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Property profile & analytics
OFF-MARKET
Estimated value
$6,065,000
Warehouses
5000 Babcock Trl Inver Grove Heights, MN 55077-1225
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US46-0742884
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE
Total area
33,880 SF
Lot
11.12 ac (484,387 SF)
APN
20-68701-01-010
UPID
US46-0742884
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
$4.99M
Comparable Approach
Comparable
$6.59M
Blend (final)
Blend
$6.07M
Owner & transaction history
Acorn Mini-storage Vi LLC
Acorn Mini-storage Vi LLC
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.7M
+30.2%
Restaurant
$6.6M
+27.4%
Auto repair, garage
$5.8M
+12.1%
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 Inver Grove Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inver Grove Heights 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%
$5,405,000
6.5%
$4,990,000
7%
$4,635,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,715,000
Change: +30% · Conversion: Moderate
RESTAURANT
$6,570,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,785,000
Change: +12% · Conversion: Easy
RETAIL STORES
$4,830,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$6.07M
Range $5.46M – $6.67M · ±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
$179 / 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
$135,552
Tax year 2023
Assessed value
$4,721,200
Assessed 2022
Previous assessed
$4,685,300
+0.8% YoY
Effective rate
2.87%
On assessed value
Assessed land
$1,090,200
Assessed improvement
$3,631,000
Land market value
$1,090,200
Improvement market value
$3,631,000
Total market value
$4,721,200
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Buildings
4
Bathrooms
1
Total area
33,880 SF
Lot
11.12 ac (484,387 SF)
APN
20-68701-01-010
UPID
US46-0742884
Jurisdiction
DAKOTA
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
WAREHOUSE, STORAGE Current
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
RESTAURANT
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RETAIL STORES
Est. value
$4.8M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
2000
Construction
CONCRETE
Heating
NONE
Buildings
4
Bathrooms
1
Lot
11.12 ac
Current owner
From public records · entity-resolved
Acorn Mini-storage Vi LLC
Entity
Mailing address
6200 SHINGLE CRK PKWY STE #300, BROOKLYN CENTER, MN 55430-2168
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
Acorn Mini-storage Vi LLC
—
Deed Of Trust
related
$3,307,000 · Bell St Bk&tr
—
—
Acorn Mini-storage Vi LLC
—
Deed Of Trust
related
$900,000 · Anchor Bank NA
—
—
Acorn Mini-storage Vi LLC
—
Deed Of Trust
related
$1,000,000 · Anchor Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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