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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Banks
550 Burnsville Pkwy, Burnsville, MN 55337-2503
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-0019044
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Construction
CONCRETE
Total area
20,217 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R
APN
02-11475-01-010
UPID
US46-0019044
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
-
Heart of the City Dental Dental Office
-
Smith Heidi DDS Dental Office
-
Schulz Peterson Tanya M DDS Dental Office
-
Chris O’Connell - Old National Bank Loan Service Bank
-
Physicians Vein Clinics - Burnsville, MN Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$760k
Owner & transaction history
Cedarwood Burnsville LLC · 7 yrs held
Cedarwood Burnsville LLC
since 2018
5 recorded transactions
Zoning & alternative use
R · Burnsville, 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 Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$38 / 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
$76,626
Tax year 2023
Assessed value
$2,606,500
Assessed 2022
Previous assessed
$2,588,000
+0.7% YoY
Effective rate
2.94%
On assessed value
Assessed land
$453,200
Assessed improvement
$2,153,300
Land market value
$453,200
Improvement market value
$2,153,300
Total market value
$2,606,500
Applied tax rate
2.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Total area
20,217 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R
APN
02-11475-01-010
UPID
US46-0019044
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Cedarwood Burnsville LLC
Entity
Mailing address
3241 E BDE MAKA SKA PKWY APT #1, MINNEAPOLIS, MN 55408-3373
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2018
$3,730,000
Cedarwood Burnsville LLC
Valley II Real Estate LLC
Limited Warranty Deed
$2,984,000 · Firefly FCU
Jul 24, 2006
—
Valley II Real Estate LLC
—
Trustees Deed
related
$2,840,000 · State Bank & Trust
Jan 3, 2005
$930,000
Anchor Bank West Stpaul NA
Glass Service Co INC
Warranty Deed
related
—
Apr 14, 2004
—
Glass Service Co INC
—
Deed Of Trust
related
$1,600,000 · Associated Bank Minnesota
—
—
Valley II Real Estate LLC
—
Deed Of Trust
related
$2,500,000 · Venture Bank
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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