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Property profile & analytics
OFF-MARKET
Warehouses
40 Excelsior S Ave, Annandale, MN 55302-9601
Entity Owned
8-yr Hold
Free & Clear
Property ID
US46-3083254
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
WOOD
Total area
2,240 SF
Lot
0.26 ac (11,108 SF)
APN
102-500-302438
UPID
US46-3083254
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
-
ThinkUp Technologies (Site Armor, Inc.) (Bike/Boat/Book/etc) Store Corporate Office
-
Contractors Cloud (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sa Holdings LLC · 8 yrs held
Sa Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
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 Annandale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Annandale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,634
Tax year 2022
Assessed value
$273,600
Assessed 2023
Previous assessed
$273,600
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$46,600
Assessed improvement
$227,000
Land market value
$46,600
Improvement market value
$227,000
Total market value
$273,600
Applied tax rate
201.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Total area
2,240 SF
Lot
0.26 ac (11,108 SF)
APN
102-500-302438
UPID
US46-3083254
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
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Sa Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
40 EXCELSIOR AVE S, ANNANDALE, MN 55302-9601
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
Feb 1, 2018
$229,900
Sa Holdings LLC
Randall J Mattson
Warranty Deed
—
Sep 4, 2015
$229,900
Sa Holdings LLC
Mattson,randall J & Rosalie A
Dual Purpose Document
related
$204,900 · Randall J & Rosalie A Mattson
Apr 29, 2013
$170,000
Randall J Mattson
Boltz Builders INC
Warranty Deed
—
Dec 26, 2008
$500
Ib Property Holdings LLC
Osman,phillip & Robin
Quit Claim Deed
related
—
Dec 26, 2008
$75,000
Boltz Builders INC
Ib Property Holdings LLC
Grant Deed
$52,500 · Bank West
Dec 7, 2007
$81,600
Bayview Loan Servicing LLC
Sheriff Of Wright County
Trustees Deed
related
—
—
—
Randall J Mattson
—
Deed Of Trust
related
$420,000 · Annandale St Bk
—
—
Phillip Osman
—
Deed Of Trust
related
$98,000 · Interbay Funding LLC
—
—
Boltz Builders INC
—
Deed Of Trust
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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