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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Commercial real estate
17420 Minnetonka Blvd, Minnetonka, MN 55345-1005
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0728457
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,300 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B-2
APN
17-117-22-23-0016
UPID
US46-0728457
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$580k
Owner & transaction history
Tonka 101 LLC · 2 yrs held
Tonka 101 LLC
since 2024
Last sale
$581,942
7 recorded transactions
Zoning & alternative use
B-2 · Minnetonka, MN
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 Minnetonka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minnetonka 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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $582k (Feb 26 2024)
Last sale anchor
$582k
Feb 26 2024
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
$92 / 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
$26,073
Tax year 2023
Assessed value
$925,000
Assessed 2023
Previous assessed
$841,000
+10.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$233,000
Assessed improvement
$692,000
Land market value
$233,000
Improvement market value
$692,000
Total market value
$925,000
Applied tax rate
276.0000
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,300 SF
Lot
0.36 ac (15,682 SF)
Zoning code
B-2
APN
17-117-22-23-0016
UPID
US46-0728457
Jurisdiction
HENNEPIN
Zoning & alternative use
B-2 · Minnetonka, MN
Zoning B-2 · permitted uses
B-2 · Minnetonka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Minnetonka. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Tonka 101 LLC
Entity
Mailing address
17420 MINNETONKA BLVD, MINNETONKA, MN 55345-1005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
$581,942
Tonka 101 LLC
Lonnie L Provencher
Limited Warranty Deed
—
Feb 26, 2024
$582,115
Tonka 101 LLC
Eric J Simmer
Limited Warranty Deed
$1,376,105 · Old National Bank
Feb 26, 2024
—
Eric J Simmer
Minnetonka 101 Retail LLC
Intrafamily Transfer
related
—
Mar 28, 2016
$723,344
Minnetonka 101 Retail LLC
Great Properties LLC
Warranty Deed
$141,750 · Klein Bk
May 22, 2015
—
Great Properties LLC
Johnson Patricia P & Mark S
Quit Claim Deed
related
$945,750 · Klein Bk
—
—
Patricia P Johnson
—
Deed Of Trust
related
$370,000 · Anchor Bank NA
—
—
Great Properties LLC
—
Deed Of Trust
related
$290,525 · Klein 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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