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Property profile & analytics
OFF-MARKET
Estimated value
$4,565,000
Industrial properties
2875 160th W St Rosemount, MN 55068-1627
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US46-0610074
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
STEEL FRAME
Total area
36,000 SF
Lot
28.65 ac (1,247,994 SF)
APN
34-32800-01-010
UPID
US46-0610074
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
$6.02M
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$4.57M
Owner & transaction history
The Lakes Of Highstone Limited Liab · 13 yrs held
The Lakes Of Highstone Limited Liab
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.1M
+135.5%
Restaurant
$7.0M
+130.4%
Auto repair, garage
$6.1M
+102.8%
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 Rosemount submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rosemount 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%
$6,520,000
6.5%
$6,015,000
7%
$5,585,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,030,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,135,000
Change: +135% · Conversion: Difficult
RESTAURANT
$6,985,000
Change: +130% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,145,000
Change: +103% · Conversion: Easy
WAREHOUSE, STORAGE
$5,485,000
Change: +81% · Conversion: Easy
RETAIL STORES
$5,130,000
Change: +69% · Conversion: Moderate
OFFICE BUILDING
$4,930,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,070,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$4.57M
Range $4.11M – $5.02M · ±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
$127 / 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
$136,398
Tax year 2023
Assessed value
$5,037,900
Assessed 2023
Previous assessed
$4,120,700
+22.3% YoY
Effective rate
2.71%
On assessed value
Assessed land
$1,692,200
Assessed improvement
$3,345,700
Land market value
$1,692,200
Improvement market value
$3,345,700
Total market value
$5,037,900
Applied tax rate
34.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Buildings
6
Bathrooms
5
Total area
36,000 SF
Lot
28.65 ac (1,247,994 SF)
APN
34-32800-01-010
UPID
US46-0610074
Jurisdiction
DAKOTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
RESTAURANT
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.5M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1989
Construction
STEEL FRAME
Heating
NONE
Buildings
6
Bathrooms
5
Lot
28.65 ac
Current owner
From public records · entity-resolved
The Lakes Of Highstone Limited Liab
Individual
Mailing address
2871 160TH ST W, ROSEMOUNT, MN 55068-1627
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2013
$6,000,000
The Lakes Of Highstone Limited Liab
Highstone Limited Partnership
Limited Warranty Deed
$4,500,000 · Vermillion State Bank
Jul 13, 2007
$500
Highstone
Vermillion State Bank
Quit Claim Deed
related
—
—
—
Lakes Of Highstone Lllp
—
Deed Of Trust
related
$1,300,000 · Vermillion St 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.
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