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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Turn key restaurants
2171 4th St, White Bear Lake, MN 55110-3014
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0107856
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2009
Construction
WOOD FRAME
Total area
12,808 SF
Lot
0.23 ac (9,975 SF)
Zoning code
D
APN
14-30-22-41-0035
UPID
US46-0107856
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
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.62M
Owner & transaction history
2171 Properties LLC · 3 yrs held
2171 Properties LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
D · White Bear Lake, 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 White Bear Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Bear Lake 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
$1,485,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,595,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.82M (Aug 2 2022)
Last sale anchor
$1.82M
Aug 2 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
$126 / 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
$38,206
Tax year 2023
Assessed value
$1,347,500
Assessed 2023
Previous assessed
$1,225,000
+10.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$250,000
Assessed improvement
$1,097,500
Land market value
$250,000
Improvement market value
$1,097,500
Total market value
$1,347,500
Applied tax rate
624.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2009
Construction
WOOD FRAME
Heating
YES
Cooling
CENTRAL
Total area
12,808 SF
Lot
0.23 ac (9,975 SF)
Zoning code
D
APN
14-30-22-41-0035
UPID
US46-0107856
Jurisdiction
RAMSEY
Zoning & alternative use
D · White Bear Lake, MN
Zoning D · permitted uses
D · White Bear Lake, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Bear Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.6M
AUTO REPAIR, GARAGE
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
2009
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Lot
0.23 ac
Current owner
From public records · entity-resolved
2171 Properties LLC
Entity
Mailing address
2171 4TH ST, WHITE BEAR LAKE, MN 55110-3014
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2023
—
2171 Properties LLC
—
Deed
related
$763,000 · Wbd INC
Aug 2, 2022
$1,820,000
2171 Properties LLC
Manitou Properties LLC
Warranty Deed
$744,000 · Choice Financial Group
Jan 25, 2008
$525,000
Manitou Properties LLC
Lps Real Estate Holdings LLC
Warranty Deed
$2,338,050 · Summit Cmnty Bk
Oct 28, 2004
$250,100
Muhammad A El-baba
Vang,chou C
Warranty Deed
—
Oct 28, 2004
$585,000
Lps Real Estate Holdings LLC
El-baba,muhammad A & Sohad M
Warranty Deed
related
$303,000 · Peoples Bank Of Commerce
Jun 25, 2002
$295,000
Chou C Vang
Stevens,kenneth C & Karen A
Grant Deed
—
Jul 24, 2001
$331,230
Chou C Vang
Stevens,kenneth C & Karen A
Grant Deed
$331,230 · Kenneth C & Karen A
—
—
Manitou Properties LLC
—
Deed Of Trust
related
$2,550,000 · Summit Community Bank NA
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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