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Property profile & analytics
FOR LEASE
Industrial properties
2290 Woodale Dr, Mounds View, MN 55112
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-2918758
For Lease
$5,500,000
2290 Woodale Dr, Mounds View, MN 55112
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
WOOD FRAME
Total area
84,482 SF
Lot
1.8 ac (78,364 SF)
APN
08-30-23-43-0038
UPID
US46-2918758
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.99M
Blend (final)
Blend
$5.50M
Owner & transaction history
Bre Of Dp Mn LLC · 14 yrs held
Bre Of Dp Mn LLC
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.6M
+51.1%
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 Mounds View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mounds View 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,715,000
Current use
RETAIL STORES
$8,635,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$5.50M
Range $4.95M – $6.05M · ±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
$65 / 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
$178,976
Tax year 2023
Assessed value
$6,318,400
Assessed 2023
Previous assessed
$5,582,100
+13.2% YoY
Effective rate
2.83%
On assessed value
Assessed land
$548,800
Assessed improvement
$5,769,600
Land market value
$548,800
Improvement market value
$5,769,600
Total market value
$6,318,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1989
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
84,482 SF
Lot
1.8 ac (78,364 SF)
APN
08-30-23-43-0038
UPID
US46-2918758
Jurisdiction
RAMSEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.7M
RETAIL STORES
Est. value
$8.6M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1989
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
1.8 ac
Current owner
From public records · entity-resolved
Bre Of Dp Mn LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2020
—
Icon Owner Pool 3 Midwest Of Sout
—
Deed
related
$649,427,615 · Deutsche Bk Ag/ny Branch
Jun 19, 2020
—
Icon Owner Pool 3 Midwest Of Sout
—
Deed
related
$649,427,615 · Deutsche Bk Ag/ny Branch
Jun 29, 2012
$16,600,000
Bre Of Dp Mn LLC
Dexus Indl Spe Financed Portf
Grant Deed
$50,000,000 · General Elec Cap
—
—
Icon Owner Pool 3 Midwest Of Sout
—
Loan Modification
related
$649,427,615 · Deutsche Bk Ag/ny Branch
—
—
Icon Owner Pool 3 Midwest Of Sout
—
Loan Modification
related
$649,427,615 · Deutsche Bk Ag/ny Branch
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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