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Property profile & analytics
OFF-MARKET
Estimated value
$9,185,000
Apartment buildings
4800 Division Ave, White Bear Lake, MN 55110-5942
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US46-1388320
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2001
Construction
WOOD FRAME
Total area
98,626 SF
Lot
2.19 ac (95,440 SF)
APN
14-30-22-14-0148
UPID
US46-1388320
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
$11.47M
Blend (final)
Blend
$9.19M
Owner & transaction history
Oak Ridge Centre LLC · 8 yrs held
Oak Ridge Centre LLC
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.5M
+60.2%
Office building
$11.5M
+26.9%
Warehouse, storage
$11.4M
+25.3%
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
APARTMENT HOUSE (5+ UNITS)
$9,070,000
Current use
MEDICAL BUILDING
$14,530,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$11,510,000
Change: +27% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,365,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$10,085,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$9.19M
Range $8.27M – $10.10M · ±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
$93 / 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
$242,786
Tax year 2023
Assessed value
$15,750,000
Assessed 2023
Previous assessed
$15,750,000
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$1,600,000
Assessed improvement
$14,150,000
Land market value
$1,600,000
Improvement market value
$14,150,000
Total market value
$15,750,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2001
Construction
WOOD FRAME
Heating
STEAM
Buildings
2
Units
62
Total area
98,626 SF
Lot
2.19 ac (95,440 SF)
APN
14-30-22-14-0148
UPID
US46-1388320
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$14.5M
OFFICE BUILDING
Est. value
$11.5M
WAREHOUSE, STORAGE
Est. value
$11.4M
RETAIL STORES
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2001
Construction
WOOD FRAME
Heating
STEAM
Buildings
2
Units
62
Lot
2.19 ac
Current owner
From public records · entity-resolved
Oak Ridge Centre LLC
Entity
Mailing address
4601 EXCELSIOR BLVD #6, MINNEAPOLIS, MN 55416-4960
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2018
$3,700,000
Oak Ridge Centre LLC
Muellner Family Lllp
Trustees Deed
$2,500,000 · Miscellaneous Ins Co
—
—
Wbl Cherrywood LP
—
Deed Of Trust
related
$8,000,000 · Jones Lang Lasalle Multifamily
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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