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Property profile & analytics
FOR LEASE
Commercial real estate
5775 Wayzata Blvd, St Louis Park, MN 55416
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US46-0796090
For Lease
$30,975,000
5775 Wayzata Blvd, St Louis Park, MN 55416
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
1,227,786 SF
Lot
11.44 ac (498,326 SF)
APN
04-117-21-31-0024
UPID
US46-0796090
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
-
Oasis Child and Family Services LLC Association / Organization
-
H2Os Video Film Production Television Studio
-
St. Louis Park at AnnieMac Home Mortgage Loan Service Bank
-
Hagen & Zawacki, PLC Law Firm
-
United Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.79M
Blend (final)
Blend
$30.98M
Owner & transaction history
Middleton Park Place Invtrs Ll · 10 yrs held
Middleton Park Place Invtrs Ll
since 2015
4 recorded transactions
Zoning & alternative use
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 St Louis Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Louis Park 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$30,560,000
Current use
Blend value · Realmo final
$30.98M
Range $27.88M – $34.07M · ±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
$25 / 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
$1,086,532
Tax year 2023
Assessed value
$34,787,000
Assessed 2023
Previous assessed
$33,779,000
+3.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$10,550,000
Assessed improvement
$24,237,000
Land market value
$10,550,000
Improvement market value
$24,237,000
Total market value
$34,787,000
Applied tax rate
283.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1980
Heating
NONE
Stories
9
Total area
1,227,786 SF
Lot
11.44 ac (498,326 SF)
APN
04-117-21-31-0024
UPID
US46-0796090
Jurisdiction
HENNEPIN
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
COMMERCIAL (GENERAL) Current
Est. value
$30.6M
COMMERCIAL (GENERAL) Current
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
1980
Heating
NONE
Stories
9
Lot
11.44 ac
Current owner
From public records · entity-resolved
Middleton Park Place Invtrs Ll
Individual
Mailing address
400 SKOKIE BLVD #820, NORTHBROOK, IL 60062-2816
Ownership since
2015
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
Dec 11, 2015
$30,316,141
Middleton Park Place Invtrs Ll
Vif II Of Park Place East LLC
Grant Deed
$47,465,000 · Private Individual
Aug 2, 2007
$24,738,062
Vif II Of Park Place East LLC
Park Place Opco LLC
Warranty Deed
related
—
—
—
Vif II Of Park Place East LLC
—
Deed Of Trust
related
$14,538,042 · Prudential Insurance Co Americ
—
—
Vif II Of Park Place East LLC
—
Deed Of Trust
related
—
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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