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Property profile & analytics
OFF-MARKET
Estimated value
$15,325,000
Warehouses
2501 Walnut St, Roseville, MN 55113-2522
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0264780
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
WOOD FRAME
Total area
147,919 SF
Lot
15.97 ac (695,653 SF)
Zoning code
O
APN
08-29-23-23-0005
UPID
US46-0264780
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
$15.33M
Owner & transaction history
Meritex Indl Portfolio LLC · 6 yrs held
Meritex Indl Portfolio LLC
since 2019
6 recorded transactions
Zoning & alternative use
O · Roseville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$24.8M
+45.7%
Medical building
$21.8M
+27.9%
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 Roseville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roseville 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
WAREHOUSE, STORAGE
$17,040,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$24,825,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$21,795,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$16,195,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$15,120,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$15.33M
Range $13.79M – $16.86M · ±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
$104 / 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
$986,564
Tax year 2023
Assessed value
$31,860,300
Assessed 2023
Previous assessed
$29,823,900
+6.8% YoY
Effective rate
3.10%
On assessed value
Assessed land
$4,869,600
Assessed improvement
$26,990,700
Land market value
$4,869,600
Improvement market value
$26,990,700
Total market value
$31,860,300
Applied tax rate
623.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
147,919 SF
Lot
15.97 ac (695,653 SF)
Zoning code
O
APN
08-29-23-23-0005
UPID
US46-0264780
Jurisdiction
RAMSEY
Zoning & alternative use
O · Roseville, MN
Zoning O · permitted uses
O · Roseville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roseville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.8M
MEDICAL BUILDING
Est. value
$21.8M
OFFICE BUILDING
Est. value
$16.2M
RETAIL STORES
Est. value
$15.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
2018
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
15.97 ac
Current owner
From public records · entity-resolved
Meritex Indl Portfolio LLC
Entity
Mailing address
24 UNIVERSITY AVE NE STE #400, MINNEAPOLIS, MN 55413-2685
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Nov 1, 2019
$500
Meritex Indl Portfolio LLC
Meritex-highcrest Dc III LLC
Quit Claim Deed
related
—
Jun 20, 2018
—
Meritex-highcrest Dc III LLC
—
Deed
related
$18,131,000 · Us Bk
Dec 3, 2014
—
Us Bank NA 2005-gg3 Tr
Uc06 Roseville Mn LLC
Grant Deed
related
—
Feb 24, 2006
$29,600,000
Uc06 Roseville Mn LLC
Stonewater Uls Funding LLC
Warranty Deed
—
Jul 6, 2004
$26,075,000
Stonewater Uis Funding LLC
Meritex Enterprises INC
Grant Deed
related
$20,860,000 · Greenwich Capital Finl Produc
—
—
Meritex-highcrest Dc III LLC
—
Deed Of Trust
related
$18,131,000 · Us Bk
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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