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Property profile & analytics
OFF-MARKET
Estimated value
$8,465,000
Outlet malls
1801 Market Dr Stillwater, MN 55082-7599
Entity Owned
8-yr Hold
Free & Clear
Property ID
US46-1099331
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Total area
91,378 SF
Lot
11.11 ac (483,952 SF)
APN
32-030-20-33-0017
UPID
US46-1099331
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
-
Stillwater Marketplace Shopping Center & Mall
-
Cub Foods Floral (Bike/Boat/Book/etc) Store Florist
-
Huntington Bank ATM (Walk Up) Atm
-
Cub Wine & Spirits - Stillwater (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Huntington Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.47M
Owner & transaction history
Cub Stores LLC · 8 yrs held
Cub Stores LLC
since 2018
5 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 Stillwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stillwater 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
OFFICE BUILDING
$13,845,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$8.47M
Range $7.62M – $9.31M · ±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
$93 / 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
$261,678
Tax year 2023
Assessed value
$8,595,200
Assessed 2022
Previous assessed
$8,595,200
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$2,848,400
Assessed improvement
$5,746,800
Land market value
$2,848,400
Improvement market value
$5,746,800
Total market value
$8,595,200
Applied tax rate
7,603.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1994
Heating
NONE
Total area
91,378 SF
Lot
11.11 ac (483,952 SF)
APN
32-030-20-33-0017
UPID
US46-1099331
Jurisdiction
WASHINGTON
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
Est. value
$13.8M
OFFICE 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
1994
Heating
NONE
Lot
11.11 ac
Current owner
From public records · entity-resolved
Cub Stores LLC
Entity
Free & Clear · 8 yrs held
Mailing address
11840 VLY VW RD, EDEN PRAIRIE, MN 55344-3643
Ownership since
2018
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
Jul 25, 2024
—
Cub Stores LLC
—
Deed
related
$15,635 · Jpmorgan Chase Bank NA
May 24, 2018
—
Cub Stores LLC
Supervalu Holdings INC
Warranty Deed
—
Aug 8, 2017
—
Supervalu Holdings INC
—
Deed
related
$525,000,000 · Goldman Sachs Bk USA
Nov 16, 2011
$275,000
Holiday Stationstores INC
Supervalu Holdings INC
Grant Deed
—
—
—
Supervalu Holdings INC
—
Loan Modification
related
$525,000,000 · Goldman Sachs Bk USA
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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