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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Automotive properties
1600 Cannon Ln, Northfield, MN 55057-3601
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US46-1314408
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1986
Total area
11,900 SF
Lot
3.4 ac (148,104 SF)
APN
22.11.1.02.007
UPID
US46-1314408
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
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Land Growth LLC
Land Growth LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+51.0%
Commercial (general)
$1.5M
+38.7%
Warehouse, storage
$1.2M
+10.9%
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 Northfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northfield 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
AUTO REPAIR, GARAGE
$1,115,000
Current use
RETAIL STORES
$1,680,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,545,000
Change: +39% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,235,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$1,060,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$87 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$57,566
Tax year 2024
Assessed value
$1,726,700
Assessed 2024
Previous assessed
$1,726,700
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$392,200
Assessed improvement
$1,334,500
Land market value
$392,200
Improvement market value
$1,334,500
Total market value
$1,726,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
3
Stories
1
Total area
11,900 SF
Lot
3.4 ac (148,104 SF)
APN
22.11.1.02.007
UPID
US46-1314408
Jurisdiction
RICE
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
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1986
Heating
NONE
Stories
1
Buildings
3
Lot
3.4 ac
Current owner
From public records · entity-resolved
Land Growth LLC
Entity
Mailing address
7200 150TH ST W, APPLE VALLEY, MN 55124-6961
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
$5,510,000
Land Growth LLC
Gulbrandson Real Estate Lllp
Deed
$3,447,728 · Wells Fargo Bank NA
Jan 4, 2021
—
Gulbrandson Real Estate Lllp
—
Deed
related
$3,960,000 · Wells Fargo Bk
Feb 5, 2020
—
Gulbrandson Real Estate Lllp
—
Deed
related
$3,500,000 · Ally Bk
May 24, 2019
—
Cemstone Products Co
—
Correction Deed
related
$11,450,000 · Associated Bk
Nov 12, 2013
—
Gulbrandson Real Estate Lllp
Apple Auto Properties INC
Quit Claim Deed
related
—
Apr 27, 2011
—
Apple Auto Properties INC
City Of Northfield Minnesota
Quit Claim Deed
related
—
Mar 21, 2011
$3,825,000
Apple Auto Properties INC
Furlong,thomas K & Diane
Warranty Deed
—
Jan 25, 2007
—
Thomas K Furlong
Furlong,thomas K & Diane D
Quit Claim Deed
related
$1,750,000 · Community Resource Bank
—
—
Gulbrandson Real Estate Lllp
—
Deed Of Trust
related
$3,500,000 · Ally Bk
—
—
Gulbrandson Real Estate Lllp
—
Loan Modification
related
$3,500,000 · Ally Bk
—
—
Gulbrandson Real Estate Lllp
—
Deed Of Trust
related
$3,960,000 · Wells Fargo Bk
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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