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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Commercial real estate
4205 Pheasant Rdg NE Dr, Blaine, MN 55449-6299
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0820162
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
75,440 SF
Lot
5.98 ac (260,574 SF)
APN
24-31-23-23-0005
UPID
US46-0820162
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$3.83M
Owner & transaction history
Blaine Mn LLC · 2 yrs held
Blaine Mn LLC
since 2024
Last sale
$3.8M
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 Blaine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blaine 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
$3,825,000
ML approach
$3,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±10% · vs last sale $3.83M (May 7 2024)
Last sale anchor
$3.83M
May 7 2024
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
$51 / 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
$233,206
Tax year 2024
Assessed value
$8,866,700
Assessed 2024
Previous assessed
$8,866,700
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$3,504,600
Assessed improvement
$5,362,100
Land market value
$3,504,600
Improvement market value
$5,362,100
Total market value
$8,866,700
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
75,440 SF
Lot
5.98 ac (260,574 SF)
APN
24-31-23-23-0005
UPID
US46-0820162
Jurisdiction
ANOKA
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
5.98 ac
Current owner
From public records · entity-resolved
Blaine Mn LLC
Entity
Free & Clear · 2 yrs held
Mailing address
40 SKOKIE BLVD STE #610, NORTHBROOK, IL 60062-1602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 7, 2024
$3,825,000
Blaine Mn LLC
Cliffside Holdings LLC
Limited Warranty Deed
—
Aug 19, 2021
$990,000
Haza Realty LP
Blaine Associates LLC
Deed
—
May 14, 2021
—
Cliffside Holdings LLC
Acv Watkins Portfolio I LLC
Assignment Of Lease (leasehold Sale)
—
Oct 14, 2020
—
Blaine Associates LLC
—
Deed
related
$625,000 · Wells Fargo Bk
Apr 17, 2019
—
Blaine Associates LLC
—
Deed
related
$750,000 · Wells Fargo Bk
Mar 13, 2015
$38,300,000
Blaine Associates LLC
Mept Blaine LLC
Grant Deed
related
$25,500,000 · Wells Fargo Bk
Jul 18, 2005
$14,363,503
Mept Blaine LLC
Village Of Blaine
Grant Deed
—
—
—
Blaine Associates LLC
—
Loan Modification
related
$750,000 · Wells Fargo Bk
—
—
Blaine Associates LLC
—
Loan Modification
related
$625,000 · Wells Fargo 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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