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Property profile & analytics
FOR SALE
Manufacturing properties
24947 Larson Ln Lakeville, MN 55044
Entity Owned
Free & Clear
Property ID
US46-0246715
For Sale
1 / 2
$294,000
24947 Larson Ln, Lakeville, MN 55044
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
0.05 ac (2,178 SF)
APN
08-181004-0
UPID
US46-0246715
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
O & A Enterprises LLC
O & A Enterprises LLC
since 2026
Last sale
$289,900
7 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 Lakeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeville 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 2024Property tax & assessments
Tax year 2024
Tax billed
$200
Tax year 2024
Assessed value
$293,000
Assessed 2024
Effective rate
0.07%
On assessed value
Assessed land
$9,800
Assessed improvement
$283,200
Land market value
$9,800
Improvement market value
$283,200
Total market value
$293,000
Applied tax rate
1,001.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Lot
0.05 ac (2,178 SF)
APN
08-181004-0
UPID
US46-0246715
Jurisdiction
SCOTT
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
Lot
0.05 ac
Current owner
From public records · entity-resolved
O & A Enterprises LLC
Entity
Free & Clear · 0 yrs held
Mailing address
9375 AMBER DR, LAKEVILLE, MN 55044-4595
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
$317,393
O & A Enterprises LLC
Mesenbrink Construction & Engineering In
Special Warranty Deed
—
Apr 27, 2026
—
Larson Rentals LLC
—
Deed
related
$1,161,500 · Sterling State Bank
Jan 26, 2026
—
Upstaging Interiors LLC
—
Deed
related
$124,600 · Sterling State Bank
Dec 19, 2025
$299,375
Upstaging Interiors LLC
Mesenbrink Construction & Eng INC
Deed
$22,435 · Sterling State Bank
Dec 17, 2025
—
Lkv Assets LLC
—
Deed
related
$152,500 · Bravera Bank
Oct 2, 2025
—
Ian J Brekhus
—
Deed
related
$481,462 · The State Bank Of Faribault
May 30, 2025
$283,400
Soprano Holdings LLC
Mesenbrink Construction & Eng INC
Deed
$212,550 · Bridgewater Bank
Feb 18, 2025
$655,075
Larson Lane LLC
Mesenbrink Construction & Eng INC
Deed
—
Jan 29, 2025
$328,875
Lkv Assets LLC
Mesenbrink Construction & Eng INC
Deed
$296,000 · Bravera Bank
Jan 15, 2025
$283,400
Richies Cheese Curd Tacos LLC
Mesenbrink Construction & Eng INC
Deed
$85,020 · Sterling State Bank
Oct 8, 2024
$330,400
Keppers Plumbing LLC
Mesenbrink Construction & Eng INC
Deed
$264,300 · Affinity Plus FCU
Jul 5, 2024
—
Rmc Holdings LLC
—
Deed
related
$143,000 · Minnesota Non-profit Corporation
Jul 1, 2024
$294,900
Jp & Ep Properties LLC
Mesenbrink Construction & Eng INC
Deed
$235,920 · First Bank & Trust
Jun 28, 2024
$299,375
Shanes World LLC
Mesenbrink Const & Enginnering INC
Deed
$209,562 · Citizens Bank Minnesota
May 24, 2024
$1,174,275
North Star Industrial Condos Lakevi
Mesenbrink Construction & Eng INC
Deed
$874,165 · Alerus Financial NA
May 22, 2024
$1,164,300
North Star Industrial Condos Lakevi
Mesenbrink Construction & Eng INC
Deed
$960,000 · Sterling State Bank
May 3, 2024
$298,400
Rs Investments LLC
Mesenbrink Construction & Eng INC
Deed
$154,500 · Sterling State Bank
May 1, 2024
$334,075
Corey G Mccracken
Mesenbrink Construction & Eng INC
Deed
$233,853 · Sterling State Bank
Apr 26, 2024
$283,400
Northstar Industrial Condos Lakevil
Mesenbrink Construction & Eng INC
Warranty Deed
$212,550 · Sterling State Bank
Apr 19, 2024
$294,900
Anda Properties LLC
Mesenbrink Construction & Eng INC
Deed
$254,725 · Made Shooting Academy LLC
Mar 20, 2024
$334,375
Rmc Holdings LLC
Mesenbrink Construction & Eng INC
Deed
$172,500 · Sterling State Bank
Mar 15, 2024
$289,900
Joby E Jaberi
Mesenbrink Construction & Eng INC
Limited Warranty Deed
$231,920 · Sterling State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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