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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
574 Old Hwy 8th NW, New Brighton, MN 55112-2721
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0723113
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1963
Construction
WOOD FRAME
Total area
192 SF
Lot
0.34 ac (14,985 SF)
Zoning code
I
APN
29-30-23-24-0120
UPID
US46-0723113
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
Mishals Property LLC · 5 yrs held
Mishals Property LLC
since 2021
Last sale
$400,000
4 recorded transactions
Zoning & alternative use
I · New Brighton, 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 New Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brighton 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
$6,220
Tax year 2023
Assessed value
$295,800
Assessed 2023
Previous assessed
$250,700
+18.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$75,000
Assessed improvement
$220,800
Land market value
$75,000
Improvement market value
$220,800
Total market value
$295,800
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1963
Construction
WOOD FRAME
Heating
YES
Cooling
CENTRAL
Total area
192 SF
Lot
0.34 ac (14,985 SF)
Zoning code
I
APN
29-30-23-24-0120
UPID
US46-0723113
Jurisdiction
RAMSEY
Zoning & alternative use
I · New Brighton, MN
Zoning I · permitted uses
I · New Brighton, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brighton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Lot
0.34 ac
Current owner
From public records · entity-resolved
Mishals Property LLC
Entity
Mailing address
2090 SAMUEL ST APT #11, SAINT PAUL, MN 55113-5690
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2021
$400,000
Mishals Property LLC
Tobasi Properties LLC
Warranty Deed
$280,000 · Resource Bank
Oct 4, 2019
$500
Tobasi Properties LLC
Tobasi INC
Quit Claim Deed
related
—
Feb 7, 2018
—
Tobasi INC
—
Trustees Deed
related
$300,000 · Community Resource Bk
Jul 3, 2013
$120,000
Tobasi INC
Crown Coco INC
Warranty 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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