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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Manufacturing properties
1605 Old Audubon Rd Chaska, MN 55318-4506
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-3169017
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1963
Total area
11,240 SF
Lot
1.35 ac (58,806 SF)
APN
30-1130020
UPID
US46-3169017
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
-
Landscape Design Services, LLC Landscaping General Contractor
-
ESS Leasing (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Edina Seasonal Services Landscaping General Contractor
-
Chaska Garage Door Repair Building Supply General Contractor
-
Durst & Gans Building Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.52M
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
Scenic Outdoor Services LLC · 3 yrs held
Scenic Outdoor Services LLC
since 2022
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+307.4%
Commercial (general)
$1.3M
+231.2%
Restaurant
$1.3M
+229.2%
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 Chaska submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chaska 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
$1,315,000
ML approach
$1,515,000
CAP Approach
CAP Return
Estimation
6%
$2,035,000
6.5%
$1,880,000
7%
$1,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,575,000
Change: +307% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,280,000
Change: +231% · Conversion: Difficult
RESTAURANT
$1,275,000
Change: +229% · Conversion: Difficult
MEDICAL BUILDING
$1,060,000
Change: +174% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,015,000
Change: +162% · Conversion: Easy
RETAIL STORES
$985,000
Change: +155% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.40M (Jan 5 2022)
Last sale anchor
$1.40M
Jan 5 2022
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
$125 / 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
$14,334
Tax year 2024
Assessed value
$565,900
Assessed 2024
Previous assessed
$543,200
+4.2% YoY
Effective rate
2.53%
On assessed value
Assessed land
$259,900
Assessed improvement
$306,000
Land market value
$259,900
Improvement market value
$306,000
Total market value
$565,900
Applied tax rate
112.0000
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
1963
Heating
SPACE
Cooling
YES
Total area
11,240 SF
Lot
1.35 ac (58,806 SF)
APN
30-1130020
UPID
US46-3169017
Jurisdiction
CARVER
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
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$985,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1963
Heating
SPACE
Cooling
Yes
Lot
1.35 ac
Current owner
From public records · entity-resolved
Scenic Outdoor Services LLC
Entity
Mailing address
1605 OLD AUDUBON RD, CHASKA, MN 55318-4506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Sep 19, 2022
—
Scenic Outdoor Services LLC
Ariz Properties LLC
Lease
$667,000 · Minnesota Business Finance Corp
Jan 5, 2022
$1,400,000
Ariz Properties LLC
Old Auduborn Holdings LLC
Limited Warranty Deed
$805,000 · Bell Bank
Mar 2, 2016
$510,000
Old Audubon Holdings LLC
East Creek Property Ents LLC
Warranty Deed
related
—
May 14, 2008
$450,000
East Creek Property Ents LLC
Holmes,charles B & Joan M
Warranty Deed
$391,950 · Klein 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.
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