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Property profile & analytics
OFF-MARKET
Estimated value
$3,175,000
Office buildings
1611 County Rd B W B, Roseville, MN 55113-5021
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0272281
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1980
Total area
38,472 SF
Lot
2.88 ac (125,322 SF)
Zoning code
B
APN
09-29-23-44-0010
UPID
US46-0272281
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
$3.15M
Blend (final)
Blend
$3.18M
Owner & transaction history
J Mollner INC · 15 yrs held
J Mollner INC
since 2011
7 recorded transactions
Zoning & alternative use
B · Roseville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.4M
+5.2%
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 Roseville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roseville 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
$4,210,000
Current use
WAREHOUSE, STORAGE
$4,430,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$3,935,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,540,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$3.18M
Range $2.86M – $3.49M · ±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
$83 / 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
$100,414
Tax year 2023
Assessed value
$3,066,400
Assessed 2023
Previous assessed
$3,077,800
-0.4% YoY
Effective rate
3.27%
On assessed value
Assessed land
$1,503,900
Assessed improvement
$1,562,500
Land market value
$1,503,900
Improvement market value
$1,562,500
Total market value
$3,066,400
Applied tax rate
623.0000
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 (MULTI-STORY)
Status
Off-Market
Year built
1980
Heating
STEAM
Buildings
3
Total area
38,472 SF
Lot
2.88 ac (125,322 SF)
Zoning code
B
APN
09-29-23-44-0010
UPID
US46-0272281
Jurisdiction
RAMSEY
Zoning & alternative use
B · Roseville, MN
Zoning B · permitted uses
B · Roseville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roseville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1980
Heating
STEAM
Buildings
3
Lot
2.88 ac
Current owner
From public records · entity-resolved
J Mollner INC
Entity
Mailing address
2062 MARSHALL AVE, SAINT PAUL, MN 55104-5779
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2017
—
Roseridge Offices LLC
—
Deed
related
$170,000 · Us Bk
Aug 15, 2017
—
Roseridge Officesllc
—
Deed
related
$170,000 · Us Bk
Jun 8, 2011
$800,000
J Mollner INC
Sheriff Of Ramsey County
Trustees Deed
—
Apr 1, 2010
$664,000
Shelly Storch
Roseridge Holdings LLC
Quit Claim Deed
related
—
Apr 1, 2010
$1,158,000
Legend Holdings II LLC
Roseridge Holdings LLC
Warranty Deed
related
—
Dec 6, 2005
$664,000
Shelly Storch
Roseridge Holdings LLC
Grant Deed
—
Dec 6, 2005
$2,772,000
Legend Holdings II LLC
Linn,daniel R
Warranty Deed
related
—
Apr 2, 2004
$3,025,000
Roseridge Holdings LLC
Timberland Partners Xiv LLP
Grant Deed
related
$2,268,750 · Peoples Bank Of Commerce
Feb 16, 2000
$2,700,000
Timberland Partners Xiv LLP
Wxi/ajp Real Estate LP
Grant Deed
$2,100,000 · Richfield Bank & Trust Co
Jun 8, 1999
—
Wxi/ajp Real Estate LP
Roseridge Jack LP
Grant Deed
$92,225,000 · Lehman Brothers Holdings INC
Apr 28, 1999
$1,949,500
Wxi/ajp Real Estate LP
Roseridge Jack LP
Grant Deed
$92,225,000 · Lehman Brothers Holdings INC
—
—
Roseridge Officesllc
—
Deed Of Trust
related
$170,000 · Us Bk
—
—
Roseridge Offices LLC
—
Deed Of Trust
related
$170,000 · Us 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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