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Property profile & analytics
OFF-MARKET
Estimated value
$320,000
Golf courses & driving ranges
2215 3rd Ave Anoka, MN 55303-2272
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US46-0788669
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1889
Construction
WOOD
Total area
1,332 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B-3
APN
06-31-24-33-0089
UPID
US46-0788669
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
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Judd C Hegvik · 13 yrs held
Judd C Hegvik
since 2013
2 recorded transactions
Zoning & alternative use
B-3 · Anoka, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-3 General Business District is designed to accommodate the central retail and office activities, which are of citywide and of regional significance with a wide variety of retail shopping opportunities. The retail and office uses which are allowed in this district are those which are basically retail in nature in order that a convenient
Zone name
General Business
General category
COMMERCIAL
Zone area
17.16 ac
Source
Realmo
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 Anoka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anoka 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
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$320k
Range $288k – $352k · ±10%
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
$240 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,043
Tax year 2024
Assessed value
$243,900
Assessed 2024
Previous assessed
$243,900
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$168,000
Assessed improvement
$75,900
Land market value
$168,000
Improvement market value
$75,900
Total market value
$243,900
Applied tax rate
1.0000
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1889
Construction
WOOD
Heating
BASEBOARD
Stories
2
Rooms
7
Bathrooms
3
Total area
1,332 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B-3
APN
06-31-24-33-0089
UPID
US46-0788669
Jurisdiction
ANOKA
Zoning & alternative use
B-3 · Anoka, MNZoning B-3 · permitted uses
B-3 · Anoka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-3 General Business District is designed to accommodate the central retail and office activities, which are of citywide and of regional significance with a wide variety of retail shopping opportunities. The retail and office uses which are allowed in this district are those which are basically retail in nature in order that a convenient
Zone name
General Business
General category
COMMERCIAL
Zone area
17.16 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1889
Construction
WOOD
Heating
BASEBOARD
Stories
2
Rooms
7
Bathrooms
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Judd C Hegvik
Individual
Mailing address
12817 PIERCE PL NE, BLAINE, MN 55434-4066
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2013
—
Judd C Hegvik
Dupont,julie A
Quit Claim Deed
related
—
Jun 28, 2011
$179,000
Judd Hegvik
Morse,andrew E & Janet C
Grant Deed
$160,000 · Andrew E & Janet C Morse
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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