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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Office buildings
587 Bielenberg Dr, Woodbury, MN 55125-4451
Entity Owned
9-yr Hold
Free & Clear
Property ID
US46-3253768
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
17,616 SF
Lot
0.34 ac (14,871 SF)
APN
05-028-21-42-0066
UPID
US46-3253768
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
$4.01M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$3.50M
Owner & transaction history
Keats Roseville LLC · 9 yrs held
Keats Roseville LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+92.8%
Auto repair, garage
$3.6M
+85.1%
Neighborhood: shopping center
$3.0M
+53.3%
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 Woodbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbury 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%
$4,345,000
6.5%
$4,010,000
7%
$3,725,000
Alternative Use
Use
Estimation
RESTAURANT
$3,720,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,570,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,955,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$2,595,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±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
$199 / 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
$138,504
Tax year 2023
Assessed value
$4,803,300
Assessed 2022
Previous assessed
$4,803,300
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$951,800
Assessed improvement
$3,851,500
Land market value
$951,800
Improvement market value
$3,851,500
Total market value
$4,803,300
Applied tax rate
8,503.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
1
Total area
17,616 SF
Lot
0.34 ac (14,871 SF)
APN
05-028-21-42-0066
UPID
US46-3253768
Jurisdiction
WASHINGTON
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
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.6M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2007
Heating
NONE
Buildings
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Keats Roseville LLC
Entity
Free & Clear · 9 yrs held
Mailing address
319 BARRY AVE S STE #205, WAYZATA, MN 55391-4155
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2016
$1,669,570
Keats Roseville LLC
Norgren Group LLC
Warranty Deed
—
Nov 8, 2016
—
Keats Roseville LLC
—
Deed
related
$1,973,000 · Tradition Cap Bk
Apr 9, 2015
$3,800,000
Norgren Group LLC
Bielenberg Partners LLC
Grant Deed
—
Dec 2, 2010
$2,175,000
Bielenberg Partners LLC
Central Bk
Warranty Deed
—
Apr 5, 2007
$1,080,000
Building F12 LLC
Tamhills LLC
Warranty Deed
—
—
—
Keats Roseville LLC
—
Loan Modification
related
$1,973,000 · Tradition Cap Bk
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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