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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Strip malls
1690 Mcknight N Rd, Maplewood, MN 55109-4804
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0919466
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Total area
12,791 SF
Lot
5.07 ac (220,980 SF)
Zoning code
B
APN
13-29-22-33-0063
UPID
US46-0919466
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
$1.64M
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$1.70M
Owner & transaction history
Tan Properties LLC · 5 yrs held
Tan Properties LLC
since 2021
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
B · Maplewood, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+25.8%
Auto repair, garage
$2.6M
+20.8%
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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
$1,540,000
ML approach
$1,635,000
CAP Approach
CAP Return
Estimation
6%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,145,000
Current use
RESTAURANT
$2,700,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,590,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,885,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.70M (Jan 22 2021)
Last sale anchor
$1.70M
Jan 22 2021
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
$133 / 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
$53,574
Tax year 2023
Assessed value
$1,939,700
Assessed 2023
Previous assessed
$1,648,900
+17.6% YoY
Effective rate
2.76%
On assessed value
Assessed land
$817,500
Assessed improvement
$1,122,200
Land market value
$817,500
Improvement market value
$1,122,200
Total market value
$1,939,700
Applied tax rate
622.0000
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
1987
Heating
STEAM
Buildings
3
Total area
12,791 SF
Lot
5.07 ac (220,980 SF)
Zoning code
B
APN
13-29-22-33-0063
UPID
US46-0919466
Jurisdiction
RAMSEY
Zoning & alternative use
B · Maplewood, MN
Zoning B · permitted uses
B · Maplewood, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maplewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL 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
1987
Heating
STEAM
Buildings
3
Lot
5.07 ac
Current owner
From public records · entity-resolved
Tan Properties LLC
Entity
Mailing address
10416 UTAH RD, MINNEAPOLIS, MN 55438-2016
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
$1,700,000
Tan Properties LLC
Ddbh LLC
Warranty Deed
$1,105,000 · Minnesota Bk & Tr
Dec 31, 2015
—
Ddbh LLC
Excel Investment Group LLC
Quit Claim Deed
related
$740,000 · Drake Bk
Nov 2, 2004
$596,264
Excel Investment Group LLC
Cnp Hillside Partners
Warranty Deed
—
Jul 26, 2002
—
Daniel N Parker
Cnp Hillside Partners
Quit Claim Deed
related
$750,000 · Bremer Bank NA
Jan 5, 2001
—
Daniel N Parker
Cnp Hillside Partners
Quit Claim Deed
related
—
—
—
Excel Investment Group LLC
—
Deed Of Trust
related
$825,000 · 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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