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Property profile & analytics
FOR LEASE
Medical Office Space
396 Schilling Dr, Dundas, MN 55019
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-1441079
For Lease
1 / 11
$7 SF/Yr
396 Schilling Dr, Dundas, MN 55019
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
7,744 SF
Lot
1.33 ac (57,935 SF)
APN
17.14.2.26.007
UPID
US46-1441079
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
-
Crossfit 507 Gym & Fitness Center
-
Natreum Milltown Cannabis Wellness (Bike/Boat/Book/etc) Store
-
Dundas Shopping Center Shopping Center & Mall
-
Inject N Clean (Bike/Boat/Book/etc) Store Pet Store & Service
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$510k
Owner & transaction history
Property Alpha LLC · 7 yrs held
Property Alpha LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+22.8%
Auto repair, garage
$725,000
+5.2%
Warehouse, storage
$695,000
+1.2%
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 Dundas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dundas 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$690,000
Current use
RETAIL STORES
$845,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$725,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$695,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$66 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,346
Tax year 2024
Assessed value
$1,243,000
Assessed 2024
Previous assessed
$1,243,000
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$199,800
Assessed improvement
$1,043,200
Land market value
$199,800
Improvement market value
$1,043,200
Total market value
$1,243,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2001
Heating
NONE
Buildings
2
Stories
1
Total area
7,744 SF
Lot
1.33 ac (57,935 SF)
APN
17.14.2.26.007
UPID
US46-1441079
Jurisdiction
RICE
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
MEDICAL BUILDING Current
Est. value
$690,000
RETAIL STORES
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$695,000
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2001
Heating
NONE
Stories
1
Buildings
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Property Alpha LLC
Entity
Mailing address
4624 FAIRWAY HLS DR, EAGAN, MN 55123-2150
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Apr 29, 2024
—
Property Alpha LLC
—
Deed
related
$1,050,000 · 21st Century Bank
Dec 5, 2022
—
Property Alpha LLC
—
Deed
related
$95,000 · Lakeview Bank
Nov 29, 2018
$1,410,000
Property Alpha LLC
Yellowhammer 396 LLC
Warranty Deed
$1,057,500 · Lakeview Bk
Sep 30, 2014
$640,000
Yellowhammer 396 LLC
Bank Mutual
Grant Deed
$448,000 · First Nat'l Bk/northfield
Mar 28, 2012
$975,000
Bank Mutual
Deputy Sheriff Of Rice County
Trustees Deed
related
—
Dec 1, 2008
—
Jlg Properties LLC
—
Trustees Deed
related
$225,000 · First National Bank
Jul 17, 2008
—
Drw Ents LLC
—
Trustees Deed
related
$273,500 · Eagle Valley Bank NA
—
—
Yellowhammer 396 LLC
—
Loan Modification
related
$437,068 · First Nat'l Bk/northfield
—
—
Drw Ents LLC
—
Deed Of Trust
related
$842,500 · Eagle Valley Bank NA
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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