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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Grocery and convenience stores
2490 County Rd F E F, White Bear Lake, MN 55110-7404
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0467986
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1986
Total area
3,000 SF
Lot
0.28 ac (12,066 SF)
Zoning code
E
APN
25-30-22-21-0001
UPID
US46-0467986
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
$550k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
White Bear Express INC · 5 yrs held
White Bear Express INC
since 2021
Last sale
$675,000
3 recorded transactions
Zoning & alternative use
E · White Bear Lake, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$610,000
+20.8%
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 White Bear Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Bear Lake 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
$610,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$440,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Current use
AUTO REPAIR, GARAGE
$610,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$440,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $675k (Mar 26 2021)
Last sale anchor
$675k
Mar 26 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
$210 / 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
$17,760
Tax year 2023
Assessed value
$712,600
Assessed 2023
Previous assessed
$610,000
+16.8% YoY
Effective rate
2.49%
On assessed value
Assessed land
$72,600
Assessed improvement
$640,000
Land market value
$72,600
Improvement market value
$640,000
Total market value
$712,600
Applied tax rate
624.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1986
Heating
STEAM
Buildings
2
Total area
3,000 SF
Lot
0.28 ac (12,066 SF)
Zoning code
E
APN
25-30-22-21-0001
UPID
US46-0467986
Jurisdiction
RAMSEY
Zoning & alternative use
E · White Bear Lake, MN
Zoning E · permitted uses
E · White Bear Lake, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Bear Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$610,000
MEDICAL BUILDING
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1986
Heating
STEAM
Buildings
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
White Bear Express INC
Entity
Mailing address
2490 COUNTY RD F F E, WHITE BEAR LAKE, MN 55110-7404
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2021
$675,000
White Bear Express INC
Twin City Petroleum & Properties Ll
Warranty Deed
$405,000 · Community Resource Bank NA
Oct 12, 2018
$240,000
Twin City Petroleum & Prop LLC
Erickson Oil Products INC
Grant Deed
—
Feb 10, 2015
$185,000
Erickson Oil Products INC
Western International Trading
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.
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