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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Strip malls
5676 La Ctr Ave, Albertville, MN 55301-4022
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1540355
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,080 SF
Lot
1.28 ac (55,539 SF)
APN
101-086-001030
UPID
US46-1540355
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
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$600k
Blend (final)
Blend
$500k
Owner & transaction history
Albertville Station LLC · 8 yrs held
Albertville Station LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$755,000
+92.6%
Retail stores
$695,000
+76.8%
Medical building
$615,000
+56.8%
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 Albertville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albertville 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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$390,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +93% · Conversion: Easy
RETAIL STORES
$695,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$615,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$545,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$71 / 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
$26,296
Tax year 2023
Assessed value
$1,159,100
Assessed 2023
Previous assessed
$1,159,100
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$459,100
Assessed improvement
$700,000
Land market value
$459,100
Improvement market value
$700,000
Total market value
$1,159,100
Applied tax rate
102.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
7,080 SF
Lot
1.28 ac (55,539 SF)
APN
101-086-001030
UPID
US46-1540355
Jurisdiction
WRIGHT
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$755,000
RETAIL STORES
Est. value
$695,000
MEDICAL BUILDING
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$565,000
WAREHOUSE, STORAGE
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
1.28 ac
Current owner
From public records · entity-resolved
Albertville Station LLC
Entity
Free & Clear · 8 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Feb 27, 2018
$12,800,000
Albertville Station LLC
Msp Albertville Retail Buildin
Grant Deed
related
—
Dec 11, 2014
$9,000,000
Msp Albertville Retail Buildin
Us Bank NA 2004-pwr 3
Grant Deed
$6,500,000 · Premier Bk
May 16, 2013
$11,000,000
Us Bank NA Series 2004-pwr3 Tr
Sheriff Of Wright County
Trustees Deed
related
—
Mar 15, 2006
$6,736,406
Cwb Albertville Crossing LLC
Albertville 2002 LLC
Grant Deed
related
—
—
—
Albertville LLC
—
Deed Of Trust
related
$1,900,000 · Adams Bank & Trust
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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