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Property profile & analytics
OFF-MARKET
Estimated value
$13,410,000
Industrial properties
21325 Hamburg Ave Lakeville, MN 55044-8341
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0866989
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1969
Construction
CONCRETE
Total area
275,666 SF
Lot
23.58 ac (1,027,151 SF)
APN
22-31076-01-021
UPID
US46-0866989
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
-
TreeHouse Private Brands Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.13M
Blend (final)
Blend
$13.41M
Owner & transaction history
John B Sanfilippo & Son INC · 2 yrs held
John B Sanfilippo & Son INC
since 2023
Last sale
$13.8M
2 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 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
$13,995,000
ML approach
$9,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.41M
Range $12.07M – $14.75M · ±10% · vs last sale $13.75M (Oct 19 2023)
Last sale anchor
$13.75M
Oct 19 2023
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
$49 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$271,262
Tax year 2022
Assessed value
$9,321,100
Assessed 2022
Previous assessed
$9,321,100
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$2,166,900
Assessed improvement
$7,154,200
Land market value
$2,166,900
Improvement market value
$7,154,200
Total market value
$9,321,100
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
1969
Construction
CONCRETE
Heating
NONE
Buildings
2
Bathrooms
6
Total area
275,666 SF
Lot
23.58 ac (1,027,151 SF)
APN
22-31076-01-021
UPID
US46-0866989
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
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
NONE
Buildings
2
Bathrooms
6
Lot
23.58 ac
Current owner
From public records · entity-resolved
John B Sanfilippo & Son INC
Entity
Free & Clear · 2 yrs held
Mailing address
1703 N RANDALL RD, ELGIN, IL 60123-7820
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
$13,750,000
John B Sanfilippo & Son INC
Treehouse Private Brands INC
Warranty Deed
—
Jan 26, 2016
$13,241,515
Ralcorp Holdings INC
Conagra Foods Packaged Foods L
Quit Claim Deed
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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