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Property profile & analytics
OFF-MARKET
Estimated value
$3,725,000
Showrooms
14925 Energy Way, Apple Valley, MN 55124-5741
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US46-0490538
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1994
Construction
CONCRETE
Total area
48,214 SF
Lot
2.84 ac (123,710 SF)
APN
01-23800-01-010
UPID
US46-0490538
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.24M
Blend (final)
Blend
$3.73M
Owner & transaction history
Mlr Essig LLC · 15 yrs held
Mlr Essig LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.6M
+52.2%
Office building
$5.3M
+44.6%
Retail stores
$4.9M
+35.0%
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 Apple Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apple Valley 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
COMMERCIAL (GENERAL)
$3,650,000
Current use
WAREHOUSE, STORAGE
$5,555,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$5,280,000
Change: +45% · Conversion: Easy
RETAIL STORES
$4,930,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±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
$77 / 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
$107,668
Tax year 2023
Assessed value
$3,739,700
Assessed 2022
Previous assessed
$3,287,900
+13.7% YoY
Effective rate
2.88%
On assessed value
Assessed land
$742,700
Assessed improvement
$2,997,000
Land market value
$742,700
Improvement market value
$2,997,000
Total market value
$3,739,700
Applied tax rate
1.0000
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
1994
Construction
CONCRETE
Heating
NONE
Bathrooms
3
Total area
48,214 SF
Lot
2.84 ac (123,710 SF)
APN
01-23800-01-010
UPID
US46-0490538
Jurisdiction
DAKOTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
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
1994
Construction
CONCRETE
Heating
NONE
Bathrooms
3
Lot
2.84 ac
Current owner
From public records · entity-resolved
Mlr Essig LLC
Entity
Mailing address
14925 ENERGY WAY, APPLE VALLEY, MN 55124-5741
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2021
—
Mlr Essig LLC
—
Deed
related
$1,825,000 · Frandsen Bank & Trust
Oct 11, 2018
—
Mlr Essig LLC
—
Trustees Deed
related
$1,900,000 · Old Nat'l Bk
Jul 7, 2011
$1,256,251
Mlr Essig LLC
Bothum Leasing Company
Warranty Deed
$879,000 · Anchor Bank NA
Jan 31, 2008
—
Bothum Leasing Co
—
Trustees Deed
related
$150,000 · American Bank Of St Paul
Mar 19, 2004
$500
Bothum Leasing Co
Apple Valley Economic Dev Auth
Quit Claim Deed
related
$920,000 · Associated Bank Minnesota
—
—
Bothum Leasing Co
—
Deed Of Trust
related
$150,000 · Associated Bank
—
—
Bothum Leasing Co
—
Deed Of Trust
related
$150,000 · American Bank Of St Paul
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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