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Property profile & analytics
OFF-MARKET
Estimated value
$9,535,000
Apartment buildings
14601 Portland Ave Burnsville, MN 55306-4601
Entity Owned
9-yr Hold
Property ID
US46-0760070
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1984
Construction
WOOD
Total area
96,448 SF
Lot
17.66 ac (769,270 SF)
Zoning code
R
APN
02-15388-01-010
UPID
US46-0760070
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
-
Katos Construction Construction Company
-
D D's Hauling & Clean-Up Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.14M
Blend (final)
Blend
$9.54M
Owner & transaction history
Rre Woods Holdings LLC · 9 yrs held
Rre Woods Holdings LLC
since 2016
3 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.8M
+79.4%
Warehouse, storage
$14.7M
+78.6%
Retail stores
$13.7M
+67.1%
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
APARTMENT HOUSE (5+ UNITS)
$8,225,000
Current use
OFFICE BUILDING
$14,760,000
Change: +79% · Conversion: Moderate
WAREHOUSE, STORAGE
$14,690,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$13,745,000
Change: +67% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,165,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$9.54M
Range $8.58M – $10.49M · ±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
$99 / 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
$911,610
Tax year 2023
Assessed value
$68,274,600
Assessed 2022
Previous assessed
$68,274,600
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$5,576,200
Assessed improvement
$62,698,400
Land market value
$5,576,200
Improvement market value
$62,698,400
Total market value
$68,274,600
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Buildings
4
Units
399
Bathrooms
646
Total area
96,448 SF
Lot
17.66 ac (769,270 SF)
Zoning code
R
APN
02-15388-01-010
UPID
US46-0760070
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.2M
OFFICE BUILDING
Est. value
$14.8M
WAREHOUSE, STORAGE
Est. value
$14.7M
RETAIL STORES
Est. value
$13.7M
INDUSTRIAL (GENERAL)
Est. value
$11.2M
APARTMENT HOUSE (5+ UNITS) Current
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
1984
Construction
WOOD
Heating
NONE
Buildings
4
Units
399
Bathrooms
646
Lot
17.66 ac
Current owner
From public records · entity-resolved
Rre Woods Holdings LLC
Entity
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2016
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
Dec 28, 2016
$51,000,000
Rre Woods Holdings LLC
Wrpv Xi Woods Burnsville LLC
Grant Deed
related
—
Nov 30, 2012
$28,850,000
Wrpv Xi Woods Burnsville LLC
Aimco Woods Of Burnsville LLC
Grant Deed
$25,000,000 · M & T Realty Capital Corp
—
—
Rre Woods Holdings LLC
—
Deed Of Trust
related
$38,250,000 · Cbre Cap Markets
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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