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Property profile & analytics
OFF-MARKET
Estimated value
$11,355,000
Automotive properties
2775 Hwy 35w, Roseville, MN 55113-1135
Entity Owned
Absentee Owner
Free & Clear
Property ID
US46-1011778
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2007
Total area
38,124 SF
Lot
4.74 ac (206,474 SF)
Zoning code
N
APN
05-29-23-41-0005
UPID
US46-1011778
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
$10.89M
Blend (final)
Blend
$11.36M
Owner & transaction history
Walser Real Estate IV LLC
Walser Real Estate IV LLC
since 2025
Last sale
$11.6M
7 recorded transactions
Zoning & alternative use
N · Roseville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+4.2%
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 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
AUTO REPAIR, GARAGE
$7,725,000
Current use
RESTAURANT
$8,050,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$11.36M
Range $10.22M – $12.49M · ±10% · vs last sale $11.59M (May 29 2025)
Last sale anchor
$11.59M
May 29 2025
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
$298 / 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
$229,778
Tax year 2023
Assessed value
$7,197,100
Assessed 2023
Previous assessed
$7,160,900
+0.5% YoY
Effective rate
3.19%
On assessed value
Assessed land
$2,064,700
Assessed improvement
$5,132,400
Land market value
$2,064,700
Improvement market value
$5,132,400
Total market value
$7,197,100
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2007
Heating
HOT WATER
Buildings
3
Total area
38,124 SF
Lot
4.74 ac (206,474 SF)
Zoning code
N
APN
05-29-23-41-0005
UPID
US46-1011778
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
AUTO REPAIR, GARAGE Current
Est. value
$7.7M
RESTAURANT
Est. value
$8.1M
AUTO REPAIR, GARAGE Current
RESTAURANT
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
2007
Heating
HOT WATER
Buildings
3
Lot
4.74 ac
Current owner
From public records · entity-resolved
Walser Real Estate IV LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3350 129TH AVE NW, COON RAPIDS, MN 55448-1020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
$11,590,000
Walser Real Estate IV LLC
Jason W Mccarthy
Deed
—
Apr 4, 2019
—
Bloomington Cjd R & E LLC
—
Loan Modification
related
$64,424,500 · Bank Of America
Aug 31, 2016
—
Walser Real Estate LLC
—
Deed
related
$1,575,000 · Bank Of America
Sep 22, 1998
$4,100,000
Jason W Mccarthy
Kline,hess & Renee
Grant Deed
$4,000,000 · General Motors Acceptance Corp
—
—
Walser Real Estate LLC
—
Loan Modification
related
$28,936,593 · Bmo Harris Bk NA
—
—
Walser Real Estate LLC
—
Deed Of Trust
related
$60,000,000 · Bmo Harris Bank
—
—
Walser Real Estate LLC
—
Loan Modification
related
$31,978,677 · Bmo Harris Bk NA
—
—
Walser Real Estate LLC
—
Deed Of Trust
related
$1,575,000 · Bank Of America
—
—
Walser Real Estate LLC
—
Deed Of Trust
related
$60,000,000 · Bmo Harris Bank
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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