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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Gas stations
3955 Hwy 61st N, White Bear Lake, MN 55110-4633
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0945842
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1980
Total area
8,000 SF
Lot
1.37 ac (59,808 SF)
Zoning code
M
APN
27-30-22-14-0016
UPID
US46-0945842
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
$630k
Blend (final)
Blend
$705k
Owner & transaction history
Fred Jrs Properties LLC · 5 yrs held
Fred Jrs Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
M · White Bear Lake, MN
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 White Bear Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Bear Lake 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
SERVICE STATION (FULL SERVICE)
$1,075,000
Current use
OFFICE BUILDING
$935,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$920,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$88 / 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
$34,298
Tax year 2023
Assessed value
$1,329,100
Assessed 2023
Previous assessed
$1,107,600
+20.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$418,700
Assessed improvement
$910,400
Land market value
$418,700
Improvement market value
$910,400
Total market value
$1,329,100
Applied tax rate
624.0000
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
1980
Heating
STEAM
Buildings
4
Units
6
Total area
8,000 SF
Lot
1.37 ac (59,808 SF)
Zoning code
M
APN
27-30-22-14-0016
UPID
US46-0945842
Jurisdiction
RAMSEY
Zoning & alternative use
M · White Bear Lake, MN
Zoning M · permitted uses
M · White Bear Lake, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Bear Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$935,000
WAREHOUSE, STORAGE
Est. value
$920,000
SERVICE STATION (FULL SERVICE) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1980
Heating
STEAM
Buildings
4
Units
6
Lot
1.37 ac
Current owner
From public records · entity-resolved
Fred Jrs Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8172 N SHR TRL N, FOREST LAKE, MN 55025-8339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 21, 2020
$500
Fred Jrs Properties LLC
Fred J Macalus JR.
Quit Claim Deed
related
—
Oct 21, 2020
—
Fred Jrs Properties LLC
—
Deed
related
$1,127,000 · Community Resource Bk
Oct 22, 2018
—
Fred J Macalus JR.
—
Deed
related
$802,980 · Community Resource Bk
Oct 2, 2013
$1,241,515
Fred J Macalus JR
Fred J Macalus SR.
Warranty Deed
related
$964,000 · Community Resource Bank
May 26, 1998
—
Mary E Macalus
Fred's Tire Co INC
Quit Claim Deed
related
—
—
—
Macalus,mary E & Fred J SR
—
Loan Modification
related
$873,212 · Community Resource Bk
—
—
Fred J Macalus JR.
—
Loan Modification
related
$802,980 · Community Resource Bk
—
—
Fred Jrs Properties LLC
—
Loan Modification
related
$1,127,000 · Community Resource Bk
—
—
Macalus,fred J SR & Mary E
—
Loan Modification
related
$395,212 · Community Resource 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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