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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Commercial real estate
1850 Wayzata Blvd, Long Lake, MN 55356-4413
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-1122772
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1905
Construction
WOOD
Lot
0.17 ac (7,405 SF)
APN
34-118-23-13-0034
UPID
US46-1122772
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
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
1850 Wayzata Blvd LLC · 1 yrs held
1850 Wayzata Blvd LLC
since 2025
Last sale
$746,970
7 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 Long Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Lake 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
$685,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $747k (Apr 18 2025)
Last sale anchor
$747k
Apr 18 2025
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
—
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
$25,352
Tax year 2023
Assessed value
$950,000
Assessed 2023
Previous assessed
$950,000
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$102,000
Assessed improvement
$848,000
Land market value
$102,000
Improvement market value
$848,000
Total market value
$950,000
Applied tax rate
278.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1905
Construction
WOOD
Heating
STEAM
Cooling
CENTRAL
Lot
0.17 ac (7,405 SF)
APN
34-118-23-13-0034
UPID
US46-1122772
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1905
Construction
WOOD
Heating
STEAM
Cooling
Yes
Lot
0.17 ac
Current owner
From public records · entity-resolved
1850 Wayzata Blvd LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1850 W WAYZATA BLVD, LONG LAKE, MN 55356-4413
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 18, 2025
$725,000
1850 Wayzata Blvd LLC
The 1850 LLC
Warranty Deed
—
Apr 18, 2025
$746,970
1850 Wayzata Blvd LLC
The 2911 LLC
Warranty Deed
—
Apr 18, 2025
—
The 2911 LLC
The 1850 LLC
Deed
—
May 12, 2022
—
The 1850 LLC
Joshua Sanderson
Quit Claim Deed
related
$950,000 · Crown Bank
May 21, 2021
$980,000
Joshua Sanderson
Celtic86 Property Development Prtnr
Warranty Deed
$784,000 · Crown Bank
Jan 27, 2021
—
A Czervik Property Dev LLC
—
Deed
related
$319,577 · Flagship Bk/mn
Feb 18, 2020
—
Celtic 86 Property Dev Ptshp
—
Deed
related
$510,301 · Flagship Bk/mn
May 29, 2018
—
Celtic 86 Property Dev Ptshp
—
Deed
related
$35,000 · Flagship Bk/mn
Apr 17, 2017
—
Celtic 86 Property Dev Ptshp
—
Deed
related
$30,000 · Flagship Bk/mn
Dec 31, 1998
$225,000
Celtic 86 Property Development
Long Lake Professional Buildin
Grant Deed
$100,000 · State Bank Of Loretto
—
—
Celtic86 Property Dev Ptshp
—
Deed Of Trust
related
$48,000 · State Bank Of Loretto
—
—
Celtic 86 Property Dev Ptshp
—
Loan Modification
related
$536,000 · Flagship Bk/mn
—
—
Celtic 86 Property Dev Ptshp
—
Deed Of Trust
related
$30,000 · Flagship Bk/mn
—
—
Celtic 86 Property Dev Ptshp
—
Loan Modification
related
$35,000 · Flagship Bk/mn
—
—
Celtic 86 Property Dev Ptshp
—
Loan Modification
related
$510,301 · Flagship Bk/mn
—
—
A Czervik Property Dev LLC
—
Loan Modification
related
$319,577 · Flagship Bk/mn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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