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Property profile & analytics
OFF-MARKET
Estimated value
$8,760,000
Automotive properties
2590 Maplewood N Dr Maplewood, MN 55109-1929
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-0753515
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1980
Total area
20,668 SF
Lot
3.11 ac (135,689 SF)
APN
09-29-22-12-0013
UPID
US46-0753515
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
$8.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.50M
Blend (final)
Blend
$8.76M
Owner & transaction history
Spirit Realty LP · 5 yrs held
Spirit Realty LP
since 2020
Last sale
$9.1M
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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
$8,205,000
ML approach
$8,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.76M
Range $7.88M – $9.64M · ±10% · vs last sale $9.13M (Dec 24 2020)
Last sale anchor
$9.13M
Dec 24 2020
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
$424 / 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
$132,744
Tax year 2023
Assessed value
$5,022,500
Assessed 2023
Previous assessed
$4,000,000
+25.6% YoY
Effective rate
2.64%
On assessed value
Assessed land
$949,900
Assessed improvement
$4,072,600
Land market value
$949,900
Improvement market value
$4,072,600
Total market value
$5,022,500
Applied tax rate
622.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1980
Heating
STEAM
Buildings
3
Total area
20,668 SF
Lot
3.11 ac (135,689 SF)
APN
09-29-22-12-0013
UPID
US46-0753515
Jurisdiction
RAMSEY
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
Year built
1980
Heating
STEAM
Buildings
3
Lot
3.11 ac
Current owner
From public records · entity-resolved
Spirit Realty LP
Entity
Free & Clear · 5 yrs held
Mailing address
6800 DUMBARTON CIR, FREMONT, CA 94555-3646
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2020
$9,125,000
Spirit Realty LP
Accelerated Investments Mn LLC
Grant Deed
—
Jan 2, 2018
$3,900,000
Accelerated Investments Mn LLC
Walser Real Estate LLC
Grant Deed
$3,800,000 · Fifth Third Bk
Dec 22, 2017
$13,260
Accelerated Investments Mn LLC
Walser Real Estate LLC
Trustees Deed
related
$3,800,000 · Fifth Third Bk
Aug 31, 2016
—
Walser Real Estate LLC
—
Deed
related
$1,920,000 · Bank Of America
Apr 9, 2014
$2,120,659
Walser Rea Estate LLC
Kline Family LP
Warranty Deed
—
Apr 9, 2014
$2,120,588
Walser Real Estate LLC
Kline Family LP
Warranty Deed
—
Feb 28, 1999
—
Kline Management LLC
Kline,hess & Renee
Quit Claim Deed
related
—
Dec 23, 1998
—
Kline Management LLC
Kline,hess & Renee
Quit Claim Deed
related
—
—
—
Walser Real Estate LLC
—
Deed Of Trust
related
$1,920,000 · Bank Of America
—
—
Walser Real Estate LLC
—
Deed Of Trust
related
$1,920,000 · Bank Of America
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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