New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,530,000
Strip malls
15624 Pilot Knob Rd, Apple Valley, MN 55124-7297
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0572610
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
CONCRETE
Total area
9,600 SF
Lot
1.4 ac (60,984 SF)
APN
01-18058-01-030
UPID
US46-0572610
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
$2.55M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$2.53M
Owner & transaction history
Bear Cobblestone LLC · 12 yrs held
Bear Cobblestone LLC
since 2014
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+25.8%
Auto repair, garage
$1.9M
+20.8%
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
$2,695,000
ML approach
$2,550,000
CAP Approach
CAP Return
Estimation
6%
$2,075,000
6.5%
$1,915,000
7%
$1,780,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,610,000
Current use
RESTAURANT
$2,025,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,945,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.28M – $2.78M · ±10% · vs last sale $2.44M (Dec 21 2020)
Last sale anchor
$2.44M
Dec 21 2020
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
$264 / 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
$49,462
Tax year 2023
Assessed value
$1,587,300
Assessed 2022
Previous assessed
$1,484,400
+6.9% YoY
Effective rate
3.12%
On assessed value
Assessed land
$638,000
Assessed improvement
$949,300
Land market value
$638,000
Improvement market value
$949,300
Total market value
$1,587,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Total area
9,600 SF
Lot
1.4 ac (60,984 SF)
APN
01-18058-01-030
UPID
US46-0572610
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Construction
CONCRETE
Heating
NONE
Lot
1.4 ac
Current owner
From public records · entity-resolved
Bear Cobblestone LLC
Entity
Mailing address
525 DEMERS AVE, GRAND FORKS, ND 58201-4528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2019
—
2075 Ford Parkway LLC
—
Deed
related
$4,019,014 · First Wstrn Bk
Feb 25, 2019
—
Bear Cobblestone LLC
—
Deed
related
$1,369,723 · Flagship Bk/mn
Nov 7, 2018
—
2075 Ford Parkway LLC
—
Deed
related
$5,290,000 · First Wstrn Bk
Oct 19, 2018
—
2075 Ford Parkway LLC
—
Loan Modification
related
$5,290,000 · First Wstrn Bk
Sep 27, 2018
—
Bear Cobblestone LLC
—
Deed
related
$797,148 · Flagship Bk/mn
Jul 25, 2016
—
Bear Cobblestone 2 LLC
—
Deed
related
$1,637,000 · Flagship Bk/mn
Nov 5, 2014
—
Bear Cobblestone 2 LLC|bear Cobblestone LLC
—
Grant Deed
related
$2,164,000 · Premier Bk
Feb 11, 2014
$560,000
Bear Cobblestone LLC
Ryan Companies Us INC
Warranty Deed
$620,310 · Landmark Community Bank
Jan 23, 2013
—
Ryan Companies Us INC
—
Deed Of Trust
related
$5,088,717 · Bmo Harris Bank
Jan 5, 2011
—
Ryan Companies Us INC
—
Deed Of Trust
related
$5,088,717 · M & I Marshall & Isley Bank
Jul 21, 2009
—
Ryan Companies Us INC
—
Deed Of Trust
related
$9,596,000 · M & I Marshall & Isley Bank
—
—
Bear Cobblestone LLC
—
Loan Modification
related
$1,369,723 · Flagship Bk/mn
—
—
2075 Ford Parkway LLC
—
Loan Modification
related
$5,290,000 · First Wstrn Bk
—
—
Ryan Companies Us INC
—
Loan Modification
related
$5,088,717 · Bmo Harris Bk NA
—
—
2075 Ford Parkway LLC
—
Loan Modification
related
$4,019,014 · First Wstrn Bk
—
—
Bear Cobblestone 2 LLC
—
Deed Of Trust
related
$1,637,000 · Flagship Bk/mn
—
—
Bear Cobblestone LLC
—
Deed Of Trust
related
$797,148 · Flagship Bk/mn
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 15624 Pilot Knob Rd?
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.
