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Property profile & analytics
OFF-MARKET
Estimated value
$10,600,000
Office buildings
4000 Lexington N Ave, Shoreview, MN 55126-2917
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-2934008
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
113,327 SF
Lot
7.4 ac (322,170 SF)
APN
26-30-23-22-0010
UPID
US46-2934008
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
$10.60M
Owner & transaction history
Eleven Investments LLC · 7 yrs held
Eleven Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.7M
+34.6%
Warehouse, storage
$13.1M
+5.2%
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 Shoreview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shoreview 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
OFFICE BUILDING
$12,405,000
Current use
MEDICAL BUILDING
$16,695,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$13,055,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$11,585,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$10,420,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$10.60M
Range $9.54M – $11.66M · ±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
$94 / 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
$428,518
Tax year 2023
Assessed value
$13,600,000
Assessed 2023
Previous assessed
$13,546,300
+0.4% YoY
Effective rate
3.15%
On assessed value
Assessed land
$1,933,000
Assessed improvement
$11,667,000
Land market value
$1,933,000
Improvement market value
$11,667,000
Total market value
$13,600,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
YES
Buildings
3
Total area
113,327 SF
Lot
7.4 ac (322,170 SF)
APN
26-30-23-22-0010
UPID
US46-2934008
Jurisdiction
RAMSEY
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
OFFICE BUILDING Current
Est. value
$12.4M
MEDICAL BUILDING
Est. value
$16.7M
WAREHOUSE, STORAGE
Est. value
$13.1M
RETAIL STORES
Est. value
$11.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.4M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1986
Heating
YES
Buildings
3
Lot
7.4 ac
Current owner
From public records · entity-resolved
Eleven Investments LLC
Entity
Mailing address
4609 33RD AVE S STE #400, FARGO, ND 58104-1000
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2019
$13,800,000
Eleven Investments LLC
Shoppes At Osgood LLC
Warranty Deed
$9,600,000 · Bell Bk
Oct 3, 2017
—
Shoppes At Osgood LLC
—
Deed
related
$9,600,000 · Bell Bk
Sep 10, 2015
$21,000,000
Shoreview Ridge LLC
Jpmcc 2006-lpd7 Gramsie Road L
Trustees Deed
$18,075,000 · Bank Mutual
Oct 3, 2011
$500
Ari-scc LLC
Deluxe Corp
Quit Claim Deed
related
—
Jun 20, 2006
$949,278
Ari-scc 8 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Jun 19, 2006
$1,929,370
Ari-scc 39 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
May 26, 2006
$158,213
Ari-scc LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
May 2, 2006
$3,472,359
Ari-scc 35 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Apr 7, 2006
$2,048,442
Ari-scc 29 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Apr 7, 2006
$2,339,887
Ari-scc 32 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Mar 27, 2006
$2,922,777
Ari-scc 26 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Mar 17, 2006
$116,578
Ari-scc 21 & 22 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Feb 27, 2006
$2,922,777
Ari-scc 24 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Feb 10, 2006
$2,165,020
Ari-scc 21 & 22 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Jan 31, 2006
$1,748,670
Ari-scc 20 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Jan 6, 2006
$1,340,647
Ari-scc 15 LLC
Ari-shoreview Corporate Center
Warranty Deed
related
—
Dec 2, 2005
$2,872,815
Ari-ssc 2 LLC
Ari-shoreview Corp Center LLC
Warranty Deed
related
—
—
—
Shoppes At Osgood LLC
—
Deed Of Trust
related
$9,600,000 · Bell 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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