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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Manufacturing properties
2155 Old Hwy 8th NW, New Brighton, MN 55112-1823
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0777784
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Total area
8,240 SF
Lot
0.94 ac (40,903 SF)
APN
16-30-23-32-0021
UPID
US46-0777784
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
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$752k
Blend (final)
Blend
$790k
Owner & transaction history
Hoffman Weber Properties LLC · 3 yrs held
Hoffman Weber Properties LLC
since 2022
Last sale
$865,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+117.8%
Warehouse, storage
$950,000
+70.3%
Office building
$900,000
+61.9%
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
$705,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$555,000
Current use
MEDICAL BUILDING
$1,215,000
Change: +118% · Conversion: Difficult
WAREHOUSE, STORAGE
$950,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$900,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $865k (Dec 22 2022)
Last sale anchor
$865k
Dec 22 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
$96 / 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
$27,060
Tax year 2023
Assessed value
$1,103,100
Assessed 2023
Previous assessed
$896,800
+23.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$204,600
Assessed improvement
$898,500
Land market value
$204,600
Improvement market value
$898,500
Total market value
$1,103,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Heating
STEAM
Buildings
3
Total area
8,240 SF
Lot
0.94 ac (40,903 SF)
APN
16-30-23-32-0021
UPID
US46-0777784
Jurisdiction
RAMSEY
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
INDUSTRIAL (GENERAL) Current
Est. value
$555,000
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$950,000
OFFICE BUILDING
Est. value
$900,000
RETAIL STORES
Est. value
$840,000
INDUSTRIAL (GENERAL) Current
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
1996
Heating
STEAM
Buildings
3
Lot
0.94 ac
Current owner
From public records · entity-resolved
Hoffman Weber Properties LLC
Entity
Mailing address
2155 OLD HWY 8TH NW, NEW BRIGHTON, MN 55112-1823
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
—
Hoffman Weber Properties LLC
Hwp New Office LLC
Quit Claim Deed
related
$700,000 · Drake Bank
Dec 31, 2019
$865,000
Hwp New Office LLC
Klj Properties LLC
Warranty Deed
—
Oct 23, 2017
$640,000
Klj Properties LLC
Nkd Properties LLC
Warranty Deed
$512,000 · Us Bk
Jun 2, 2015
$640,000
Klj Properties LLC
Nkd Properties LLC
Dual Purpose Document
$635,000 · Nkd Properties LLC
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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