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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Commercial real estate
2761 229th NW Ave, Saint Francis, MN 55070-9652
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0731151
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
2,160 SF
Lot
2.32 ac (101,059 SF)
APN
33-34-24-43-0110
UPID
US46-0731151
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
$650k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Bkcdc Enterprises LLC · 2 yrs held
Bkcdc Enterprises LLC
since 2024
Last sale
$650,000
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 Saint Francis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Francis 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$460,000
7%
$425,000
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Apr 30 2024)
Last sale anchor
$650k
Apr 30 2024
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
$301 / 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
Tax billed
$2,941
Tax year 2024
Assessed value
$190,800
Assessed 2024
Previous assessed
$190,800
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$99,600
Assessed improvement
$91,200
Land market value
$99,600
Improvement market value
$91,200
Total market value
$190,800
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1982
Heating
WOOD FURNACE
Cooling
CENTRAL
Stories
2
Rooms
7
Bathrooms
2
Total area
2,160 SF
Lot
2.32 ac (101,059 SF)
APN
33-34-24-43-0110
UPID
US46-0731151
Jurisdiction
ANOKA
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
1982
Heating
WOOD FURNACE
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
2
Lot
2.32 ac
Current owner
From public records · entity-resolved
Bkcdc Enterprises LLC
Entity
Mailing address
6021 167TH AVE NW, RAMSEY, MN 55303-3783
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 30, 2024
$650,000
Bkcdc Enterprises LLC
St Francis Mn LLC
Warranty Deed
$205,000 · American Land & Capital LLC
Apr 30, 2024
—
Bkcdc Enterprises LLC
—
Deed
related
$205,000 · American Land & Capital LLC
Mar 16, 2018
—
Julie,ann Steies Rev Living Trust
Steies,keith J & Julie A
Quit Claim Deed
related
—
Oct 3, 2016
$87,000
Keith J Steies
Teppo,ryan G & Christina M
Warranty Deed
—
Nov 15, 2012
—
Ryan G Teppo
Fix Construction Services Incorpora
Quit Claim Deed
$40,500 · Trustone Financial FCU
Nov 15, 2012
$53,500
Fix Construction Services INC
Village Bk
Warranty Deed
—
Dec 12, 2011
$59,900
Village Bk
Deputy Sheriff Of Anoka County
Trustees Deed
related
—
Apr 14, 2005
$500
Denali Investments LLC
Schulte,david G
Quit Claim Deed
related
—
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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