New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,635,000
Industrial properties
2581 Fairview N Ave, Roseville, MN 55113-2616
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0635615
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
52,040 SF
Lot
2.95 ac (128,676 SF)
Zoning code
N
APN
09-29-23-21-0008
UPID
US46-0635615
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
$4.08M
Blend (final)
Blend
$3.64M
Owner & transaction history
Erp Minnesota Portfolio LLC · 19 yrs held
Erp Minnesota Portfolio LLC
since 2006
4 recorded transactions
Zoning & alternative use
N · Roseville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$6.0M
+70.3%
Office building
$5.7M
+61.9%
Retail stores
$5.3M
+51.1%
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
INDUSTRIAL (GENERAL)
$3,520,000
Current use
WAREHOUSE, STORAGE
$5,995,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$5,695,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$5,320,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$3.64M
Range $3.27M – $4.00M · ±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
$70 / 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
$116,086
Tax year 2023
Assessed value
$4,508,900
Assessed 2023
Previous assessed
$3,550,300
+27.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$1,286,800
Assessed improvement
$3,222,100
Land market value
$1,286,800
Improvement market value
$3,222,100
Total market value
$4,508,900
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
STEAM
Buildings
3
Total area
52,040 SF
Lot
2.95 ac (128,676 SF)
Zoning code
N
APN
09-29-23-21-0008
UPID
US46-0635615
Jurisdiction
RAMSEY
Zoning & alternative use
N · Roseville, MN
Zoning N · permitted uses
N · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.7M
RETAIL STORES
Est. value
$5.3M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1979
Heating
STEAM
Buildings
3
Lot
2.95 ac
Current owner
From public records · entity-resolved
Erp Minnesota Portfolio LLC
Entity
Mailing address
2575 FAIRVIEW AVE N, ROSEVILLE, MN 55113-2685
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Jul 31, 2018
—
New Hope Distribution Ctr LLC
—
Deed
related
$2,320,000 · 21st Century Bk
Jul 18, 2006
$28,409,000
Erp Minnesota Portfolio LLC
Minnesota Industrial Venture L
Warranty Deed
related
—
—
—
New Hope Distribution Ctr LLC
—
Deed Of Trust
related
$250,000 · 21st Century Bk
—
—
New Hope Distribution Ctr LLC
—
Deed Of Trust
related
$2,320,000 · 21st Century 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2581 Fairview N Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
