Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$210,000
Banks
2353 7th Ave Anoka, MN 55303-1768
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0902833
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1976
Construction
WOOD FRAME
Total area
594 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B-6
APN
06-31-24-31-0089
UPID
US46-0902833
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
-
Astound Video Duplication and Transfer Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$210k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$210k
Owner & transaction history
Domestic Properties Anoka LLC · 5 yrs held
Domestic Properties Anoka LLC
since 2021
Last sale
$175,781
2 recorded transactions
Zoning & alternative use
B-6 · Anoka, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the B-6 Neighborhood Commercial Business District is to provide appropriately located areas for low intensity retail stores, offices, and personal service establishments patronized by residents of the neighborhood area.
Zone name
Neighborhood Commercial Business
General category
COMMERCIAL
Zone area
58.93 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
$210,000
ML approach
$210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$210k
Range $189k – $231k · ±10% · vs last sale $176k (May 6 2021)
Last sale anchor
$176k
May 6 2021
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
$354 / 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
$3,508
Tax year 2024
Assessed value
$191,800
Assessed 2024
Previous assessed
$191,800
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$110,000
Assessed improvement
$81,800
Land market value
$110,000
Improvement market value
$81,800
Total market value
$191,800
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
594 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B-6
APN
06-31-24-31-0089
UPID
US46-0902833
Jurisdiction
ANOKA
Zoning & alternative use
B-6 · Anoka, MNZoning B-6 · permitted uses
B-6 · Anoka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the B-6 Neighborhood Commercial Business District is to provide appropriately located areas for low intensity retail stores, offices, and personal service establishments patronized by residents of the neighborhood area.
Zone name
Neighborhood Commercial Business
General category
COMMERCIAL
Zone area
58.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Domestic Properties Anoka LLC
Entity
Mailing address
2065 JAMES AVE, SAINT PAUL, MN 55105-1317
Ownership since
2021
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
May 6, 2021
$175,781
Domestic Properties Anoka LLC
Michael R Moriarty
Limited Warranty Deed
$100,000 · Maple Bank
Jul 2, 2018
$85,000
Michael R Moriarty
U S Bk Natl Assn
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2353 7th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
