Entity Owned Property summary
AI-generated overview
Northpark Corporate Center is an office park totaling 146,509 square feet, with planned property improvements under new ownership. The campus provides access to Interstate 694 and Highway 51 within the Minneapolis/St. Paul metropolitan area. On-site amenities include updated building lobbies, vended lunch rooms, building conference rooms, and a park-like setting. Parking includes ample surface parking and an underground parking option. The property has undergone and includes improvements such as new HVAC systems across all buildings, bathroom remodels, elevator modernization, and updates to common areas. The office space configuration includes a 1,402 square foot available unit.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Total area
68,113 SF
Lot
2.91 ac (126,847 SF)
Zoning code
C
APN
34-30-23-11-0024
UPID
US46-3213558
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate Agency
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Physician
-
Law Firm
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.23M
CAP Approach
CAP
$13.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.98M
Owner & transaction history
since 2020
Last sale
$12.2M
7 recorded transactions
Zoning & alternative use
C · Arden Hills, MN
Top alternative use upside
Restaurant
$14.4M
+92.8%
Auto repair, garage
$13.8M
+85.1%
Neighborhood: shopping center
$11.4M
+53.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.98M
Value range
$9.88M – $12.07M
±10% around blend
Estimated value / SF
$161 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$9.88M
blend $10.98M
$12.07M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
68,113 SF
Lot area
2.91 ac
Year built
1984
APN
34-30-23-11-0024
Zoning
C
Assessed value
$3,573,500
Annual tax
$106,312
3
Income approach: direct capitalization
Partial preview
Income approach indication
$13.28M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$14.38M
@ 6.5% CAP return
$13.28M
@ 7% CAP return
$12.33M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.98M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 196 sales
$109
+47%
County 129 sales
$101
+59%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $161/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+93%
vs current-use indication
Auto Repair, Garage
Neighborhood: Shopping Center
Medical Building
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
7.90%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.90%
9.0%
NOI (est.)
$854k *
Last sale · Nov 2020
$12.20M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.81M
Move the market yield to see immediate price impact.
Value / SF
$159
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.40%7.90%8.40%
$769k
$10.39M
$9.73M
$9.15M
$854k
$11.54M
$10.81M
$10.17M
$939k
$12.69M
$11.89M
$11.18M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$106,312
Tax year 2023
Assessed value
$3,573,500
Assessed 2023
Previous assessed
$3,481,100
+2.7% YoY
Effective rate
2.98%
On assessed value
Assessed land
$1,268,900
Assessed improvement
$2,304,600
Land market value
$1,268,900
Improvement market value
$2,304,600
Total market value
$3,573,500
Applied tax rate
621.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1984
Heating
STEAM
Buildings
3
Total area
68,113 SF
Lot
2.91 ac (126,847 SF)
Zoning code
C
APN
34-30-23-11-0024
UPID
US46-3213558
Jurisdiction
RAMSEY
Zoning & alternative use
C · Arden Hills, MNZoning C · permitted uses
C · Arden Hills, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
STEAM
Buildings
3
Lot
2.91 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C
Jurisdiction
Arden Hills, MN
Recorded code
C
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C in Arden Hills, MN.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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