New search
Property profile & analytics
FOR LEASE
Industrial properties
5910 Rice Creek Pkwy, Shoreview, MN 55126
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0044169
For Lease
1 / 2
Contact for pricing
5910 Rice Creek Pkwy, Shoreview, MN 55126
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Total area
174,573 SF
Lot
10.4 ac (453,024 SF)
APN
04-30-23-21-0087
UPID
US46-0044169
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
Zahir H Moghul · 4 yrs held
Zahir H Moghul
since 2021
Last sale
$133,939
6 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 Shoreview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shoreview 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
$399,038
Tax year 2023
Assessed value
$10,900,000
Assessed 2023
Previous assessed
$12,618,400
-13.6% YoY
Effective rate
3.66%
On assessed value
Assessed land
$2,265,100
Assessed improvement
$8,634,900
Land market value
$2,265,100
Improvement market value
$8,634,900
Total market value
$10,900,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2000
Heating
STEAM
Buildings
3
Total area
174,573 SF
Lot
10.4 ac (453,024 SF)
APN
04-30-23-21-0087
UPID
US46-0044169
Jurisdiction
RAMSEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2000
Heating
STEAM
Buildings
3
Lot
10.4 ac
Current owner
From public records · entity-resolved
Zahir H Moghul
Individual
Mailing address
PO BOX A3879, CHICAGO, IL 60690
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
$133,939
Zahir H Moghul
Kristy M Rasmussen Vincent
Warranty Deed
$26,829,500 · Bank Of America NA
Jul 22, 2014
—
Wpt Rice Creek LP
—
Deed Of Trust
related
$11,000,000 · Lincoln National Life Ins
Sep 8, 2011
—
Rice Creek I LLC
—
Deed Of Trust
related
$11,920,297 · New York Life Insurance
Sep 8, 2011
$1,448,294
Rice Creek I LLC
Canis-rice Creek LLC
Grant Deed
related
—
Jul 19, 2005
$7,668,000
Dev Canis
Rice Creek I LLC
Grant Deed
—
—
—
Wpt Rice Creek LP
—
Deed Of Trust
related
$13,000,000 · New York Life Insurance
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
