Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,990,000
Manufacturing properties
16028 Frst N Blvd Hugo, MN 55038-8396
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0561057
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Total area
25,910 SF
Lot
20.78 ac (905,046 SF)
APN
08-031-21-43-0001
UPID
US46-0561057
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
$5.43M
CAP Approach
CAP
$4.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.99M
Owner & transaction history
Bradley Investments Forest Blvd LLC · 3 yrs held
Bradley Investments Forest Blvd LLC
since 2023
Last sale
$4.6M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.7M
+69.9%
Warehouse, storage
$4.6M
+68.3%
Retail stores
$4.5M
+65.1%
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 Hugo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hugo 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
$6,005,000
ML approach
$5,425,000
CAP Approach
CAP Return
Estimation
6%
$4,690,000
6.5%
$4,330,000
7%
$4,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,650,000
Change: +70% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,605,000
Change: +68% · Conversion: Easy
RETAIL STORES
$4,520,000
Change: +65% · Conversion: Moderate
OFFICE BUILDING
$3,925,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$4.99M
Range $4.49M – $5.49M · ±10% · vs last sale $4.60M (Jun 14 2023)
Last sale anchor
$4.60M
Jun 14 2023
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
$193 / 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
$45,868
Tax year 2023
Assessed value
$1,660,900
Assessed 2022
Previous assessed
$1,660,900
+0.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$488,700
Assessed improvement
$1,172,200
Land market value
$488,700
Improvement market value
$1,172,200
Total market value
$1,660,900
Applied tax rate
3,404.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2003
Heating
NONE
Buildings
2
Total area
25,910 SF
Lot
20.78 ac (905,046 SF)
APN
08-031-21-43-0001
UPID
US46-0561057
Jurisdiction
WASHINGTON
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
COMMERCIAL (GENERAL)
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
OFFICE BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE 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
2003
Heating
NONE
Buildings
2
Lot
20.78 ac
Current owner
From public records · entity-resolved
Bradley Investments Forest Blvd LLC
Entity
Mailing address
800 LONE OAK RD, EAGAN, MN 55121-2212
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
$4,600,000
Bradley Investments Forest Blvd LLC
Lametti & Sons INC
Warranty Deed
$3,450,000 · First Resource 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
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 16028 Frst N Blvd?
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.
