New search
Property profile & analytics
OFF-MARKET
Office Spaces
355 Commerce Ct, Vadnais Heights, MN 55127-8506
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0351115
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2004
Construction
WOOD FRAME
Total area
1,440 SF
Lot
0.05 ac (2,178 SF)
APN
20-30-22-23-0058
UPID
US46-0351115
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
by Request
Owner & transaction history
355 Acq LLC · 2 yrs held
355 Acq LLC
since 2024
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 Vadnais Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vadnais Heights 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,736
Tax year 2023
Assessed value
$186,600
Assessed 2023
Previous assessed
$177,600
+5.1% YoY
Effective rate
2.00%
On assessed value
Assessed land
$75,000
Assessed improvement
$111,600
Land market value
$75,000
Improvement market value
$111,600
Total market value
$186,600
Applied tax rate
621.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2004
Construction
WOOD FRAME
Heating
STEAM
Buildings
2
Total area
1,440 SF
Lot
0.05 ac (2,178 SF)
APN
20-30-22-23-0058
UPID
US46-0351115
Jurisdiction
RAMSEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
WOOD FRAME
Heating
STEAM
Buildings
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
355 Acq LLC
Entity
Free & Clear · 2 yrs held
Mailing address
355 COMMERCE CT, VADNAIS HEIGHTS, MN 55127-8506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
$210,000
355 Acq LLC
Neal J Lawson
Warranty Deed
—
Aug 31, 2020
$310,000
Prelude Equities LLC
Mesa Investments LLC
Warranty Deed
$248,000 · Premier Bk
Jul 9, 2020
$445,000
Prelude Holdings LLC
Peter B Hogerton
Warranty Deed
related
—
Mar 18, 2020
$500
Randall Carey
Randall Carey
Quit Claim Deed
related
—
Apr 29, 2019
$186,000
Randall Carey
Emmaus Companies INC
Warranty Deed
$138,400 · Bloomsdale
Jan 16, 2018
—
Emmaus Companies INC
—
Trustees Deed
related
$75,000 · Other Institutional Lenders
Jan 28, 2015
$157,500
Emmaus Companies INC
Tramm,marlyn R & Donna M
Warranty Deed
—
Jan 28, 2015
—
Emmaus Companies INC
Tramm Companies LLC
Quit Claim Deed
related
—
Jan 22, 2013
$157,500
Emmaus Companies INC
Tramm,marlyn R & Donna M
Dual Purpose Document
$145,500 · Marlyn R & Donna M Tramm
Oct 1, 2010
$55,000
Marlyn R Tramm
Associated Bk NA
Grant Deed
—
May 28, 2009
$1,320,809
Associated Bank NA
Sheriff Of Ramsey County
Trustees Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 355 Commerce Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
