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Property profile & analytics
OFF-MARKET
Estimated value
$7,990,000
Industrial properties
1801 Old Hwy 8th NW, New Brighton, MN 55112-2307
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0767197
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Total area
68,350 SF
Lot
2.65 ac (115,608 SF)
Zoning code
D
APN
21-30-23-22-0015
UPID
US46-0767197
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
$7.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.99M
Owner & transaction history
Cif I Rush Lake LLC · 3 yrs held
Cif I Rush Lake LLC
since 2022
Last sale
$8.7M
7 recorded transactions
Zoning & alternative use
D · New Brighton, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.5M
+148.1%
Medical building
$10.1M
+117.8%
Warehouse, storage
$7.9M
+70.3%
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 New Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brighton 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
$7,120,000
ML approach
$7,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,470,000
Change: +148% · Conversion: Difficult
MEDICAL BUILDING
$10,070,000
Change: +118% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,875,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$7,485,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$6,985,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$7.99M
Range $7.19M – $8.79M · ±10% · vs last sale $8.73M (Aug 15 2022)
Last sale anchor
$8.73M
Aug 15 2022
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
$117 / 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
$110,604
Tax year 2023
Assessed value
$4,428,200
Assessed 2023
Previous assessed
$3,486,800
+27.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$693,700
Assessed improvement
$3,734,500
Land market value
$693,700
Improvement market value
$3,734,500
Total market value
$4,428,200
Applied tax rate
621.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
STEAM
Buildings
3
Total area
68,350 SF
Lot
2.65 ac (115,608 SF)
Zoning code
D
APN
21-30-23-22-0015
UPID
US46-0767197
Jurisdiction
RAMSEY
Zoning & alternative use
D · New Brighton, MN
Zoning D · permitted uses
D · New Brighton, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brighton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$10.1M
WAREHOUSE, STORAGE
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.5M
RETAIL STORES
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1987
Heating
STEAM
Buildings
3
Lot
2.65 ac
Current owner
From public records · entity-resolved
Cif I Rush Lake LLC
Entity
Mailing address
2625 BUTTERFIELD RD STE 213W, OAK BROOK, IL 60523-1234
Ownership since
2022
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
Aug 15, 2022
$8,725,000
Cif I Rush Lake LLC
Msp New Brighton Industrial Buildin
Limited Warranty Deed
$5,720,000 · Vast Bank NA
May 20, 2020
—
Msp New Brighton Indl Buildin
—
Deed
related
$3,430,262 · Associated Bk
May 19, 2020
—
Msp New Brighton Indl Buildin
—
Deed
related
$387,500 · Associated Bk
May 22, 2015
—
Msp New Brighton Industrial Bu
Taylor Edward J & Diana S
Warranty Deed
related
$3,400,000 · Bank Mutual-menomonee Falls
May 21, 2015
$4,450,000
Msp New Brighton Industrial Bu
Edwin J Taylor
Warranty Deed
$3,400,000 · Bank Mutual
—
—
Msp New Brighton Indl Buildin
—
Loan Modification
related
$387,500 · Associated Bk
—
—
Msp New Brighton Indl Buildin
—
Loan Modification
related
$3,430,262 · Associated Bk
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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