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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Industrial properties
4457 White Bear Pkwy, White Bear Lake, MN 55110-7656
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0761743
Property summary
AI-generated overview
This exceptional 3,258 square foot warehouse/office space, located in Suite E of Parkway Point IV at 4457 White Bear Pkwy, White Bear Lake, MN 55110, presents a fantastic opportunity. Situated in a prime location, just one minute from Interstate 35E, this end-cap unit offers convenient access to major transportation routes. The space boasts a 16-foot clear height ceiling and five drive-in doors, including one 12-foot door, making loading and unloading efficient. Built in 1995, this single-building property features a total of 14,042 square feet, divided into five suites. This particular suite includes one bathroom and ample surface parking. The property includes a sprinkler system and is ideal for various uses, including warehouse, manufacturing, research and development, and contracting (excluding automotive). The monthly net rent is $2,715, with CAM charges of $1,518, totaling $4,233 per month. The space will be available February 1, 2025. This is a rare opportunity to secure a well-located, functional industrial space in a thriving area. Don't miss out!
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Total area
18,100 SF
Lot
1.25 ac (54,494 SF)
APN
21-30-22-13-0030
UPID
US46-0761743
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
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.24M
Owner & transaction history
4457 White Bear LLC · 5 yrs held
4457 White Bear LLC
since 2021
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+51.1%
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
$1,180,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,225,000
Current use
RETAIL STORES
$1,850,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.30M (Jun 15 2021)
Last sale anchor
$1.30M
Jun 15 2021
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
$69 / 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
$41,254
Tax year 2023
Assessed value
$1,468,800
Assessed 2023
Previous assessed
$1,336,800
+9.9% YoY
Effective rate
2.81%
On assessed value
Assessed land
$436,000
Assessed improvement
$1,032,800
Land market value
$436,000
Improvement market value
$1,032,800
Total market value
$1,468,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1995
Heating
HOT WATER
Buildings
3
Total area
18,100 SF
Lot
1.25 ac (54,494 SF)
APN
21-30-22-13-0030
UPID
US46-0761743
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
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
1995
Heating
HOT WATER
Buildings
3
Lot
1.25 ac
Current owner
From public records · entity-resolved
4457 White Bear LLC
Entity
Mailing address
2306 ROBBINS ST SI, SAINT PAUL, MN 55114-1142
Ownership since
2021
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
Jun 15, 2021
$1,300,000
4457 White Bear LLC
Bcd Business Holdings LLC
Warranty Deed
$975,000 · Commerce Bank
Apr 6, 2018
$1,100,100
Bcd Business Holdings LLC
K-d Partners LLP
Warranty Deed
related
—
—
—
K-d Partners LLP
—
Deed Of Trust
related
$300,000 · Us Bank 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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