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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Residential income homes
2050 Pike Lk Dr, New Brighton, MN 55112-2481
Individually Owned
4-yr Hold
Property ID
US46-0599559
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1964
Construction
FRAME
Total area
3,672 SF
Lot
0.24 ac (10,411 SF)
Zoning code
A
APN
19-30-23-43-0019
UPID
US46-0599559
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$375k
Blend (final)
Blend
$570k
Owner & transaction history
Ryan Perdue · 4 yrs held
Ryan Perdue
since 2021
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
A · New Brighton, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$745,000
+120.4%
Neighborhood: shopping center
$615,000
+82.5%
Medical building
$540,000
+60.2%
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 New Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brighton 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
$545,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$745,000
Change: +120% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$615,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$540,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$425,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$400,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$375,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $600k (Sep 20 2021)
Last sale anchor
$600k
Sep 20 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
$155 / 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
$8,182
Tax year 2023
Assessed value
$519,500
Assessed 2023
Previous assessed
$519,500
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$80,000
Assessed improvement
$439,500
Land market value
$80,000
Improvement market value
$439,500
Total market value
$519,500
Applied tax rate
621.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
HOT WATER
Cooling
WINDOW A/C
Units
4
Bathrooms
2
Total area
3,672 SF
Lot
0.24 ac (10,411 SF)
Zoning code
A
APN
19-30-23-43-0019
UPID
US46-0599559
Jurisdiction
RAMSEY
Zoning & alternative use
A · New Brighton, MN
Zoning A · permitted uses
A · New Brighton, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brighton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$615,000
MEDICAL BUILDING
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$425,000
OFFICE BUILDING
Est. value
$400,000
RETAIL STORES
Est. value
$375,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
1964
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Units
4
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Ryan Perdue
Individual
Mailing address
7233 PINEVIEW LN N, MAPLE GROVE, MN 55369-5235
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2021
$600,000
Ryan Perdue
Michael J Hyska
Warranty Deed
$450,000 · Luminate Home Loans INC
Jan 7, 2013
—
Michael J Hyska
Lake Beach Properties LLC
Quit Claim Deed
related
—
Oct 6, 2003
—
Michael J Hyska
Hyska,michael J
Quit Claim Deed
related
$269,500 · Marketplace Home Mortgage LLC
Dec 31, 1998
$157,500
Michael J Hyska
Kelley,patrick W & Yolanda A
Grant Deed
$152,850 · Bell Mortgage
—
—
Michael J Hyska
—
Deed Of Trust
related
$30,000 · Firstar Bank
—
—
Hyska,michael J & Susan M
—
Deed Of Trust
related
$216,300 · Quicken Lns
—
—
Hyska,michael J & Susan M
—
Deed Of Trust
related
$216,300 · Quicken Lns
—
—
Michael J Hyska
—
Deed Of Trust
related
$162,150 · Principal Residential Mtg
—
—
Michael J Hyska
—
Deed Of Trust
related
$34,000 · City & County Cu
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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