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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Industrial properties
21310 Heywood Ave Lakeville, MN 55044-9522
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0052479
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1981
Construction
CONCRETE
Total area
9,600 SF
Lot
1.06 ac (46,174 SF)
Zoning code
R
APN
22-11101-03-090
UPID
US46-0052479
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
-
The Tech Auto Repair Auto Repair Shop
-
S.V AUTOMOTIVE L.L.C Auto Repair Shop
-
Bradley Group Sales Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$980k
Blend (final)
Blend
$835k
Owner & transaction history
21310 Heywood LLC · 3 yrs held
21310 Heywood LLC
since 2022
Last sale
$825,000
6 recorded transactions
Zoning & alternative use
R · Lakeville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+69.3%
Office building
$1.3M
+62.7%
Apartment house (5+ units)
$820,000
+1.3%
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
$730,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$810,000
Current use
RETAIL STORES
$1,370,000
Change: +69% · Conversion: Moderate
OFFICE BUILDING
$1,315,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$820,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $825k (Dec 6 2022)
Last sale anchor
$825k
Dec 6 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
$87 / 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
$18,532
Tax year 2023
Assessed value
$695,100
Assessed 2022
Previous assessed
$695,100
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$184,600
Assessed improvement
$510,500
Land market value
$184,600
Improvement market value
$510,500
Total market value
$695,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Total area
9,600 SF
Lot
1.06 ac (46,174 SF)
Zoning code
R
APN
22-11101-03-090
UPID
US46-0052479
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$810,000
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$820,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
21310 Heywood LLC
Entity
Mailing address
21310 HEYWOOD AVE, LAKEVILLE, MN 55044-9522
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
—
21310 Heywood LLC
—
Deed
related
$618,750 · Royal Cu
Dec 6, 2022
$825,000
21310 Heywood LLC
Bbr Partnership III
Limited Warranty Deed
$618,750 · Royal Cu
Jan 25, 2005
$500
Bbr Ptshp III
Bbr Ptshp
Quit Claim Deed
related
—
—
—
Bbr Ptshp III
—
Deed Of Trust
related
$330,000 · Bank Of America
—
—
Bbr Ptshp III
—
Deed Of Trust
related
$248,600 · Bank Of America
—
—
Bbr Ptshp III
—
Deed Of Trust
related
$336,000 · National City Bank Michigan/il
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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