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Property profile & analytics
OFF-MARKET
Medical Office Space
4916 Hwy 61st N, White Bear Lake, MN 55110-2661
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US46-0750462
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
FRAME
Total area
2,400 SF
Lot
0.21 ac (9,322 SF)
Zoning code
C
APN
14-30-22-14-0007
UPID
US46-0750462
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
White Bear Lake Property LLC · 10 yrs held
White Bear Lake Property LLC
since 2016
4 recorded transactions
Zoning & alternative use
C · 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
$13,272
Tax year 2023
Assessed value
$445,300
Assessed 2023
Previous assessed
$466,400
-4.5% YoY
Effective rate
2.98%
On assessed value
Assessed land
$140,300
Assessed improvement
$305,000
Land market value
$140,300
Improvement market value
$305,000
Total market value
$445,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
3
Units
1
Rooms
7
Bathrooms
1
Total area
2,400 SF
Lot
0.21 ac (9,322 SF)
Zoning code
C
APN
14-30-22-14-0007
UPID
US46-0750462
Jurisdiction
RAMSEY
Zoning & alternative use
C · White Bear Lake, MN
Zoning C · permitted uses
C · 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
2010
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Rooms
7
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
White Bear Lake Property LLC
Entity
Mailing address
4916 HWY 61ST N, SAINT PAUL, MN 55110-2661
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2016
$540,000
White Bear Lake Property LLC
4916 Highway 61 LLC
Warranty Deed
$361,000 · Wells Fargo Bk
Mar 6, 2009
$305,000
4916 Highway 61 LLC
Benson,joseph D & Martha W
Warranty Deed
$240,000 · State Bank & Trust
Mar 13, 2003
$300,000
Joseph D Benson
Loger,dawn M & Gary
Grant Deed
$270,000 · Premier Bank
—
—
4916 Highway 61 LLC
—
Deed Of Trust
related
$190,000 · Wells Fargo Bk
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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