Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Office buildings
17271 Kenyon Ave Lakeville, MN 55044-6906
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0264991
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
WOOD FRAME
Total area
12,548 SF
Lot
1.73 ac (75,359 SF)
APN
22-28901-01-020
UPID
US46-0264991
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
-
Redstone Design Big Box & Wholesale Store Building Supply
-
Tovi Muma, Realtor Real Estate Agency
-
Kathy Mallinger - Edina Realty Real Estate Agency
-
Andrew Jon Price & Edina Realty Real Estate Agency
-
Cheryl Wicklund - Edina Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$2.20M
Owner & transaction history
Kenyon Group LLC · 6 yrs held
Kenyon Group LLC
since 2020
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+44.7%
Restaurant
$2.4M
+41.6%
Auto repair, garage
$2.1M
+24.6%
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
$2,345,000
ML approach
$2,165,000
CAP Approach
CAP Return
Estimation
6%
$2,765,000
6.5%
$2,555,000
7%
$2,370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,720,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,490,000
Change: +45% · Conversion: Difficult
RESTAURANT
$2,435,000
Change: +42% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,140,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,910,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,790,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±10% · vs last sale $2.13M (Jan 21 2020)
Last sale anchor
$2.13M
Jan 21 2020
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
$175 / 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
$50,170
Tax year 2023
Assessed value
$1,782,300
Assessed 2022
Previous assessed
$1,748,200
+2.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$747,500
Assessed improvement
$1,034,800
Land market value
$747,500
Improvement market value
$1,034,800
Total market value
$1,782,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
WOOD FRAME
Heating
NONE
Bathrooms
2
Total area
12,548 SF
Lot
1.73 ac (75,359 SF)
APN
22-28901-01-020
UPID
US46-0264991
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
OFFICE BUILDING Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2001
Construction
WOOD FRAME
Heating
NONE
Bathrooms
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Kenyon Group LLC
Entity
Mailing address
21245 INSPIRATION PATH, LAKEVILLE, MN 55044-6028
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2020
$2,125,000
Kenyon Group LLC
Kenyon Properties LLC
Warranty Deed
$1,629,207 · New Market Bank
Dec 3, 2007
$1,230,000
Kenyon Properties LLC
Kenyon Ave Realty LLC
Warranty Deed
related
—
Oct 10, 2007
$1,230,000
Kenyon Properties LLC
Kenyon Ave Realty LLC
Warranty Deed
related
—
Aug 25, 2006
$500
Kenyon Ave Realty LLC
Tollefson,carl R
Deed Of Trust
related
$1,870,000 · Principal Life Insurance Co
Aug 9, 2006
$500
Kenyon Ave Realty LLC
Tollefson,carl R
Warranty Deed
related
$1,870,000 · Principal Life Insurance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 17271 Kenyon Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
