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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Gas stations
3757 Lexington N Ave, Arden Hills, MN 55126-2937
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0606414
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1989
Total area
11,688 SF
Lot
1.25 ac (54,450 SF)
Zoning code
P
APN
27-30-23-41-0020
UPID
US46-0606414
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
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.36M
Owner & transaction history
Jd Lexington Avenue LLC · 4 yrs held
Jd Lexington Avenue LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
P · Arden Hills, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+57.4%
Auto repair, garage
$2.4M
+51.1%
Neighborhood: shopping center
$2.0M
+25.1%
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 Arden Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden Hills 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
$2,200,000
ML approach
$2,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$1,570,000
Current use
RESTAURANT
$2,465,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,370,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,960,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$1,720,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±10% · vs last sale $2.43M (Sep 21 2021)
Last sale anchor
$2.43M
Sep 21 2021
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
$201 / 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
$77,426
Tax year 2023
Assessed value
$2,973,700
Assessed 2023
Previous assessed
$2,594,300
+14.6% YoY
Effective rate
2.60%
On assessed value
Assessed land
$544,500
Assessed improvement
$2,429,200
Land market value
$544,500
Improvement market value
$2,429,200
Total market value
$2,973,700
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1989
Heating
STEAM
Buildings
3
Total area
11,688 SF
Lot
1.25 ac (54,450 SF)
Zoning code
P
APN
27-30-23-41-0020
UPID
US46-0606414
Jurisdiction
RAMSEY
Zoning & alternative use
P · Arden Hills, MN
Zoning P · permitted uses
P · Arden Hills, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
SERVICE STATION (FULL SERVICE) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1989
Heating
STEAM
Buildings
3
Lot
1.25 ac
Current owner
From public records · entity-resolved
Jd Lexington Avenue LLC
Entity
Mailing address
7100 WAYZATA BLVD #200, MINNEAPOLIS, MN 55426-1616
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
$2,425,000
Jd Lexington Avenue LLC
Arden Tire Mn LLC
Warranty Deed
$1,940,000 · Royal Cu
Nov 6, 2019
—
Arden Tire Mn LLC
—
Deed
related
$371,428 · Bethpage FCU
Oct 5, 2018
$2,300,000
Arden Tire Mn LLC
Vrm Properties LLC
Grant Deed
$1,560,000 · Midwestone Bk
Apr 19, 2018
—
Vrm Properties LLC
—
Deed
related
$1,500,000 · Midwestone Bk
Nov 21, 2017
—
Vrm Properties LLC
—
Deed
related
$250,000 · Todd Wilson
May 23, 2017
—
Vrm Properties LLC
—
Deed
related
$1,189,000 · Twin Cities-metro Certified De
Mar 10, 2017
—
Vrm Properties LLC
—
Deed
related
$305,000 · Private Individual
Oct 30, 2014
$1,500,000
Vrm Properties LLC
Soukup Lllp
Warranty Deed
$1,200,000 · Sunrise Bk
Jan 28, 2000
—
Soukop Lllp
Soukop,donald H & Judith S
Quit Claim Deed
related
—
—
—
Arden Tire Mn LLC
—
Loan Modification
related
$371,428 · Bethpage FCU
—
—
Vrm Properties LLC
—
Deed Of Trust
related
$305,000 · Private Individual
—
—
Vrm Properties LLC
—
Deed Of Trust
related
$1,189,000 · Twin Cities-metro Certified De
—
—
Vrm Properties LLC
—
Deed Of Trust
related
$250,000 · Todd Wilson
—
—
Vrm Properties LLC
—
Deed Of Trust
related
$1,500,000 · Midwestone 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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