Property profile

3820 Hoffman Rd White Bear Lake, MN 55110

OFF-MARKET
Apartment buildings
Property ID
US46-1947246
211,420 SF 5.22 ac lot Built 2015
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 2015
Total area 211,420 SF
Lot 5.22 ac (227,296 SF)
APN 27-30-22-41-0137
UPID US46-1947246

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Retirement Community

Location

3820 Hoffman Rd White Bear Lake, MN 55110-5001
White Bear Lake metro Census 40401 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$21.47M
Blend (final) Blend
$15.58M

Owner & transaction history

since 2025
Last sale
$18.1M
4 recorded transactions
2025
$18.1M
2019
Price N/A
2019
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $24.7M +26.9%
Warehouse, storage $24.4M +25.3%
Retail stores $21.6M +11.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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