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Property profile & analytics
OFF-MARKET
Estimated value
$8,975,000
Distribution centers
3250 County Rd 42nd W Burnsville, MN 55337
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US46-0230446
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Construction
CONCRETE
Total area
96,836 SF
Lot
7.4 ac (322,344 SF)
APN
02-77285-01-030
UPID
US46-0230446
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
$8.98M
Owner & transaction history
Metro Center LLC · 11 yrs held
Metro Center LLC
since 2015
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 Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville 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
$14,750,000
Current use
RETAIL STORES
$13,800,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$8.98M
Range $8.08M – $9.87M · ±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
$93 / 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
$194,822
Tax year 2023
Assessed value
$6,717,000
Assessed 2022
Previous assessed
$6,354,000
+5.7% YoY
Effective rate
2.90%
On assessed value
Assessed land
$2,032,000
Assessed improvement
$4,685,000
Land market value
$2,032,000
Improvement market value
$4,685,000
Total market value
$6,717,000
Applied tax rate
2.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Bathrooms
12
Total area
96,836 SF
Lot
7.4 ac (322,344 SF)
APN
02-77285-01-030
UPID
US46-0230446
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
WAREHOUSE, STORAGE Current
Est. value
$14.8M
RETAIL STORES
Est. value
$13.8M
WAREHOUSE, STORAGE Current
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
1995
Construction
CONCRETE
Heating
NONE
Bathrooms
12
Lot
7.4 ac
Current owner
From public records · entity-resolved
Metro Center LLC
Entity
Mailing address
PO BOX 240548, APPLE VALLEY, MN 55124-0548
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2020
—
Metro Center LLC
—
Deed
related
$481,249 · Think Mutual Bk
Feb 24, 2017
—
Metro Center LLC
—
Deed
related
$540,000 · Think Mutual Bank
Mar 20, 2015
$5,100,000
Metro Center LLC
Bp Holdings III LLC
Warranty Deed
$650,000 · Think Mutual Bank
Nov 19, 2009
—
Bp Holdings III LLC
Bohn,karl D
Warranty Deed
related
—
Jul 24, 2009
$5,285,036
Karl Bohn
Bohn Properties LP II
Warranty Deed
related
$4,180,000 · Bremer Bank NA
Jul 24, 2009
—
Karl Bohn
—
Deed Of Trust
related
$9,750,000 · Bremer Bank NA
—
—
Metro Center LLC
—
Loan Modification
related
$481,249 · Think Mutual Bk
—
—
Bp Holdings III LLC
—
Deed Of Trust
related
$2,402,500 · Bremer Bank NA
—
—
Bp Holdings III LLC
—
Loan Modification
related
$3,652,717 · Bremer Bk
—
—
Bp Holdings III LLC
—
Loan Modification
related
$2,002,612 · Bremer 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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