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Property profile & analytics
OFF-MARKET
Commercial real estate
1851 Clf E Rd Burnsville, MN 55337-1344
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-1450204
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.78 ac (34,191 SF)
APN
02-76800-01-030
UPID
US46-1450204
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lake Bank · 6 yrs held
Lake Bank
since 2020
Last sale
$3,671
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 Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$5,686
Tax year 2023
Assessed value
$215,400
Assessed 2022
Previous assessed
$206,400
+4.4% YoY
Effective rate
2.64%
On assessed value
Assessed land
$215,400
Land market value
$215,400
Total market value
$215,400
Applied tax rate
2.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.78 ac (34,191 SF)
APN
02-76800-01-030
UPID
US46-1450204
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.78 ac
Current owner
From public records · entity-resolved
Lake Bank
Entity
Free & Clear · 6 yrs held
Mailing address
11935 RIV HLS DR, BURNSVILLE, MN 55337-1354
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2020
$150,530
Lake Bank
Sheriff Of Dakota County|journey Home Minnesota
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Nov 13, 2018
—
Journey Home Minnesota
—
Deed
related
$170,476 · Northeast Bk
Oct 30, 2018
—
Journey Home Minnesota
—
Deed
related
$135,000 · Lake Bk
Dec 28, 2016
—
Journey Home Minnesota
Imetroproperty Edina LLC
Quit Claim Deed
related
—
Jul 10, 2014
—
Imetroproperty Edina LLC
—
Trustees Deed
related
$500,000 · Minnwest Bk
Feb 29, 2012
—
Imetroproperty Edina LLC
Imetroproperty Edina T & C LLC
Quit Claim Deed
related
—
Jun 1, 2005
$7,450,000
Owner Name Unavailable
Towne & Country Ctr
Warranty Deed
related
—
—
—
Journey Home Minnesota
—
Deed Of Trust
related
$135,000 · Lake Bk
—
—
Imetroproperty Edina LLC
—
Loan Modification
related
$4,162,139 · Minnwest Bk Ctrl
—
—
Journey Home Minnesota
—
Loan Modification
related
$170,476 · Northeast Bk
—
—
Imetroproperty Edina LLC
—
Deed Of Trust
related
$5,350,000 · Central 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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