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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Strip malls
3507 Round Lk NW Blvd, Anoka, MN 55303-5001
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0435050
Property summary
AI-generated overview
Meadow Creek Plaza, located at 3507 Round Lake Blvd NW, Anoka, MN 55303, offers a prime retail opportunity. This established plaza comprises three buildings totaling 32,000 square feet, situated at the intersection of Round Lake Boulevard and Bunker Lake Boulevard, providing excellent visibility and accessibility. The property, with APN numbers 32-32-24-31-0134
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,040 SF
Lot
1.33 ac (57,935 SF)
Zoning code
B-2
APN
32-32-24-31-0135
UPID
US46-0435050
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
-
Woodlake Orthodontics - Anoka Dental Office
-
Sean O'Dell, DDS, MS Dental Office
-
ATM Machine at Que Nails and Tanning Atm
-
America's Best Hearing Hearing Aid Store
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$605k
Owner & transaction history
Meadow Creek Developers LLC · 8 yrs held
Meadow Creek Developers LLC
since 2017
6 recorded transactions
Zoning & alternative use
B-2 · Anoka, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$645,000
+3.4%
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
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Current use
INDUSTRIAL (GENERAL)
$645,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$40 / 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
$82,165
Tax year 2024
Assessed value
$3,097,800
Assessed 2024
Previous assessed
$3,097,800
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$691,300
Assessed improvement
$2,406,500
Land market value
$691,300
Improvement market value
$2,406,500
Total market value
$3,097,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
EVAPORATIVE
Stories
1
Total area
15,040 SF
Lot
1.33 ac (57,935 SF)
Zoning code
B-2
APN
32-32-24-31-0135
UPID
US46-0435050
Jurisdiction
ANOKA
Zoning & alternative use
B-2 · Anoka, MN
Zoning B-2 · permitted uses
B-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$625,000
INDUSTRIAL (GENERAL)
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Meadow Creek Developers LLC
Entity
Mailing address
2655 CHESHIRE LN N STE #100, MINNEAPOLIS, MN 55447-4941
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2017
—
Meadow Creek Developers LLC
—
Loan Modification
related
$1,200,000 · Bridgewater Bk
Sep 14, 2016
—
Meadow Creek Plaza LLC
—
Deed
related
$4,700,000 · Midcountry Bk
May 29, 2009
—
Meadow Creek Plaza LLC
—
Deed Of Trust
related
$5,783,992 · M & I Marshall & Isley Bank
—
—
Meadow Creek Plaza LLC
—
Deed Of Trust
related
$5,000,000 · Midcountry Bk Fsb
—
—
Meadow Creek Plaza LLC
—
Deed Of Trust
related
$286,000 · Midcountry Bank
—
—
Meadow Creek Plaza LLC
—
Loan Modification
related
$4,700,000 · Midcountry 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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