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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail residential properties
4687 Clark Ave, White Bear Lake, MN 55110-3416
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0797911
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1915
Construction
WOOD FRAME
Total area
2,567 SF
Lot
0.1 ac (4,312 SF)
Zoning code
D
APN
14-30-22-42-0086
UPID
US46-0797911
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
$580k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Matthew Robert Salon LLC · 2 yrs held
Matthew Robert Salon LLC
since 2024
Last sale
$580,500
3 recorded transactions
Zoning & alternative use
D · White Bear Lake, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$520,000
+167.7%
Neighborhood: shopping center
$430,000
+121.6%
Medical building
$380,000
+94.6%
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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$520,000
Change: +168% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: +122% · Conversion: Difficult
MEDICAL BUILDING
$380,000
Change: +95% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $581k (May 2 2024)
Last sale anchor
$581k
May 2 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
$226 / 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
$7,688
Tax year 2023
Assessed value
$351,600
Assessed 2023
Previous assessed
$293,000
+20.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$108,200
Assessed improvement
$243,400
Land market value
$108,200
Improvement market value
$243,400
Total market value
$351,600
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1915
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Total area
2,567 SF
Lot
0.1 ac (4,312 SF)
Zoning code
D
APN
14-30-22-42-0086
UPID
US46-0797911
Jurisdiction
RAMSEY
Zoning & alternative use
D · White Bear Lake, MN
Zoning D · permitted uses
D · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$520,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
MEDICAL BUILDING
Est. value
$380,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1915
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Lot
0.1 ac
Current owner
From public records · entity-resolved
Matthew Robert Salon LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4687 CLARK AVE S, WHITE BEAR LAKE, MN 55110-3416
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
—
Matthew Robert Salon LLC
Matthew Robert LLC
Lease
—
May 2, 2024
$580,500
Matthew Robert LLC
Dma LLC
Warranty Deed
$236,000 · First National Bank
Jun 21, 2011
$270,000
Wellner Ents LLC
Herr,robert W
Warranty Deed
—
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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