New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Office buildings
219 Little Canada E Rd, Little Canada, MN 55117-1325
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0322507
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
29,968 SF
Lot
1.9 ac (82,851 SF)
Zoning code
M
APN
06-29-22-44-0041
UPID
US46-0322507
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
$2.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.78M
Owner & transaction history
London Square LLC · 4 yrs held
London Square LLC
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
M · Little Canada, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.4M
+34.6%
Warehouse, storage
$3.5M
+5.2%
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 Little Canada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Canada 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
$2,570,000
ML approach
$2,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,280,000
Current use
MEDICAL BUILDING
$4,415,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$3,455,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$3,065,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,755,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.78M
Range $2.50M – $3.06M · ±10% · vs last sale $3.15M (Apr 26 2022)
Last sale anchor
$3.15M
Apr 26 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
$93 / 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
$52,028
Tax year 2023
Assessed value
$1,682,700
Assessed 2023
Previous assessed
$1,682,700
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$497,200
Assessed improvement
$1,185,500
Land market value
$497,200
Improvement market value
$1,185,500
Total market value
$1,682,700
Applied tax rate
623.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Heating
STEAM
Buildings
2
Total area
29,968 SF
Lot
1.9 ac (82,851 SF)
Zoning code
M
APN
06-29-22-44-0041
UPID
US46-0322507
Jurisdiction
RAMSEY
Zoning & alternative use
M · Little Canada, MN
Zoning M · permitted uses
M · Little Canada, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Little Canada. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1971
Heating
STEAM
Buildings
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
London Square LLC
Entity
Mailing address
3555 WILLOW LK BLVD STE #200, VADNAIS HEIGHTS, MN 55110-5131
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
—
London Square LLC
Mayhem Properties LLC
Re-recorded Document
related
$2,362,500 · Farmers & Merchants Savings Bnak
Apr 26, 2022
$3,150,000
London Square LLC
Mayhem Properties LLC
Warranty Deed
$2,362,500 · Freedombank
Apr 14, 2017
—
Mayhem Properties LLC
—
Deed
related
$4,814,000 · 21st Century Bk
Apr 7, 2017
—
Mayhem Properties LLC
—
Deed
related
$4,814,000 · 21st Century Bk
Aug 29, 2016
—
Mayhem Properties LLC
—
Deed
related
$250,000 · Bremer Bk
Aug 25, 2016
—
Mayhem Properties LLC
—
Deed
related
$250,000 · Bremer Bk
Aug 12, 2016
—
Mayhem Properties LLC
—
Deed
related
$549,806 · Bremer Bk
Aug 8, 2016
—
Mayhem Properties LLC
—
Deed
related
$549,806 · Bremer Bk
Oct 1, 2009
$500
Peoples Bk Of Commerce
Lca-little Canada LLC
Grant Deed
related
—
May 1, 2002
—
Lca-little Canada LLC
Little Canada Associates Ltd
Quit Claim Deed
related
$1,912,500 · Peoples Bank Of Commerce
—
—
Mayhem Properties LLC
—
Deed Of Trust
related
$250,000 · Bremer Bk
—
—
Mayhem Properties LLC
—
Deed Of Trust
related
$250,000 · Bremer Bk
—
—
Mayhem Properties LLC
—
Loan Modification
related
$549,806 · Bremer Bk
—
—
Mayhem Properties LLC
—
Loan Modification
related
$549,806 · Bremer Bk
—
—
Mayhem Properties LLC
—
Deed Of Trust
related
$4,814,000 · 21st Century Bk
—
—
Mayhem Properties LLC
—
Deed Of Trust
related
$4,814,000 · 21st Century 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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