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Property profile & analytics
OFF-MARKET
Industrial properties
3160 162nd NW Ln, Andover, MN 55304-2411
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-0191947
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2011
Construction
WOOD FRAME
Total area
2,000 SF
Lot
1.06 ac (46,174 SF)
APN
16-32-24-23-0005
UPID
US46-0191947
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ranco LLC · 5 yrs held
Ranco LLC
since 2020
Last sale
$415,000
7 recorded transactions
Zoning & alternative use
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 Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Andover 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,451
Tax year 2024
Assessed value
$347,400
Assessed 2024
Previous assessed
$347,400
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$109,900
Assessed improvement
$237,500
Land market value
$109,900
Improvement market value
$237,500
Total market value
$347,400
Applied tax rate
1.0000
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
2011
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Total area
2,000 SF
Lot
1.06 ac (46,174 SF)
APN
16-32-24-23-0005
UPID
US46-0191947
Jurisdiction
ANOKA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2011
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Ranco LLC
Entity
Free & Clear · 5 yrs held
Mailing address
14220 ROSE ST NW, ANDOVER, MN 55304-3267
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
$415,000
Ranco LLC
Elite Contractors INC
Warranty Deed
—
Apr 8, 2019
—
Elite Contractors INC
—
Deed
related
$60,000 · Village Bk
Mar 22, 2018
—
Elite Contractors INC
—
Deed
related
$55,000 · Village Bank
Jun 7, 2017
—
Elite Contractors INC
—
Trustees Deed
related
$45,000 · Midwestone Bk
Feb 7, 2017
—
Elite Contractors INC
—
Deed
related
—
Mar 7, 2012
—
Debra L Kordus
Hughs,wallace C
Affidavit Of Death
related
—
Mar 18, 2011
$35,000
Elite Contractors INC
Federal Deposit Ins Corp
Warranty Deed
—
Jul 10, 2008
$128,369
Community National Bank
Deputy Sheriff Of Anoka County
Trustees Deed
related
—
Sep 1, 2005
$150,000
Jamax INC
Lindquist,rick D & Linda J
Grant Deed
—
—
—
Elite Contractors INC
—
Loan Modification
related
$60,000 · Village Bk
—
—
Elite Contractors INC
—
Deed Of Trust
related
$90,000 · Central Bk
—
—
Elite Contractors INC
—
Loan Modification
related
—
—
—
Elite Contractors INC
—
Deed Of Trust
related
$40,000 · Village Bk
—
—
Elite Contractors INC
—
Deed Of Trust
related
$55,000 · Village 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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