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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
3351 Round Lk NW Blvd, Anoka, MN 55303-5018
Entity Owned
8-yr Hold
Free & Clear
Property ID
US46-0709527
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD FRAME
Total area
8,354 SF
Lot
1 ac (43,560 SF)
Zoning code
B-1
APN
32-32-24-31-0126
UPID
US46-0709527
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
Current use
Occupant on record · Public records
-
Brad Zinken Real Estate Agency
-
RE/MAX : Chad Lashinski Real Estate Agency
-
Anderson Dennis Real Estate Agency
-
Insurance Brokers of MN Insurance Agency
-
Re/Max Results: Michelle Brown Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$630k
Owner & transaction history
Sorenson Properties 1 LLC · 8 yrs held
Sorenson Properties 1 LLC
since 2018
3 recorded transactions
Zoning & alternative use
B-1 · Anoka, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$830,000
+34.2%
Restaurant
$800,000
+29.1%
Auto repair, garage
$755,000
+22.2%
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 Anoka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anoka 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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$620,000
Current use
RETAIL STORES
$830,000
Change: +34% · Conversion: Moderate
RESTAURANT
$800,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$755,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$650,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$575,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$75 / 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
$26,732
Tax year 2024
Assessed value
$1,073,100
Assessed 2024
Previous assessed
$1,073,100
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$460,100
Assessed improvement
$613,000
Land market value
$460,100
Improvement market value
$613,000
Total market value
$1,073,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
8,354 SF
Lot
1 ac (43,560 SF)
Zoning code
B-1
APN
32-32-24-31-0126
UPID
US46-0709527
Jurisdiction
ANOKA
Zoning & alternative use
B-1 · Anoka, MN
Zoning B-1 · permitted uses
B-1 · Anoka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anoka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$620,000
RETAIL STORES
Est. value
$830,000
RESTAURANT
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$575,000
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1994
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Sorenson Properties 1 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3351 ROUND LK BLVD NW, ANOKA, MN 55303-5018
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2018
$730,000
Sorenson Properties 1 LLC
11993 Investment Group LLP
Warranty Deed
—
—
—
11993 Investment Group LLP
—
Deed Of Trust
related
$80,000 · Central Bank & Trust
—
—
11993 Investment Group LLP
—
Deed Of Trust
related
$200,000 · Central Bank & Trust
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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