1805 Plymouth Rd Minnetonka, MN 55305-1935
Entity Owned
3-yr Hold
~
Est. High Equity
Estimated value (blended)
$1.69M
Range $1.52M – $1.86M (±10%)
Implied cap rate
4.10%
In-place · NOI ÷ last sale
Property ID
US46-2940289
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,300 SF
Lot
0.85 ac (37,026 SF)
Zoning code
PID
APN
03-117-22-44-0040
UPID
US46-2940289
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.69M
Owner & transaction history
since 2023
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
PID · Minnetonka, MN
Zoning description
The purpose of the planned I-394 district is to establish a comprehensive, planned framework for development within the I-394 corridor.
General category
UNKNOWN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.69M
Value range
$1.52M – $1.86M
±10% around blend
Estimated value / SF
$268 / SF
Confidence
High
10 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$1.52M
blend $1.69M
$1.86M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,300 SF
Lot area
0.85 ac
Year built
2017
Stories
2
APN
03-117-22-44-0040
Assessed value
$3,694,000
Annual tax
$106,591
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.49M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.7 mi away · 5,972 SF
5.1 mi away · 4,600 SF
6.8 mi away · 7,280 SF
7.7 mi away · 4,719 SF
7.9 mi away · 6,492 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.69M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 49 sales
$204
+31%
County 1276 sales
$160
+67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $268/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
4.10%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.10%
9.0%
NOI (est.)
$131k *
Last sale · May 2023
$1.87M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.20M
Move the market yield to see immediate price impact.
Value / SF
$508
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.60%4.10%4.60%
$118k
$3.28M
$2.88M
$2.57M
$131k
$3.65M
$3.20M
$2.85M
$144k
$4.01M
$3.52M
$3.14M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.59M
2.6 mi · Mar 2026 · $306/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$106,591
Tax year 2023
Assessed value
$3,694,000
Assessed 2023
Previous assessed
$3,694,000
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$1,486,000
Assessed improvement
$2,208,000
Land market value
$1,486,000
Improvement market value
$2,208,000
Total market value
$3,694,000
Applied tax rate
284.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
6,300 SF
Lot
0.85 ac (37,026 SF)
Zoning code
PID
APN
03-117-22-44-0040
UPID
US46-2940289
Jurisdiction
HENNEPIN
Zoning & alternative use
PID · Minnetonka, MNZoning PID · permitted uses
PID · Minnetonka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of the planned I-394 district is to establish a comprehensive, planned framework for development within the I-394 corridor.
General category
UNKNOWN
Building & site characteristics
From public records
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.85 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PID
UNKNOWN
Jurisdiction
Minnetonka, MN
Recorded code
PID
Official district
PID
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PID in Minnetonka, MN.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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