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Property profile & analytics
OFF-MARKET
Estimated value
$2,685,000
Auto shops
21568 Highview Ave Lakeville, MN 55044-7575
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1658888
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2016
Total area
94,592 SF
Lot
14.3 ac (623,104 SF)
APN
22-37515-01-010
UPID
US46-1658888
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
-
Interstate BearingSystems Auto Parts Store
-
Interstate Power Systems Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.69M
Owner & transaction history
Jas Warehouse Property LLC · 7 yrs held
Jas Warehouse Property LLC
since 2018
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$28 / 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
$260,540
Tax year 2023
Assessed value
$8,949,400
Assessed 2022
Previous assessed
$8,512,400
+5.1% YoY
Effective rate
2.91%
On assessed value
Assessed land
$2,492,400
Assessed improvement
$6,457,000
Land market value
$2,492,400
Improvement market value
$6,457,000
Total market value
$8,949,400
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
2016
Heating
NONE
Total area
94,592 SF
Lot
14.3 ac (623,104 SF)
APN
22-37515-01-010
UPID
US46-1658888
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
2016
Heating
NONE
Lot
14.3 ac
Current owner
From public records · entity-resolved
Jas Warehouse Property LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2901 E 78TH ST, MINNEAPOLIS, MN 55425-1501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Nov 14, 2018
$1,215,324
Jas Warehouse Property LLC
Scannell Properties 347 LLC
Warranty Deed
—
Nov 19, 2015
—
Interstate Lakeville Prop LLC
—
Grant Deed
related
$13,600,000 · Home Fed'l Bk
Jan 14, 2013
$1,134,000
Interstate Lakeville Prop LLC
American Bk Of St Paul
Grant Deed
$500,000 · Commerce Bk
Nov 30, 2009
—
Jbt Real Estate LLC
—
Loan Modification
related
$3,068,380 · American Bk/st Paul
Jan 22, 2004
$1,500,000
Jbt Real Estate LLC
Airlake Dev INC
Warranty Deed
—
—
—
Jbt Real Estate LLC
—
Deed Of Trust
related
$1,500,000 · Scherer Bros Lumber Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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