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Property profile & analytics
FOR LEASE
Industrial properties
19725 S Diamond Lake Rd, Rogers, MN 55374
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-1464544
For Lease
1 / 2
$13,825,000
19725 S Diamond Lake Rd, Rogers, MN 55374
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
TILT-UP CONCRETE
Lot
5.33 ac (232,175 SF)
APN
13-120-23-43-0011
UPID
US46-1464544
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
$9.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.83M
Owner & transaction history
Nicola Msp I Limited Partnership · 4 yrs held
Nicola Msp I Limited Partnership
since 2021
Last sale
$13.5M
4 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 Rogers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rogers 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
$14,430,000
ML approach
$9,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.83M
Range $12.44M – $15.21M · ±10% · vs last sale $13.53M (Sep 24 2021)
Last sale anchor
$13.53M
Sep 24 2021
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
$147,840
Tax year 2023
Assessed value
$4,913,000
Assessed 2023
Previous assessed
$4,195,000
+17.1% YoY
Effective rate
3.01%
On assessed value
Assessed land
$854,000
Assessed improvement
$4,059,000
Land market value
$854,000
Improvement market value
$4,059,000
Total market value
$4,913,000
Applied tax rate
728.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2008
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Cooling
YES
Lot
5.33 ac (232,175 SF)
APN
13-120-23-43-0011
UPID
US46-1464544
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
2008
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Cooling
Yes
Lot
5.33 ac
Current owner
From public records · entity-resolved
Nicola Msp I Limited Partnership
Entity
Mailing address
1600 UTICA AVE S STE #300, ST LOUIS PARK, MN 55416-1468
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2021
$13,525,000
Nicola Msp I Limited Partnership
Colfin Cobalt I II Owner LLC
Limited Warranty Deed
$130,000,000 · Voya Investment Management LLC
Dec 26, 2019
—
Colfin Cobalt I-ii Owner LLC
—
Grant Deed
related
$5,121,518 · Wells Fargo Bk
Jan 9, 2015
$23,904,579
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit II
Grant Deed
related
$1,132,750,000 · General Elec Cap
Apr 24, 2013
—
Cobalt Industrial Reit II Trust
—
Deed Of Trust
related
$114,000,000 · Bank Of America
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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