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Property profile & analytics
OFF-MARKET
Estimated value
$24,175,000
Warehouses
5230 Quincy St, Mounds View, MN 55112
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-0005925
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
395,273 SF
Lot
17.52 ac (763,084 SF)
Zoning code
F
APN
08-30-23-41-0008
UPID
US46-0005925
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
$26.92M
Blend (final)
Blend
$24.18M
Owner & transaction history
Gki Indutrial Minneapolis LLC · 4 yrs held
Gki Indutrial Minneapolis LLC
since 2021
Last sale
$24.0M
5 recorded transactions
Zoning & alternative use
F · Mounds View, 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 Mounds View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mounds View 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
$21,765,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$24.18M
Range $21.76M – $26.59M · ±10% · vs last sale $24.01M (Dec 8 2021)
Last sale anchor
$24.01M
Dec 8 2021
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
$61 / 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
$602,454
Tax year 2023
Assessed value
$20,000,000
Assessed 2023
Previous assessed
$20,500,000
-2.4% YoY
Effective rate
3.01%
On assessed value
Assessed land
$4,578,800
Assessed improvement
$15,421,200
Land market value
$4,578,800
Improvement market value
$15,421,200
Total market value
$20,000,000
Applied tax rate
621.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
STEAM
Buildings
3
Total area
395,273 SF
Lot
17.52 ac (763,084 SF)
Zoning code
F
APN
08-30-23-41-0008
UPID
US46-0005925
Jurisdiction
RAMSEY
Zoning & alternative use
F · Mounds View, MN
Zoning F · permitted uses
F · Mounds View, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mounds View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
STEAM
Buildings
3
Lot
17.52 ac
Current owner
From public records · entity-resolved
Gki Indutrial Minneapolis LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5201 EDEN AVE STE #50, EDINA, MN 55436-2316
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
$24,010,000
Gki Indutrial Minneapolis LLC
Gijv Mn 4 LLC
Limited Warranty Deed
—
Nov 24, 2021
$24,010,000
Gki Industrial Minnepolis LLC
Gliv Mn 4 LLC
Limited Warranty Deed
—
Oct 31, 2014
$8,334,000
Gijv Mn 5 LLC
Reef American Reit II Corp Vvv
Grant Deed
—
Oct 30, 2014
$8,334,000
Gijv Mn 5 LLC
Rreef America Reit II Corp Vvv
Grant Deed
related
$272,500,500 · German American Cap
Jun 22, 2005
$7,152,855
Rreef America Reit II Corp Vvv
State Of California Public Employ
Grant Deed
—
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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