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Property profile & analytics
OFF-MARKET
Estimated value
$4,790,000
Office buildings
1601 Hwy 13th E Burnsville, MN 55337-6865
Entity Owned
8-yr Hold
Free & Clear
Property ID
US46-0968456
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
CONCRETE
Total area
57,324 SF
Lot
2.8 ac (121,968 SF)
Zoning code
R
APN
02-31900-01-020
UPID
US46-0968456
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
-
Comet USA, Inc. Distribution Center Logistics Company
-
Central Business Jets, Inc. Aviation Consultant Aircraft Supply Store
-
HAMID REZA ABBASI Physician
-
Inspired Spine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.83M
Blend (final)
Blend
$4.79M
Owner & transaction history
Inspired Spine Properties LLC · 8 yrs held
Inspired Spine Properties LLC
since 2017
6 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.6M
+1.1%
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
OFFICE BUILDING
$6,560,000
Current use
INDUSTRIAL (GENERAL)
$6,635,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,255,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$4.79M
Range $4.31M – $5.27M · ±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
$84 / 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
$66,868
Tax year 2023
Assessed value
$2,254,900
Assessed 2022
Previous assessed
$2,212,000
+1.9% YoY
Effective rate
2.97%
On assessed value
Assessed land
$769,100
Assessed improvement
$1,485,800
Land market value
$769,100
Improvement market value
$1,485,800
Total market value
$2,254,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
57,324 SF
Lot
2.8 ac (121,968 SF)
Zoning code
R
APN
02-31900-01-020
UPID
US46-0968456
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.6M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$5.3M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
2.8 ac
Current owner
From public records · entity-resolved
Inspired Spine Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1509 HWY 13TH E, BURNSVILLE, MN 55337-2917
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
Inspired Spine Properties LLC
—
Deed
related
$7,200,000 · First Bank & Trust
Dec 12, 2017
$4,500,000
Inspired Spine Properties LLC
Jpmcc 2004-ln2 Twin Cities Poo
Grant Deed
—
Mar 22, 2016
—
Jpmcc 2004-ln2 Twin Cities Poo
Wells Fargo Bk 2004-ln2
Grant Deed
—
Jul 23, 2015
$11,473,596
Wells Fargo Bank NA 2004-ln2 Tr
Deputy Sheriff Of Dakota County|fenton Sub Parcel
Trustees Deed
related
—
Jan 6, 2004
$500
Fenton Subsidiary LLC
Duke Realty
Grant Deed
$49,000,000 · Nomura Credit & Capital INC
—
—
Fenton Sub Parcel A LLC|bowles Sub Parcel A LLC
—
Deed Of Trust
related
$642,022 · Steven B Hoyt
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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