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Property profile & analytics
OFF-MARKET
Industrial properties
1980 County Rd 90, Independence, MN 55359-8753
Entity Owned
Free & Clear
Property ID
US46-3130309
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Lot
5.84 ac (254,390 SF)
APN
23-118-24-32-0011
UPID
US46-3130309
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
Spring Park Property Holdings LLC
Spring Park Property Holdings LLC
since 2026
Last sale
$450,000
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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$6,844
Tax year 2023
Assessed value
$303,000
Assessed 2023
Previous assessed
$181,000
+67.4% YoY
Effective rate
2.26%
On assessed value
Assessed land
$302,000
Assessed improvement
$1,000
Land market value
$302,000
Improvement market value
$1,000
Total market value
$303,000
Applied tax rate
278.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
NONE
Lot
5.84 ac (254,390 SF)
APN
23-118-24-32-0011
UPID
US46-3130309
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
2007
Heating
NONE
Cooling
Yes
Lot
5.84 ac
Current owner
From public records · entity-resolved
Spring Park Property Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4068 SUNSET DR, SPRING PARK, MN 55384-9632
Ownership since
2026
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
Apr 20, 2026
—
Spring Park Property Holdings
—
Deed
related
$6,724,900 · Northeast Bank
Apr 17, 2026
$6,424,900
Spring Park Property Holdings LLC
Seasonal Investments LLC
Deed
—
Jan 6, 2026
$6,424,900
Spring Park Property Holdings LLC
Seasonal Investments LLC
Deed
$6,724,900 · Keen Bank NA
Jan 6, 2026
—
Spring Park Property Holdings LLC
—
Deed
related
$1,000,000 · Northeast Bank
Jun 22, 2023
$450,000
Seasonal Investments LLC
1980 Co Rd 90 LLC
Warranty Deed
—
Sep 29, 2016
—
1960 Co Rd 90 LLC
—
Deed
related
$900,000 · Bank Of The West
Jul 7, 2008
$265,000
1980 Co Rd 90 LLC
Jw Land Holdings LLC
Warranty Deed
—
Jul 2, 2008
$257,205
1980 Co Rd 90 LLC
Jw Land Holdings LLC
Warranty Deed
$200,000 · Highland Bank
Oct 7, 2005
$220,000
Jw Land Holdings LLC
Valhalla Land Co LLC
Warranty Deed
—
Feb 6, 2004
$275,000
Valhalla Land Co INC
Styner,daniel G
Warranty Deed
—
—
—
1960 Co Rd 90 LLC
—
Deed Of Trust
related
$900,000 · Bank Of The West
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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