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Property profile & analytics
FOR LEASE
Distribution centers
151 Cliff Rd E Burnsville, MN 55337
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0257448
For Lease
1 / 2
$4,845,000
151 Cliff Rd E, Burnsville, MN 55337
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1996
Construction
CONCRETE
Total area
50,260 SF
Lot
4.57 ac (199,069 SF)
APN
02-51356-01-010
UPID
US46-0257448
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
-
InSports Foundation Charitable Organization Social Service Agency
-
Innovative Office Solutions (Bike/Boat/Book/etc) Store
-
Creative Touch Interiors Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.85M
Owner & transaction history
Harliko Cliff Road Ventures Ll · 14 yrs held
Harliko Cliff Road Ventures Ll
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
WAREHOUSE, STORAGE
$7,655,000
Current use
RETAIL STORES
$7,165,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$4.85M
Range $4.36M – $5.33M · ±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
$96 / 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
$106,598
Tax year 2023
Assessed value
$3,694,500
Assessed 2022
Previous assessed
$3,588,600
+3.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$797,800
Assessed improvement
$2,896,700
Land market value
$797,800
Improvement market value
$2,896,700
Total market value
$3,694,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1996
Construction
CONCRETE
Heating
NONE
Bathrooms
9
Total area
50,260 SF
Lot
4.57 ac (199,069 SF)
APN
02-51356-01-010
UPID
US46-0257448
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
WAREHOUSE, STORAGE Current
Est. value
$7.7M
RETAIL STORES
Est. value
$7.2M
WAREHOUSE, STORAGE Current
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
1996
Construction
CONCRETE
Heating
NONE
Bathrooms
9
Lot
4.57 ac
Current owner
From public records · entity-resolved
Harliko Cliff Road Ventures Ll
Entity
Mailing address
4797 4TH SEASONS DR, EAGAN, MN 55122-2916
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2016
—
Harliko Cliff Road Ventures Ll
—
Deed
related
$8,000,000 · Anchor Bk
Apr 26, 2016
—
Harliko Cliff Road Ventures Ll
—
Deed Of Trust
related
$1,200,000 · Anchor Bk
Oct 24, 2011
$2,100,000
Harliko Cliff Road Ventures Ll
Bnc Natl Bk
Grant Deed
$1,470,000 · Bnc National Bank
Apr 7, 2011
$1,872,797
Bnc Natl Bk
Deputy Sheriff Of Dakota Cnty
Trustees Deed
related
—
Sep 8, 2004
$758,621
Geneva Exchange Fund Xvii LLC
Wlpt Cliffsix LLC
Warranty Deed
related
—
Sep 8, 2004
$140,000
Geneva Nbcx Vi LLC
Geneva Exchange Fund Xvii LLC
Grant Deed
related
—
Sep 8, 2004
$75,000
Geneva Nbcx V LLC
Geneva Exchange Fund Xvii LLC
Grant Deed
related
—
Sep 8, 2004
$100,000
Geneva Nbcx I LLC
Geneva Exchange Fund Xvii LLC
Grant Deed
related
—
Sep 8, 2004
$175,000
Geneva Nbcx II LLC
Geneva Exchange Fund Xvii LLC
Grant Deed
related
—
Sep 8, 2004
$500,000
Geneva Nbcx III LLC
Geneva Exchange Fund Xvii LLC
Grant Deed
related
—
—
—
Harliko Cliff Road Ventures Ll
—
Deed Of Trust
related
$1,450,000 · Anchor Bank NA
—
—
Harliko Cliff Road Ventures Ll
—
Loan Modification
related
$8,000,000 · Anchor Bk
—
—
Geneva Exchange Fund Xvii Ll
—
Deed Of Trust
related
$2,500,000 · Bnc National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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