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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Drug stores
1911 Fry St Anoka, MN 55303-2143
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1110261
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,450 SF
Lot
1.72 ac (74,923 SF)
Zoning code
MSMU
APN
01-31-25-44-0113
UPID
US46-1110261
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
Current use
Occupant on record · Public records
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
COVID-19 Drive-thru Testing at Walgreens Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.95M
Owner & transaction history
1911 Ferry LLC · 6 yrs held
1911 Ferry LLC
since 2020
7 recorded transactions
Zoning & alternative use
MSMU · Anoka, MN
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 Anoka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anoka 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,340,000
Current use
RESTAURANT
$1,290,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,220,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±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
$145 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$64,021
Tax year 2024
Assessed value
$2,450,300
Assessed 2024
Previous assessed
$2,450,300
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$986,500
Assessed improvement
$1,463,800
Land market value
$986,500
Improvement market value
$1,463,800
Total market value
$2,450,300
Applied tax rate
1.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Total area
13,450 SF
Lot
1.72 ac (74,923 SF)
Zoning code
MSMU
APN
01-31-25-44-0113
UPID
US46-1110261
Jurisdiction
ANOKA
Zoning & alternative use
MSMU · Anoka, MNZoning MSMU · permitted uses
MSMU · Anoka, MN
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
RETAIL STORES Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
1911 Ferry LLC
Entity
Free & Clear · 6 yrs held
Mailing address
299 COON RPDS BLVD NW STE #200, COON RAPIDS, MN 55433-5870
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
—
Wg Anoka Dst
—
Deed
related
$100,000 · Granite Community Bank
Jan 7, 2020
$2,780,000
1911 Ferry LLC
Cherry South LLC
Warranty Deed
—
Jan 7, 2020
—
Wg,anoka Dst Trust
—
Deed
related
$1,390,000 · Maple Bk
Dec 23, 2014
—
1911 Ferry LLC
Kahenassa,ramin & Shirin
Grant Deed
related
—
Nov 17, 2014
$3,168,000
South LLC|kahenassa Ramin Cherry
Sdg Ferry & Freemont LLC
Grant Deed
$825,000 · 3025 Mansion LLC
Jul 10, 2014
$2,696,076
Sdg Ferry & Freemont LLC
Jackie42 LLC
Grant Deed
$2,100,000 · Wintrust Bank
—
—
Wg,anoka Dst Trust
—
Deed Of Trust
related
$1,390,000 · Maple 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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