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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Distribution centers
1848 50th E St Inver Grove Heights, MN 55077-1284
Entity Owned
11-yr Hold
Free & Clear
Property ID
US46-0852681
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
CONCRETE
Total area
15,455 SF
Lot
1.73 ac (75,359 SF)
APN
20-15576-01-010
UPID
US46-0852681
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
by Request
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$2.62M
Owner & transaction history
Tmb Properties LLC · 11 yrs held
Tmb Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+30.2%
Restaurant
$3.0M
+27.4%
Auto repair, garage
$2.6M
+12.1%
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 Inver Grove Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inver Grove Heights 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%
$3,400,000
6.5%
$3,135,000
7%
$2,915,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,355,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,065,000
Change: +30% · Conversion: Moderate
RESTAURANT
$3,000,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,640,000
Change: +12% · Conversion: Easy
RETAIL STORES
$2,205,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±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
$170 / 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
$38,962
Tax year 2023
Assessed value
$1,400,800
Assessed 2022
Previous assessed
$1,281,600
+9.3% YoY
Effective rate
2.78%
On assessed value
Assessed land
$225,900
Assessed improvement
$1,174,900
Land market value
$225,900
Improvement market value
$1,174,900
Total market value
$1,400,800
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Bathrooms
8
Total area
15,455 SF
Lot
1.73 ac (75,359 SF)
APN
20-15576-01-010
UPID
US46-0852681
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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
1998
Construction
CONCRETE
Heating
NONE
Bathrooms
8
Lot
1.73 ac
Current owner
From public records · entity-resolved
Tmb Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1870 50TH ST E #16, INVER GROVE HEIGHTS, MN 55077-1283
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
Tmb Properties LLC
—
Deed
related
$500,000 · Midwestone Bank
Dec 9, 2019
—
Tmb Properties LLC
—
Deed
related
$50,000 · Midwestone Bk
Dec 12, 2017
—
Tmb Properties LLC
—
Deed
related
$50,000 · Midwestone Bk
Mar 16, 2015
$450,000
Tmb Properties LLC
Bulach Dev Co
Warranty Deed
—
Aug 28, 2013
—
Tmb Properties LLC
Bulach Dev Co
Quit Claim Deed
related
$505,000 · Central Bank & Trust
Mar 22, 2011
—
Bulach Dev Co
Central Bk
Quit Claim Deed
related
—
Oct 22, 2010
$1,000,000
Tmb Properties LLC
Bulach Dev Co
Grant Deed
—
Feb 4, 2010
$1,000,100
Tmb Properties LLC
Bulach Dev Co
Grant Deed
—
—
—
Bulach Dev Co
—
Deed Of Trust
related
$550,000 · Central Bank & Trust
—
—
Tmb Properties LLC
—
Loan Modification
related
$50,000 · Midwestone Bk
—
—
Tmb Properties LLC
—
Deed Of Trust
related
$740,000 · Central Bk
—
—
Tmb Properties LLC
—
Deed Of Trust
related
$50,000 · Central Bk
—
—
Tmb Properties LLC
—
Loan Modification
related
$50,000 · Midwestone Bk
—
—
Bulach Dev Co
—
Deed Of Trust
related
—
—
—
Bulach Dev Co
—
Deed Of Trust
related
$538,800 · Key Community Bank
—
—
Bulach Dev Co
—
Deed Of Trust
related
$75,000 · Central Bank & Trust
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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