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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Office buildings
4810 White Bear Pkwy, White Bear Lake, MN 55110-3345
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0793160
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
25,179 SF
Lot
1.95 ac (84,811 SF)
Zoning code
G
APN
16-30-22-41-0021
UPID
US46-0793160
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.30M
Owner & transaction history
Sand Prairle Holdings LLC · 3 yrs held
Sand Prairle Holdings LLC
since 2023
7 recorded transactions
Zoning & alternative use
G · White Bear Lake, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.7M
+26.3%
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
OFFICE BUILDING
$2,940,000
Current use
MEDICAL BUILDING
$3,710,000
Change: +26% · Conversion: Easy
WAREHOUSE, STORAGE
$2,900,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$2,575,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±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
$91 / 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
$80,874
Tax year 2023
Assessed value
$2,207,500
Assessed 2023
Previous assessed
$2,539,100
-13.1% YoY
Effective rate
3.66%
On assessed value
Assessed land
$678,500
Assessed improvement
$1,529,000
Land market value
$678,500
Improvement market value
$1,529,000
Total market value
$2,207,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Heating
STEAM
Buildings
3
Total area
25,179 SF
Lot
1.95 ac (84,811 SF)
Zoning code
G
APN
16-30-22-41-0021
UPID
US46-0793160
Jurisdiction
RAMSEY
Zoning & alternative use
G · White Bear Lake, MN
Zoning G · permitted uses
G · 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
OFFICE BUILDING Current
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING Current
MEDICAL 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
1991
Heating
STEAM
Buildings
3
Lot
1.95 ac
Current owner
From public records · entity-resolved
Sand Prairle Holdings LLC
Entity
Mailing address
117 25TH AVE S #1, SAINT CLOUD, MN 56301-3900
Ownership since
2023
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
May 30, 2023
—
Sand Prairle Holdings LLC
Sterling Properties Lllp
Limited Warranty Deed
—
May 26, 2023
$4,710,000
Sand Prairie Holdings LLC
Sterling Properties Lllp
Limited Warranty Deed
$2,300,000 · Sunrise Bank
Nov 10, 2021
$149,900
Thao Vong
Dean Potapinski
Warranty Deed
$141,740 · Royal Cu
Oct 28, 2021
$440,000
Theresa Duffy
Corey Preston Lindahl Schmidt
Warranty Deed
$325,000 · Salas Family Living Trust
Mar 1, 2021
—
Ricardo A Lopez
Manuel I Lopez
Transfer On Death Deed
related
$245,000 · Baxter Cu
—
—
Sterling Properties Lllp
—
Deed Of Trust
related
$2,800,000 · Bank Of The West
—
—
Sterling Properties Lllp
—
Deed Of Trust
related
$2,800,000 · Bank Of The West
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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