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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Auto shops
20315 Iberia Ave, Lakeville, MN 55044-9141
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-1084092
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1994
Construction
WOOD FRAME
Total area
5,614 SF
Lot
0.85 ac (37,200 SF)
APN
22-29500-01-012
UPID
US46-1084092
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
-
HomeTown Auto Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
County Of Dakota · 3 yrs held
County Of Dakota
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+16.2%
Restaurant
$1.1M
+13.6%
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
Method
Estimation
Statistic approach
$710,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$960,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Change: +16% · Conversion: Difficult
RESTAURANT
$1,090,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$855,000
Change: -11% · Conversion: Easy
RETAIL STORES
$800,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $800k (Dec 14 2022)
Last sale anchor
$800k
Dec 14 2022
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
$136 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,806
Tax year 2023
Assessed value
$704,500
Assessed 2022
Previous assessed
$673,900
+4.5% YoY
Effective rate
2.67%
On assessed value
Assessed land
$297,600
Assessed improvement
$406,900
Land market value
$297,600
Improvement market value
$406,900
Total market value
$704,500
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
1994
Construction
WOOD FRAME
Heating
NONE
Bathrooms
2
Total area
5,614 SF
Lot
0.85 ac (37,200 SF)
APN
22-29500-01-012
UPID
US46-1084092
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$855,000
RETAIL STORES
Est. value
$800,000
OFFICE BUILDING
Est. value
$770,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
WOOD FRAME
Heating
NONE
Bathrooms
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
County Of Dakota
Entity
Free & Clear · 3 yrs held
Mailing address
20315 IBERIA AVE, LAKEVILLE, MN 55044-9141
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
—
County Of Dakota
G & F Holdings LLC
Quitclaim Deed
related
—
Mar 14, 2018
—
Spohn Lakeville Properties LLC
—
Deed
related
—
Oct 16, 2017
—
Spohn Brothers Action Auto Sy
—
Deed
related
—
Oct 13, 2017
—
Spohn Lakeville Properties LLC
Spohn Brothers Action Auto Sy
Quit Claim Deed
related
$312,000 · Southeastern Minnesota 504 Dev
Jan 18, 2017
$800,000
Spohn Brothers Action Auto Systems
Gilb Enterprise LLC
Warranty Deed
$427,500 · Lakeview Bank
Apr 17, 2012
—
G LLP
Gilb Ents LLC
Quit Claim Deed
related
—
Feb 23, 2006
$500
Gilb Ent LLC
Gilb,roger A & Jane L
Quit Claim Deed
related
—
—
—
Gilb Ent LLC
—
Loan Modification
related
—
—
—
Gilb Ent LLC
—
Deed Of Trust
related
$475,000 · Lakeview Bank
—
—
Gilb Ents LLC
—
Deed Of Trust
related
$31,000 · Midcountry Bank
—
—
Gilb Ent LLC
—
Deed Of Trust
related
$31,000 · Lakeview Bank
—
—
Gilb Ents LLC
—
Deed Of Trust
related
$475,000 · Midcountry Bank
—
—
Spohn Lakeville Properties LLC
—
Loan Modification
related
—
—
—
Spohn Brothers Action Auto Sy
—
Loan Modification
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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