Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,850,000
Showrooms
3939 Chelsea W Rd Monticello, MN 55362-3310
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-0048429
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2002
Total area
35,185 SF
Lot
10.68 ac (465,047 SF)
APN
155-184-001010
UPID
US46-0048429
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
-
Airstream of Minneapolis Service Center Auto Repair Shop
-
Airstream of Minneapolis Car Dealership
-
RVs with Ron Car Dealership
-
Cars By Ron Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.85M
Owner & transaction history
Cars Db4 LP · 1 yrs held
Cars Db4 LP
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+27.0%
Restaurant
$4.6M
+25.4%
Auto repair, garage
$4.1M
+12.3%
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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,670,000
Current use
OFFICE BUILDING
$4,660,000
Change: +27% · Conversion: Easy
RESTAURANT
$4,600,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,120,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$4,110,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±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
$109 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$79,746
Tax year 2022
Assessed value
$3,721,900
Assessed 2023
Previous assessed
$3,721,900
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$2,327,100
Assessed improvement
$1,394,800
Land market value
$2,327,100
Improvement market value
$1,394,800
Total market value
$3,721,900
Applied tax rate
1,101.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
4
Total area
35,185 SF
Lot
10.68 ac (465,047 SF)
APN
155-184-001010
UPID
US46-0048429
Jurisdiction
WRIGHT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$4.7M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2002
Heating
NONE
Buildings
4
Lot
10.68 ac
Current owner
From public records · entity-resolved
Cars Db4 LP
Entity
Free & Clear · 1 yrs held
Mailing address
8484 WESTPARK DR STE #200, MCLEAN, VA 22102-3588
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
—
Cars Db4 LP
Cars Db13 LLC
Deed
—
Jun 23, 2021
$48,000
Cars Db13 LLC
Lazydays Of Minneapolis LLC
Limited Warranty Deed
$200,000 · Credit Suisse Lending LLC
Apr 7, 2021
$4,600,000
Lazydays Of Minneapolis LLC
Quarry Community Church
Limited Warranty Deed
$540,000 · Envision Capital INC
Aug 18, 2017
$650,000
Quarry Community Church
Simonson Lumber Of Monticello INC
Warranty Deed
—
Jan 11, 2016
$2,610,000
Quarry Community Church
Venture Bk
Trustees Deed
$2,777,500 · Private Individual
Sep 2, 2015
—
Venture Bk
Michaelis John W Trust
Grant Deed
related
—
Apr 2, 2015
—
Venture Bk
Gould Bros Chevrolet LLP
Quit Claim Deed
related
—
Jan 4, 2008
$500
Gould Chevrolet LLP
Michaelis,john W & Linda
Quit Claim Deed
related
$5,800,000 · Venture Bank
—
—
Gould Chevrolet LLP
—
Deed Of Trust
related
$6,000,000 · Wells Fargo Bank
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 3939 Chelsea W Rd?
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.
