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Property profile & analytics
OFF-MARKET
Auto shops
20000 Kenrick Ave Lakeville, MN 55044-9303
Entity Owned
10-yr Hold
Free & Clear
Property ID
US46-0926589
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1985
Construction
STEEL FRAME
Total area
13,216 SF
Lot
14.76 ac (642,946 SF)
Zoning code
R
APN
22-02500-25-012
UPID
US46-0926589
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
-
M & J Trucking Co., LLC Trucking Company
-
M&&J Corporate Office
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
Ideal Rental Properties LLC · 10 yrs held
Ideal Rental Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
R · Lakeville, 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 Lakeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeville 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
$23,268
Tax year 2023
Assessed value
$857,500
Assessed 2022
Previous assessed
$857,500
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$461,100
Assessed improvement
$396,400
Land market value
$461,100
Improvement market value
$396,400
Total market value
$857,500
Applied tax rate
22.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Bathrooms
3
Total area
13,216 SF
Lot
14.76 ac (642,946 SF)
Zoning code
R
APN
22-02500-25-012
UPID
US46-0926589
Jurisdiction
DAKOTA
Zoning & alternative use
R · Lakeville, MN
Zoning R · permitted uses
R · Lakeville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Bathrooms
3
Lot
14.76 ac
Current owner
From public records · entity-resolved
Ideal Rental Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
14478 320TH ST, NEW PRAGUE, MN 56071-4180
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2016
$1,725,000
Ideal Rental Properties LLC
Charney,greg S & Stacy M
Warranty Deed
—
May 26, 2016
$1,725,000
Ideal Rental Properties LLC
Charney,greg S & Stacy M
Warranty Deed
—
Apr 8, 2014
$2,000,000
Greg S Charney
Pitco LLC
Warranty Deed
—
Nov 5, 2010
—
Pitco LLC
Coon,noel T
Quit Claim Deed
related
—
May 17, 2010
—
Noel T Coon
Coon,noel T
Quit Claim Deed
related
—
—
—
Pitco LLC
—
Deed Of Trust
related
—
—
—
Charney,greg S & Stacy M
—
Deed Of Trust
related
$750,000 · Iberiabank
—
—
Noel T Coon
—
Deed Of Trust
related
$8,000,000 · Davidson Family Trust (tr)
—
—
Noel T Coon
—
Deed Of Trust
related
—
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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