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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Warehouses
3080 Centerville Rd, Little Canada, MN 55117-1105
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-3195344
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
36,907 SF
Lot
2.65 ac (115,303 SF)
Zoning code
I
APN
05-29-22-22-0007
UPID
US46-3195344
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
$3.60M
Blend (final)
Blend
$3.31M
Owner & transaction history
Murray Properties 3080 LLC · 7 yrs held
Murray Properties 3080 LLC
since 2019
7 recorded transactions
Zoning & alternative use
I · Little Canada, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.4M
+27.9%
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 Little Canada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Canada 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
WAREHOUSE, STORAGE
$4,250,000
Current use
MEDICAL BUILDING
$5,440,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$4,040,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$3,775,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±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
$90 / 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
$76,138
Tax year 2023
Assessed value
$3,738,500
Assessed 2023
Previous assessed
$2,435,500
+53.5% YoY
Effective rate
2.04%
On assessed value
Assessed land
$461,300
Assessed improvement
$3,277,200
Land market value
$461,300
Improvement market value
$3,277,200
Total market value
$3,738,500
Applied tax rate
623.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
STEAM
Buildings
3
Total area
36,907 SF
Lot
2.65 ac (115,303 SF)
Zoning code
I
APN
05-29-22-22-0007
UPID
US46-3195344
Jurisdiction
RAMSEY
Zoning & alternative use
I · Little Canada, MN
Zoning I · permitted uses
I · Little Canada, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Little Canada. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1988
Heating
STEAM
Buildings
3
Lot
2.65 ac
Current owner
From public records · entity-resolved
Murray Properties 3080 LLC
Entity
Mailing address
6 LONG LK RD, MAHTOMEDI, MN 55115-6824
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2020
—
Murray Properties 3080 LLC
—
Deed
related
$250,000 · Farmers & Merchants Svgs Bk
Apr 1, 2019
$2,000,000
Murray Properties 3080 LLC
3080 Centerville Road LLC
Warranty Deed
related
$1,600,000 · Farmers & Merchants Svgs Bk
Nov 30, 2009
—
3080 Centerville Road LLC
—
Grant Deed
related
$2,000,000 · Alliance Bank
Jun 14, 2006
$2,000,000
3080 Centerville Road LLC
Town Center Partners II
Warranty Deed
—
Aug 13, 1999
$1,600,000
Town Center Partners II
Amerus Properties INC
Trustees Deed
$1,050,000 · Amerus Life Insurance Co
Aug 13, 1999
—
Amerus Properties INC
Central Life Assurance Co
Trustees Deed
related
—
—
—
3080 Centerville Road LLC
—
Loan Modification
related
—
—
—
3080 Centerville Road LLC
—
Deed Of Trust
related
$1,000,000 · Alliance Bank
—
—
Columbia Heights I LLC
—
Deed Of Trust
related
$3,995,000 · Platinum Bk
—
—
Columbia Heights I LLC
—
Deed Of Trust
related
$1,805,000 · Platinum Bk
—
—
Murray Properties 3080 LLC
—
Deed Of Trust
related
$250,000 · Farmers & Merchants Svgs Bk
—
—
3080 Centerville Road LLC
—
Deed Of Trust
related
$2,000,000 · Alliance Bank
—
—
3080 Centerville Road LLC
—
Deed Of Trust
related
$1,000,000 · Alliance 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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