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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
4648 Hwy 61st N, White Bear Lake, MN 55110-3420
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0220282
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1956
Construction
WOOD FRAME
Total area
1,883 SF
Lot
0.4 ac (17,598 SF)
Zoning code
M
APN
14-30-22-43-0087
UPID
US46-0220282
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
by Request
Owner & transaction history
American Bk Of St Paul · 16 yrs held
American Bk Of St Paul
since 2010
7 recorded transactions
Zoning & alternative use
M · White Bear Lake, MN
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,660
Tax year 2023
Assessed value
$370,900
Assessed 2023
Previous assessed
$291,800
+27.1% YoY
Effective rate
2.07%
On assessed value
Assessed land
$177,100
Assessed improvement
$193,800
Land market value
$177,100
Improvement market value
$193,800
Total market value
$370,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1956
Construction
WOOD FRAME
Heating
YES
Cooling
CENTRAL
Total area
1,883 SF
Lot
0.4 ac (17,598 SF)
Zoning code
M
APN
14-30-22-43-0087
UPID
US46-0220282
Jurisdiction
RAMSEY
Zoning & alternative use
M · White Bear Lake, MN
Zoning M · permitted uses
M · White Bear Lake, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Bear Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Lot
0.4 ac
Current owner
From public records · entity-resolved
American Bk Of St Paul
Individual
Free & Clear · 16 yrs held
Mailing address
7400 NARCISSUS LN N, MAPLE GROVE, MN 55311-1726
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Apr 26, 2010
$281,000
American Bk Of St Paul
Sheriff Of Ramsey County
Trustees Deed
related
—
Jul 21, 2003
—
East Petrol Real Estate LLC
North Central Petroleum LLC
Grant Deed
related
—
Jun 6, 2002
—
North Central Petroleum LLC
Awaijane,assad A & Cynthia K
Grant Deed
$2,320,000 · Midway National Bank St Paul
Sep 12, 2000
$64,969
Dodd Road Realty INC
Spizman,howard & Rosemary
Trustees Deed
—
Sep 12, 2000
$780,000
Awaijane,assad A & Cynthia K
Apollo Oil Co
Trustees Deed
$500,000 · Norwest Bank
Sep 12, 2000
$500
Apollo Oil Co
Dodd Road Realty INC
Trustees Deed
related
—
—
—
Assad A Awaijane
—
Deed Of Trust
related
$250,000 · Northeast 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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