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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
4701 Banning Ave, White Bear Lake, MN 55110-3237
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0034020
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
4,220 SF
Lot
0.2 ac (8,756 SF)
Zoning code
D
APN
14-30-22-41-0097
UPID
US46-0034020
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
$706k
Blend (final)
Blend
$510k
Owner & transaction history
Muellner Family · 18 yrs held
Muellner Family
since 2007
7 recorded transactions
Zoning & alternative use
D · White Bear Lake, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$710,000
+64.2%
Medical building
$620,000
+44.1%
Office building
$490,000
+14.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$430,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$620,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$485,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
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
$121 / 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
$20,824
Tax year 2023
Assessed value
$831,100
Assessed 2023
Previous assessed
$692,600
+20.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$219,000
Assessed improvement
$612,100
Land market value
$219,000
Improvement market value
$612,100
Total market value
$831,100
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
HOT WATER
Buildings
3
Total area
4,220 SF
Lot
0.2 ac (8,756 SF)
Zoning code
D
APN
14-30-22-41-0097
UPID
US46-0034020
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
RETAIL STORES Current
Est. value
$430,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
MEDICAL BUILDING
Est. value
$620,000
OFFICE BUILDING
Est. value
$490,000
WAREHOUSE, STORAGE
Est. value
$485,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1948
Heating
HOT WATER
Buildings
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Muellner Family
Individual
Mailing address
12442 EVERTON CIR N, SAINT PAUL, MN 55110-5993
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Sep 24, 2018
—
Muellner Family Lllp
—
Trustees Deed
related
$25,000 · Premier Bk
Oct 18, 2011
—
Muellner Family LP
—
Deed Of Trust
related
$4,700,000 · Premier Bank
Nov 5, 2007
$425,000
Muellner Family
Mouw,montgomery S & Suzann R
Warranty Deed
—
May 3, 2004
$315,000
Montgomery S Mouw
White Bear Lake Boxing Club
Grant Deed
$236,000 · Lake Area Bank
—
—
Muellner Family
—
Deed Of Trust
related
$25,000 · Premier Bank
—
—
Muellner Family
—
Deed Of Trust
related
$250,000 · Muellner Marilyn Trust
—
—
Muellner Family
—
Deed Of Trust
related
$400,000 · Premier Bank
—
—
Muellner Family
—
Deed Of Trust
related
$250,000 · Muellner James M Trust
—
—
Muellner Family LP
—
Deed Of Trust
related
$250,000 · Premier 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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