New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Office buildings
2722 I I 694, New Brighton, MN 55112
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-0729265
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
12,387 SF
Lot
0.87 ac (37,897 SF)
Zoning code
I
APN
19-30-23-34-0010
UPID
US46-0729265
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
$1.18M
Blend (final)
Blend
$1.15M
Owner & transaction history
Benedictine Health System · 7 yrs held
Benedictine Health System
since 2019
7 recorded transactions
Zoning & alternative use
I · New Brighton, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+34.6%
Warehouse, storage
$1.4M
+5.2%
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 New Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brighton 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
OFFICE BUILDING
$1,355,000
Current use
MEDICAL BUILDING
$1,825,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$1,425,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$1,265,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,140,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$92 / 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
$30,816
Tax year 2023
Assessed value
$1,128,800
Assessed 2023
Previous assessed
$1,013,200
+11.4% YoY
Effective rate
2.73%
On assessed value
Assessed land
$227,400
Assessed improvement
$901,400
Land market value
$227,400
Improvement market value
$901,400
Total market value
$1,128,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
YES
Cooling
CENTRAL
Total area
12,387 SF
Lot
0.87 ac (37,897 SF)
Zoning code
I
APN
19-30-23-34-0010
UPID
US46-0729265
Jurisdiction
RAMSEY
Zoning & alternative use
I · New Brighton, MN
Zoning I · permitted uses
I · New Brighton, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brighton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1980
Heating
YES
Cooling
Yes
Lot
0.87 ac
Current owner
From public records · entity-resolved
Benedictine Health System
Individual
Mailing address
6499 UNIVERSITY AVE NE #300, MINNEAPOLIS, MN 55432-4303
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2019
$1,200,000
Benedictine Health System
Lenny Ents II LLP
Warranty Deed
—
Dec 31, 2018
$500
Lenny Ents II LLP
Innsbruck Office Building LLC
Quit Claim Deed
related
—
Aug 10, 2017
$147,059
Lenny Ents II LLP
Del Co LP
Quit Claim Deed
related
—
Jul 13, 2017
$500
Lenny Ents II LLP
North Innsbruck Associates
Quit Claim Deed
related
—
Mar 27, 2017
—
Lenny Ents II LLP
—
Deed
related
$641,721 · Highland Bk
Nov 2, 2004
—
Innsbruck Office Park LLC
North Innsbruck Associates
Quit Claim Deed
related
—
—
—
Lenny Enterprises II LLP
—
Deed Of Trust
related
$557,500 · Highland Bk
—
—
Lenny Ents II LLP
—
Loan Modification
related
$641,721 · Highland 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 2722 I I, Unit 694?
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.
