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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Strip malls
16412 Kenrick Ave Lakeville, MN 55044-9448
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-1038968
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE
Total area
16,832 SF
Lot
2.27 ac (98,881 SF)
APN
22-30752-01-010
UPID
US46-1038968
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
-
Minnesota Hot Tubs (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Kp LLC · 7 yrs held
Kp LLC
since 2019
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 Lakeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeville 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
RESTAURANT
$3,265,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,875,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±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
$119 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$84,248
Tax year 2022
Assessed value
$2,794,600
Assessed 2022
Previous assessed
$2,794,600
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$1,032,600
Assessed improvement
$1,762,000
Land market value
$1,032,600
Improvement market value
$1,762,000
Total market value
$2,794,600
Applied tax rate
22.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Buildings
2
Bathrooms
8
Total area
16,832 SF
Lot
2.27 ac (98,881 SF)
APN
22-30752-01-010
UPID
US46-1038968
Jurisdiction
DAKOTA
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
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Construction
CONCRETE
Heating
NONE
Buildings
2
Bathrooms
8
Lot
2.27 ac
Current owner
From public records · entity-resolved
Kp LLC
Entity
Mailing address
1408 HWY 13TH W, BURNSVILLE, MN 55337-2207
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2019
—
Kp LLC
Heidi Becker
Quit Claim Deed
related
$3,000,000 · Charter Bank
May 1, 2019
$500
Kp LLC
Dworsky,david M & Debra J
Quit Claim Deed
related
—
Aug 3, 2018
—
Dworsky Family Trust
—
Deed
related
—
Aug 2, 2018
—
Jonathan Dworsky
Dworsky,robert B
Affidavit Of Death
related
$1,500,000 · Alliance Bk
Jul 27, 2018
—
Dworsky Family Trust
—
Deed
related
—
Feb 2, 2018
—
Robert B Dworsky
—
Trustees Deed
related
$559,200 · Alliance Bk
Jan 11, 2016
—
Robert B Dworsky
—
Trustees Deed
related
$500,000 · Alliance Bk
Feb 12, 2008
$3,538,000
Dworsky Family Trust
Lakeville LLC
Warranty Deed
$2,670,000 · Alliance Bank
—
—
Robert B Dworsky
—
Deed Of Trust
related
$2,670,000 · Alliance Bank
—
—
Robert B Dworsky
—
Deed Of Trust
related
$2,670,000 · Alliance Bank
—
—
Robert B Dworsky
—
Deed Of Trust
related
—
—
—
Robert B Dworsky
—
Loan Modification
related
$2,670,000 · Alliance Bk
—
—
Robert B Dworsky
—
Loan Modification
related
$695,000 · Alliance Bk
—
—
Dworsky Family Trust
—
Loan Modification
related
$2,670,000 · Alliance Bk
—
—
Dworsky Family Trust
—
Loan Modification
related
—
—
—
Robert B Dworsky
—
Deed Of Trust
related
$2,670,000 · Alliance Bank
—
—
Dworsky Family Trust
—
Loan Modification
related
—
—
—
Dworsky Family Trust
—
Loan Modification
related
$1,500,000 · Alliance Bk
—
—
Dworsky Family Trust
—
Deed Of Trust
related
$2,670,000 · Alliance Bank
—
—
Dworsky Family Trust
—
Deed Of Trust
related
$2,670,000 · Alliance 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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