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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Showrooms
3401 Hwy 13th W, Burnsville, MN 55337-1785
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-0380655
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1997
Construction
CONCRETE
Total area
10,080 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R
APN
02-20500-01-030
UPID
US46-0380655
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
-
Farrell Equipment & Supply - Burnsville Building Supply Industrial Manufacturer
-
Petey’s BBQ Restaurant
-
LibertyX Bitcoin ATM Atm
-
J R's Family Reunion Bar Bar & Pub
-
Juicy Lucy's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.17M
Owner & transaction history
3 Brothers LLC · 3 yrs held
3 Brothers LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+86.3%
Warehouse, storage
$1.5M
+66.2%
Retail stores
$1.4M
+55.5%
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
$1,100,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$925,000
Current use
AUTO REPAIR, GARAGE
$1,720,000
Change: +86% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,535,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,435,000
Change: +56% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,165,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$1,155,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10% · vs last sale $1.25M (Oct 28 2022)
Last sale anchor
$1.25M
Oct 28 2022
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
$116 / 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
$35,360
Tax year 2023
Assessed value
$1,265,600
Assessed 2022
Previous assessed
$1,265,600
+0.0% YoY
Effective rate
2.79%
On assessed value
Assessed land
$311,400
Assessed improvement
$954,200
Land market value
$311,400
Improvement market value
$954,200
Total market value
$1,265,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
10,080 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R
APN
02-20500-01-030
UPID
US46-0380655
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1997
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
1.13 ac
Current owner
From public records · entity-resolved
3 Brothers LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1510 N HASTINGS WAY, EAU CLAIRE, WI 54703-1866
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
—
Diffley 13 LLC
—
Deed
related
$100,000 · Entrebank
Mar 8, 2023
$1,260,000
3 Brothers LLC
Joyce R Berendt
Deed
—
Oct 28, 2022
$1,246,000
Saxe Burnsville LLC
Tdk Real Estate LLC
Warranty Deed
$996,800 · Citizens Community Federal
Feb 23, 2022
—
3 Brothers LLC
Joyce R Berendt
Deed
related
$958,955 · Not Available
Apr 21, 2021
—
3 Brothers LLC
Bona Ku
Deed
—
Nov 18, 2019
$638,082
Tdk Real Estate LLC
Tdk Ptshp
Warranty Deed
—
May 26, 2017
—
Berendt,joyce R Trust
Berendt,joyce R
Quitclaim Deed
related
—
May 19, 2017
$1,260,000
Bona Ku
Berendt,joyce R
Deed
related
$1,080,000 · Joyce R Berendt
Jan 11, 2011
$790,000
Coborn Investments INC
Tdk Ptshp
Warranty Deed
$592,500 · American Nat'l Bank Minnesota
—
—
Coborn Investments INC
—
Loan Modification
related
—
—
—
Tdk Ptshp
—
Deed Of Trust
related
$334,000 · Southeastern Minnesota 504 Dev
—
—
Tdk Ptshp
—
Deed Of Trust
related
$300,000 · Bremer Bank NA
—
—
Tdk Ptshp
—
Deed Of Trust
related
$300,000 · Bremer Bank NA
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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