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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Warehouses
4106 Hoffman Rd 7, White Bear Lake, MN 55110-3708
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-3247257
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
4,290 SF
Lot
0.05 ac (2,178 SF)
APN
22-30-22-44-0050
UPID
US46-3247257
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
$680k
CAP Approach
CAP
$870k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
Kanomax Holdings INC · 5 yrs held
Kanomax Holdings INC
since 2020
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$870,000
+75.9%
Neighborhood: shopping center
$720,000
+45.7%
Medical building
$630,000
+27.9%
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
$675,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$495,000
Current use
AUTO REPAIR, GARAGE
$870,000
Change: +76% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$720,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$630,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$440,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $750k (Oct 1 2020)
Last sale anchor
$750k
Oct 1 2020
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
$167 / 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
$7,874
Tax year 2023
Assessed value
$343,600
Assessed 2023
Previous assessed
$302,700
+13.5% YoY
Effective rate
2.29%
On assessed value
Assessed land
$60,000
Assessed improvement
$283,600
Land market value
$60,000
Improvement market value
$283,600
Total market value
$343,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
STEAM
Buildings
3
Total area
4,290 SF
Lot
0.05 ac (2,178 SF)
APN
22-30-22-44-0050
UPID
US46-3247257
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
WAREHOUSE, STORAGE Current
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$720,000
MEDICAL BUILDING
Est. value
$630,000
OFFICE BUILDING
Est. value
$500,000
RETAIL STORES
Est. value
$440,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2005
Heating
STEAM
Buildings
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
Kanomax Holdings INC
Entity
Mailing address
250 W 55TH ST #1728, NEW YORK, NY 10019-9710
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2020
$750,000
Kanomax Holdings INC
Blackford Properties LLC
Warranty Deed
—
Dec 13, 2005
$270,000
Blackford Properties INC
Break Branch LLC
Warranty Deed
—
—
—
Blackford Properties LLC
—
Deed Of Trust
related
$195,798 · Bmo Harris Bk 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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