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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Apartment buildings
3841 Hamilton St Burnsville, MN 55337-1782
Entity Owned
5-yr Hold
Property ID
US46-3213806
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD FRAME
Total area
25,376 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R
APN
02-67800-02-011
UPID
US46-3213806
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
$2.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Olson Capital Mgt LLC · 5 yrs held
Olson Capital Mgt LLC
since 2021
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+100.1%
Warehouse, storage
$3.9M
+78.6%
Retail stores
$3.6M
+67.1%
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 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
$2,605,000
ML approach
$2,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,165,000
Current use
AUTO REPAIR, GARAGE
$4,330,000
Change: +100% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,865,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$3,615,000
Change: +67% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,940,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$2,905,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.69M (Jan 12 2021)
Last sale anchor
$2.69M
Jan 12 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
$104 / 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
$34,194
Tax year 2023
Assessed value
$2,658,200
Assessed 2022
Previous assessed
$2,264,300
+17.4% YoY
Effective rate
1.29%
On assessed value
Assessed land
$319,400
Assessed improvement
$2,338,800
Land market value
$319,400
Improvement market value
$2,338,800
Total market value
$2,658,200
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
WOOD FRAME
Heating
NONE
Units
24
Bathrooms
24
Total area
25,376 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R
APN
02-67800-02-011
UPID
US46-3213806
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$3.9M
RETAIL STORES
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) 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
1964
Construction
WOOD FRAME
Heating
NONE
Units
24
Bathrooms
24
Lot
1.13 ac
Current owner
From public records · entity-resolved
Olson Capital Mgt LLC
Entity
Mailing address
3325 CRYSTAL BAY RD, WAYZATA, MN 55391-9205
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
$2,688,000
Olson Capital Mgt LLC
Hamilton Apartments LLC
Warranty Deed
$1,995,000 · Choice Financial Group
Mar 1, 2006
—
Wild Blue Ents LLC
—
Trustees Deed
related
$80,000 · Anchor Bank West St Paul NA
Jul 13, 2005
—
Wild Blue Ents LLC
—
Trustees Deed
related
$100,000 · Anchor Bank West St Paul NA
Jun 22, 2004
$1,455,000
Wild Blue Ents LLC
Saunders,curtis & Christine
Warranty Deed
$1,091,250 · Anchor Bank West St Paul NA
—
—
Wild Blue Ents LLC
—
Deed Of Trust
related
—
—
—
Wild Blue Ents LLC
—
Deed Of Trust
related
—
—
—
Wild Blue Ents LLC
—
Deed Of Trust
related
—
—
—
Wild Blue Ents LLC
—
Deed Of Trust
related
—
—
—
Wild Blue Ents LLC
—
Deed Of Trust
related
—
—
—
Wild Blue Ents LLC
—
Deed Of Trust
related
$1,400,000 · World Savings
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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