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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Investment properties
151 Silver Lk NW Rd, New Brighton, MN 55112-3162
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0467302
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1967
Construction
WOOD FRAME
Total area
39,256 SF
Lot
1.46 ac (63,423 SF)
Zoning code
D
APN
30-30-23-43-0023
UPID
US46-0467302
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$990k
Owner & transaction history
Billmam Mn LLC · 2 yrs held
Billmam Mn LLC
since 2024
4 recorded transactions
Zoning & alternative use
D · New Brighton, MN
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 New Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brighton 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
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$25 / 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
$35,640
Tax year 2023
Assessed value
$1,418,600
Assessed 2023
Previous assessed
$1,418,600
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$571,100
Assessed improvement
$847,500
Land market value
$571,100
Improvement market value
$847,500
Total market value
$1,418,600
Applied tax rate
621.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1967
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
39,256 SF
Lot
1.46 ac (63,423 SF)
Zoning code
D
APN
30-30-23-43-0023
UPID
US46-0467302
Jurisdiction
RAMSEY
Zoning & alternative use
D · New Brighton, MN
Zoning D · permitted uses
D · New Brighton, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brighton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
1.46 ac
Current owner
From public records · entity-resolved
Billmam Mn LLC
Entity
Free & Clear · 2 yrs held
Mailing address
501ST S REINO RD #392, NEWBURY PARK, CA 91320-4268
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
—
151 Silver Lake Partners LLC
—
Deed
related
$1,372,500 · Royal Cu
Mar 15, 2024
—
Billmam Mn LLC
Rodney W Billman
Deed
—
Oct 26, 2016
—
Billman Family Trust
—
Deed
related
$100,000 · Trustone Fin'l FCU
—
—
Billman Family Trust
—
Deed Of Trust
related
$100,000 · Trustone Fin'l FCU
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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