
Nbm Properties LLC
Lifetree Development LLC
Warranty Deed
$305,000 · The Huntington National Bank
Mar 29, 2022
—
Lifetree Development LLC
—
Deed
related
$393,750 · Falcon National Bank
Jul 18, 2012
$260,000
Lifetree Dev LLC
L & Y Dev LLC
Warranty Deed
$200,000 · Eagle Community Bank
Apr 22, 2005
$500
L & Y Dev LLC
Lee,kumsup & Hongjoo
Quit Claim Deed
related
$117,000 · Sterling State Bank
—
—
L & Y Dev LLC
—
Deed Of Trust
related
—
—
—
L & Y Dev LLC
—
Deed Of Trust
related
—
—
—
L & Y Dev LLC
—
Deed Of Trust
related
—
—
—
Hongjoo Lee
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14581 Grand Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
