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Property profile & analytics
OFF-MARKET
Estimated value
$335,000
Retail space
2515 4th Ave Anoka, MN 55303-2222
Entity Owned
11-yr Hold
Free & Clear
Property ID
US46-1134514
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,384 SF
Lot
0.07 ac (3,049 SF)
Zoning code
M-2
APN
06-31-24-32-0089
UPID
US46-1134514
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
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$335k
Owner & transaction history
City Of Anoka · 11 yrs held
City Of Anoka
since 2014
4 recorded transactions
Zoning & alternative use
M-2 · Anoka, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M-2 District allows for more intensive industrial uses than other industrial zones, tailored to the city's fully developed layout with limited land and smaller parcels. It includes performance standards to ensure compatibility when located near residential or commercial areas
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
252.71 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
by Request
ML approach
$310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$335k
Range $302k – $369k · ±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
$242 / 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
Assessed value
$27,700
Assessed 2024
Previous assessed
$27,700
+0.0% YoY
Assessed land
$27,700
Land market value
$27,700
Total market value
$27,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,384 SF
Lot
0.07 ac (3,049 SF)
Zoning code
M-2
APN
06-31-24-32-0089
UPID
US46-1134514
Jurisdiction
ANOKA
Zoning & alternative use
M-2 · Anoka, MNZoning M-2 · permitted uses
M-2 · Anoka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M-2 District allows for more intensive industrial uses than other industrial zones, tailored to the city's fully developed layout with limited land and smaller parcels. It includes performance standards to ensure compatibility when located near residential or commercial areas
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
252.71 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
City Of Anoka
Entity
Free & Clear · 11 yrs held
Mailing address
2015 1ST AVE, ANOKA, MN 55303-2245
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2014
—
City Of Anoka
Marway Properties Lllp
Quit Claim Deed
related
—
Feb 8, 2013
—
Marway Properties Lllp
Marway Properties
Quit Claim Deed
related
—
Nov 30, 2012
—
Marway Properties
Jenson,daren W & Dawn R
Quit Claim Deed
related
—
Sep 11, 2006
$265,000
Daren W Jenson
Marway Props
Grant Deed
—
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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