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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Apartment buildings
2665 Mounds Vw Blvd, Mounds View, MN 55112-4086
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0784497
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
WOOD FRAME
Total area
21,420 SF
Lot
1.62 ac (70,611 SF)
Zoning code
D
APN
06-30-23-43-0013
UPID
US46-0784497
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
$2.45M
Blend (final)
Blend
$2.09M
Owner & transaction history
Burnsville Parkway Estates LLC · 8 yrs held
Burnsville Parkway Estates LLC
since 2018
7 recorded transactions
Zoning & alternative use
D · Mounds View, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.2M
+60.2%
Warehouse, storage
$2.5M
+25.3%
Office building
$2.3M
+19.1%
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 Mounds View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mounds View 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
APARTMENT HOUSE (5+ UNITS)
$1,970,000
Current use
MEDICAL BUILDING
$3,155,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,470,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$2,345,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$2,190,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±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
$97 / 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
$33,234
Tax year 2023
Assessed value
$3,394,200
Assessed 2023
Previous assessed
$3,394,200
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$800,000
Assessed improvement
$2,594,200
Land market value
$800,000
Improvement market value
$2,594,200
Total market value
$3,394,200
Applied tax rate
621.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Construction
WOOD FRAME
Heating
YES
Buildings
5
Units
23
Total area
21,420 SF
Lot
1.62 ac (70,611 SF)
Zoning code
D
APN
06-30-23-43-0013
UPID
US46-0784497
Jurisdiction
RAMSEY
Zoning & alternative use
D · Mounds View, MN
Zoning D · permitted uses
D · Mounds View, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mounds View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
1970
Construction
WOOD FRAME
Heating
YES
Buildings
5
Units
23
Lot
1.62 ac
Current owner
From public records · entity-resolved
Burnsville Parkway Estates LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3853 CENTRAL AVE NE, COLUMBIA HEIGHTS, MN 55421-3930
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2018
—
Burnsville Parkway Estates LLC
—
Grant Deed
related
$2,505,000 · Sunrise Bk/ca
Mar 5, 2018
$3,375,000
Burnsville Parkway Estates LLC
Mounds View Family Housing LP
Grant Deed
—
Dec 28, 1998
—
Mounds View Family Housing LP
Mounds View Family Housing LLC
Quit Claim Deed
related
$1,560,000 · Stearns Bank NA
—
—
Mounds View Family Housing LP
—
Deed Of Trust
related
$245,000 · Housing Finance Agency Mn
—
—
Mounds View Family Housing LP
—
Deed Of Trust
related
$245,000 · Family Housing Fund
—
—
Mounds View Family Housing LP
—
Deed Of Trust
related
$1,157,190 · Housing Finance Agency Mn
—
—
Mounds View Family Housing LP
—
Deed Of Trust
related
$100,000 · Housing Finance Agency Mn
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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