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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Bars & Pubs
27998 Chippendale Ave Northfield, MN 55057-5513
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0870689
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1941
Construction
WOOD
Total area
7,298 SF
Lot
1.73 ac (75,359 SF)
Zoning code
R
APN
07-03200-52-010
UPID
US46-0870689
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
$662k
Blend (final)
Blend
$620k
Owner & transaction history
Simman INC · 1 yrs held
Simman INC
since 2025
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
R · Northfield, MN
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 Northfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northfield 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
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $600k (Oct 14 2024)
Last sale anchor
$600k
Oct 14 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
$85 / 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
$3,754
Tax year 2023
Assessed value
$248,600
Assessed 2022
Previous assessed
$248,600
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$105,600
Assessed improvement
$143,000
Land market value
$105,600
Improvement market value
$143,000
Total market value
$248,600
Applied tax rate
7.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
NONE
Bathrooms
3
Total area
7,298 SF
Lot
1.73 ac (75,359 SF)
Zoning code
R
APN
07-03200-52-010
UPID
US46-0870689
Jurisdiction
DAKOTA
Zoning & alternative use
R · Northfield, MN
Zoning R · permitted uses
R · Northfield, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1941
Construction
WOOD
Heating
NONE
Bathrooms
3
Lot
1.73 ac
Current owner
From public records · entity-resolved
Simman INC
Entity
Mailing address
7100 NORTHLAND CIR N STE #410, BROOKLYN PARK, MN 55428-1500
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2025
$600,000
Simman INC
Castle Rock Bar & Grill INC
Warranty Deed
$400,374 · Castle Rock Bank
May 8, 2007
$295,000
Castle Rock & Roll LLC
Riches,thomas F
Warranty Deed
$200,000 · Castle Rock 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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