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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Manufacturing properties
4214 Airpark Blvd Duluth, MN 55811-5721
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-3206452
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Total area
6,000 SF
APN
010-0143-00260
UPID
US46-3206452
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
-
TPEC Construction Company General Contractor
-
Overhead Door Company of Duluth Building Supply General Contractor
-
Environmental Services | TPEC Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$348k
Blend (final)
Blend
$505k
Owner & transaction history
Kevin J Lund · 3 yrs held
Kevin J Lund
since 2022
Last sale
$530,000
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 Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth 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
$620,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $530k (Oct 6 2022)
Last sale anchor
$530k
Oct 6 2022
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
$84 / 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
$11,148
Tax year 2024
Assessed value
$398,700
Assessed 2022
Previous assessed
$398,700
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$121,100
Assessed improvement
$277,600
Land market value
$121,100
Improvement market value
$277,600
Total market value
$398,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
6,000 SF
APN
010-0143-00260
UPID
US46-3206452
Jurisdiction
ST LOUIS
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Kevin J Lund
Individual
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
—
Kevin J Lund
Kevin J Lund
Transfer On Death Deed
related
—
Jan 26, 2021
—
Kevin Lund
—
Deed
related
$849,929 · Western Nat'l Bk
Apr 18, 2017
—
Kevin J Lund
—
Deed
related
$240,699 · Wells Fargo Bk
May 26, 2004
$530,000
Kevin Lund
Nu-bk Ptshp
Warranty Deed
$424,000 · M & I Marshall & Isley Bank
—
—
Kevin J Lund
—
Loan Modification
related
$240,699 · Wells Fargo Bk
—
—
Kevin Lund
—
Deed Of Trust
related
$849,929 · Western Nat'l Bk
—
—
Kevin Lund
—
Deed Of Trust
related
$424,000 · M & I Marshall & Isley Bank
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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