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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Strip malls
2166 Silver Lk NW Rd, New Brighton, MN 55112-5302
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US46-0489575
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1969
Total area
21,138 SF
Lot
2.3 ac (100,188 SF)
Zoning code
I
APN
18-30-23-31-0003
UPID
US46-0489575
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Ying Chee Chan & Mary P Chan L · 10 yrs held
Ying Chee Chan & Mary P Chan L
since 2016
6 recorded transactions
Zoning & alternative use
I · New Brighton, MN
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$72 / 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
$44,428
Tax year 2023
Assessed value
$1,621,800
Assessed 2023
Previous assessed
$1,435,200
+13.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$601,100
Assessed improvement
$1,020,700
Land market value
$601,100
Improvement market value
$1,020,700
Total market value
$1,621,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1969
Heating
HOT WATER
Buildings
3
Total area
21,138 SF
Lot
2.3 ac (100,188 SF)
Zoning code
I
APN
18-30-23-31-0003
UPID
US46-0489575
Jurisdiction
RAMSEY
Zoning & alternative use
I · New Brighton, MN
Zoning I · permitted uses
I · 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.
Building & site characteristics
From public records
Year built
1969
Heating
HOT WATER
Buildings
3
Lot
2.3 ac
Current owner
From public records · entity-resolved
Ying Chee Chan & Mary P Chan L
Individual
Mailing address
2810 MEDICINE RDG RD, PLYMOUTH, MN 55441-3242
Ownership since
2016
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
Feb 1, 2016
$1,630,000
Ying Chee Chan & Mary P Chan L
Silver Lake Road LLC
Warranty Deed
$250,000 · Us Bk
Jan 28, 2016
$1,630,000
Ying C Chan
Silver Lake Road LLC
Warranty Deed
$250,000 · Us Bk
Dec 23, 2014
—
Silver Lake Road LLC
Zitzloff,lowell R & Norma J
Quit Claim Deed
related
$308,000 · Voyager Bk
Dec 4, 2014
—
Silver Lake Road LLC
Zitzloff,lowell R & Norma J
Quit Claim Deed
related
$308,000 · Voyager Bk
—
—
Silver Lake Road LLC
—
Deed Of Trust
related
$50,000 · Voyager Bk
—
—
Silver Lake Road LLC
—
Deed Of Trust
related
$50,000 · Voyager Bk
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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