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Property profile & analytics
OFF-MARKET
Estimated value
$18,460,000
Manufacturing properties
3350 4th E Ave, Shakopee, MN 55379-1748
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0620783
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Total area
231,842 SF
Lot
21.61 ac (941,332 SF)
APN
27-298002-1
UPID
US46-0620783
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
$18.61M
Blend (final)
Blend
$18.46M
Owner & transaction history
Mnjv Valley III LLC · 3 yrs held
Mnjv Valley III LLC
since 2023
Last sale
$18.9M
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 Shakopee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shakopee 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
$17,435,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$21,640,000
Current use
Blend value · Realmo final
$18.46M
Range $16.61M – $20.31M · ±10% · vs last sale $18.90M (Feb 10 2023)
Last sale anchor
$18.90M
Feb 10 2023
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
$80 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$586,762
Tax year 2024
Assessed value
$24,615,500
Assessed 2024
Previous assessed
$21,404,800
+15.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$5,858,400
Assessed improvement
$18,757,100
Land market value
$5,858,400
Improvement market value
$18,757,100
Total market value
$24,615,500
Applied tax rate
2,204.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2000
Heating
SPACE
Bathrooms
4
Total area
231,842 SF
Lot
21.61 ac (941,332 SF)
APN
27-298002-1
UPID
US46-0620783
Jurisdiction
SCOTT
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
$21.6M
INDUSTRIAL (GENERAL) Current
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
2000
Heating
SPACE
Bathrooms
4
Lot
21.61 ac
Current owner
From public records · entity-resolved
Mnjv Valley III LLC
Entity
Mailing address
5050 LINCOLN DR STE #420, MINNEAPOLIS, MN 55436-1168
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
$18,900,000
Mnjv Valley III LLC
Np Eagle Creek Industrial LLC
Limited Warranty Deed
$158,285,000 · Truist Bank
Nov 26, 2019
$16,400,000
Np Eagle Creek Industrial LLC
I LP
Grant Deed
—
Aug 18, 2014
—
I & G Direct Real Estate 33e LP
—
Grant Deed
related
$8,323,000 · Ing USA Annunity & Life Ins Co
Jan 30, 2014
$14,250,000
I LP
Trt-dct Minnesota Valley III L
Grant Deed
—
Jan 4, 2007
$445,415
Dcx Monical Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Jan 4, 2007
$1,459,121
Dcx Rubis Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 28, 2006
$984,248
Dcx Hess Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 28, 2006
$2,217,842
Dcx Shutz Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 28, 2006
$300,000
Dcx Archer Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 28, 2006
$718,581
Dcx Lomeli Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 21, 2006
$1,427,206
Dcx Damm Bb Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 21, 2006
$1,377,863
Dcx Damm Pd Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 21, 2006
$693,527
Dcx Shedoudy Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 8, 2006
$762,124
Callender Valley Dcx Dc III
Minnesota Valley III Leasing L
Grant Deed
—
Dec 8, 2006
—
Valley L Minnesota III
Trt Minnesota Valley III LLC
Quit Claim Deed
related
—
Dec 8, 2006
$538,296
Dcx Good Rg Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 8, 2006
$418,275
Dcx Plaka Mn Valley III LLC
Minnesota Valley III Leasing L
Grant Deed
—
Dec 8, 2006
$336,848
Brady Mb Mn Valley Dcx III
Minnesota Valley III Leasing L
Grant Deed
—
Dec 8, 2006
$1,551,703
Plaka Minnesota Valley Dcx III
Minnesota Valley III Leasing L
Grant Deed
related
—
Dec 8, 2006
$416,796
Waters Minnesota Valley Dcx II
Minnesota Valley III Leasing L
Grant Deed
related
—
Dec 8, 2006
$313,175
Mukai Minnesota Valley Dcx III
Minnesota Valley III Leasing L
Grant Deed
related
—
Nov 2, 2006
$13,811,500
Trt Minnesota Valley III LLC
Dct Mn Valley LLC
Grant Deed
—
Jun 15, 2006
$13,480,000
Dct Mn Valley LLC
Lake Valley LLC
Grant Deed
—
Feb 8, 2006
—
Lake Valley LLC
Omaha Real Estate Inv Ptshp
Grant Deed
related
—
—
—
I LP
—
Deed Of Trust
related
$8,323,000 · Ing USA Annunity & Life Ins Co
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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