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Property profile & analytics
OFF-MARKET
Strip malls
400 5th W St, Northfield, MN 55057-1747
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-1331840
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
5,474 SF
Lot
0.8 ac (34,848 SF)
APN
22.01.1.02.002
UPID
US46-1331840
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tundra Real Estate LLC · 7 yrs held
Tundra Real Estate 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 Northfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northfield 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 2024Property tax & assessments
Tax year 2024
Tax billed
$25,130
Tax year 2024
Assessed value
$795,600
Assessed 2024
Previous assessed
$795,600
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$314,800
Assessed improvement
$480,800
Land market value
$314,800
Improvement market value
$480,800
Total market value
$795,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Total area
5,474 SF
Lot
0.8 ac (34,848 SF)
APN
22.01.1.02.002
UPID
US46-1331840
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
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Tundra Real Estate LLC
Entity
Mailing address
7525 MITCHELL RD STE #201, EDEN PRAIRIE, MN 55344-1957
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2020
—
Tundra Real Estate LLC
—
Deed
related
—
Nov 16, 2018
$1,100,000
Tundra Real Estate LLC
Solsun Real Estate LLC
Warranty Deed
$880,000 · Riverland Bk
Feb 12, 2018
—
Solsun Real Estate LLC
—
Deed
related
$522,375 · Frandsen Bk&tr
Aug 31, 2004
$500
Solsun Reale Estate LLC
Solyntjes,ronald
Quit Claim Deed
related
—
Aug 31, 2004
$752,500
Ronald Solyntjes
Westside Plaza LLC
Warranty Deed
related
$525,000 · Community National Bank
—
—
Solsun Real Estate LLC
—
Deed Of Trust
related
$712,500 · Bell State Bank & Trust
—
—
Solsun Real Estate LLC
—
Loan Modification
related
$744,944 · Citizens Independent Bank
—
—
Solsun Real Estate LLC
—
Deed Of Trust
related
$800,000 · Citizens Independent Bank
—
—
Solsun Real Estate LLC
—
Deed Of Trust
related
$20,000 · Community National Bank
—
—
Solsun Real Estate LLC
—
Deed Of Trust
related
$522,375 · Frandsen Bk&tr
—
—
Tundra Real Estate LLC
—
Loan Modification
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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