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Property profile & analytics
OFF-MARKET
Office buildings
2414 117th St Burnsville, MN 55337-1269
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US46-3217660
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
WOOD FRAME
Total area
1,120 SF
Lot
0.04 ac (1,742 SF)
APN
02-17815-01-020
UPID
US46-3217660
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
-
Quality Physicals and Drug Testing Medical Examiner Drug Testing Service
-
Elite Services, Inc. Real Estate Agency
-
BrightStar Care Burnsville/South St. Paul Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Quality Physicals LLC · 8 yrs held
Quality Physicals LLC
since 2018
6 recorded transactions
Zoning & alternative use
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 Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,322
Tax year 2023
Assessed value
$132,200
Assessed 2022
Previous assessed
$128,900
+2.6% YoY
Effective rate
1.76%
On assessed value
Assessed land
$60,000
Assessed improvement
$72,200
Land market value
$60,000
Improvement market value
$72,200
Total market value
$132,200
Applied tax rate
2.0000
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
2000
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Total area
1,120 SF
Lot
0.04 ac (1,742 SF)
APN
02-17815-01-020
UPID
US46-3217660
Jurisdiction
DAKOTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2000
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Quality Physicals LLC
Entity
Mailing address
2414 E 117TH ST, BURNSVILLE, MN 55337-1269
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2018
$143,000
Quality Physicals LLC
Pylkas,grant & Mary J
Warranty Deed
$125,000 · Bankvista
Aug 10, 2012
$90,000
Grant Pylkas
Central Bank
Limited Warranty Deed
$72,000 · Trustone Financial FCU
Aug 25, 2010
$153,545
Central Bk
Deputy Sheriff Of Dakota County
Trustees Deed
related
—
Dec 7, 2004
$216,000
Elite Services INC
Safe,christopher R
Warranty Deed
$173,000 · Main Street Bank
Dec 7, 2004
$500
Christopher R Safe
Safe 4 Holdings LLC
Quit Claim Deed
related
—
—
—
Elite Services INC
—
Deed Of Trust
related
$40,000 · Main Street Bank
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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