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Property profile & analytics
FOR LEASE
Strip malls
3035 White Bear Ave, Maplewood, MN 55109
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-2943552
For Lease
1 / 2
$24 SF/Yr
3035 White Bear Ave, Maplewood, MN 55109
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Total area
37,037 SF
Lot
2.45 ac (106,766 SF)
APN
02-29-22-21-0035
UPID
US46-2943552
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
$5.05M
CAP Approach
CAP
$5.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.16M
Owner & transaction history
No Properties III LLC · 4 yrs held
No Properties III LLC
since 2021
Last sale
$5.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+25.8%
Auto repair, garage
$7.5M
+20.8%
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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
$4,895,000
ML approach
$5,045,000
CAP Approach
CAP Return
Estimation
6%
$5,450,000
6.5%
$5,030,000
7%
$4,675,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,215,000
Current use
RESTAURANT
$7,820,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,505,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$5,455,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.16M
Range $4.64M – $5.67M · ±10% · vs last sale $5.40M (Sep 23 2021)
Last sale anchor
$5.40M
Sep 23 2021
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
$139 / 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
$202,464
Tax year 2023
Assessed value
$6,941,500
Assessed 2023
Previous assessed
$6,070,500
+14.3% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,601,600
Assessed improvement
$5,339,900
Land market value
$1,601,600
Improvement market value
$5,339,900
Total market value
$6,941,500
Applied tax rate
622.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1978
Heating
STEAM
Buildings
3
Total area
37,037 SF
Lot
2.45 ac (106,766 SF)
APN
02-29-22-21-0035
UPID
US46-2943552
Jurisdiction
RAMSEY
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.2M
RESTAURANT
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1978
Heating
STEAM
Buildings
3
Lot
2.45 ac
Current owner
From public records · entity-resolved
No Properties III LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2114 ARKWRIGHT ST, MAPLEWOOD, MN 55117-2067
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$5,400,000
No Properties III LLC
Rpslogacy Maplewood LLC
Limited Warranty Deed
—
May 10, 2018
$2,450,000
Rpslegacy711 Land Holdings LLC
Voranmaplewood LLC
Grant Deed
related
—
Oct 10, 2012
$620,000
Maplewood Square Rjs Trust
Schreier,richard J & Patricia A
Warranty Deed
—
Oct 10, 2012
$500
Maplewood Square Assocs LLC
Maplewood Sq Rjs Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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