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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Commercial real estate
1635 Coon Rpds NW Blvd, Coon Rapids, MN 55433-4779
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0969109
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,362 SF
Lot
1.15 ac (50,129 SF)
APN
22-31-24-44-0037
UPID
US46-0969109
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
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$860k
Owner & transaction history
Rec LLC · 2 yrs held
Rec LLC
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Coon Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coon Rapids 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
$885,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $800k (Oct 6 2023)
Last sale anchor
$800k
Oct 6 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
$103 / 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
$16,252
Tax year 2024
Assessed value
$773,400
Assessed 2024
Previous assessed
$773,400
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$184,700
Assessed improvement
$588,700
Land market value
$184,700
Improvement market value
$588,700
Total market value
$773,400
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
EVAPORATIVE
Stories
2
Total area
8,362 SF
Lot
1.15 ac (50,129 SF)
APN
22-31-24-44-0037
UPID
US46-0969109
Jurisdiction
ANOKA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
Rec LLC
Entity
Mailing address
1635 COON RPDS BLVD NW, COON RAPIDS, MN 55433-4779
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$800,000
Rec LLC
Venture On Rapids Blvd Lllp
Contract Sale
$800,000 · Not Available
Jan 3, 2022
—
Venture On Rapids Blvd Lllp
—
Deed
related
$720,000 · Hiawatha National Bank
Dec 21, 2021
—
Venture On Rapids Blvd Lllp
Mvk Capital LLC
Quit Claim Deed
related
—
Oct 18, 2021
$625,000
Mvk Capital LLC
Wjd INC
Warranty Deed
—
Dec 28, 2017
$400,000
Bluepearl Real Estate LLC
Affiliated Emergency Veterinar
Grant Deed
—
—
—
Wjd INC
—
Deed Of Trust
related
$150,000 · Northwest Bank
—
—
Wjd Ince
—
Loan Modification
related
—
—
—
Wjd INC
—
Loan Modification
related
—
—
—
Wjd INC
—
Loan Modification
related
—
—
—
Wjd INC
—
Loan Modification
related
—
—
—
Wjd INC
—
Deed Of Trust
related
$610,000 · Northwest Bank
—
—
Wjd INC
—
Deed Of Trust
related
$495,000 · Bremer Bank NA
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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