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Property profile & analytics
OFF-MARKET
Estimated value
$11,800,000
Warehouses
600 Lakeview Pt Dr, New Brighton, MN 55112-3494
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-1016717
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
114,546 SF
Lot
11.51 ac (501,593 SF)
Zoning code
F
APN
32-30-23-42-0014
UPID
US46-1016717
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
$14.14M
Blend (final)
Blend
$11.80M
Owner & transaction history
Lakeview Point Property LLC · 2 yrs held
Lakeview Point Property LLC
since 2023
Last sale
$13.8M
7 recorded transactions
Zoning & alternative use
F · New Brighton, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$19.2M
+45.7%
Medical building
$16.9M
+27.9%
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
Method
Estimation
Statistic approach
$7,175,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,195,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,225,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$16,875,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$12,540,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$11,710,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$11.80M
Range $10.62M – $12.98M · ±10% · vs last sale $13.80M (Sep 11 2023)
Last sale anchor
$13.80M
Sep 11 2023
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
$103 / 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
$303,026
Tax year 2023
Assessed value
$10,504,300
Assessed 2023
Previous assessed
$10,504,300
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$2,508,100
Assessed improvement
$7,996,200
Land market value
$2,508,100
Improvement market value
$7,996,200
Total market value
$10,504,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Heating
STEAM
Buildings
3
Total area
114,546 SF
Lot
11.51 ac (501,593 SF)
Zoning code
F
APN
32-30-23-42-0014
UPID
US46-1016717
Jurisdiction
RAMSEY
Zoning & alternative use
F · New Brighton, MN
Zoning F · permitted uses
F · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.2M
MEDICAL BUILDING
Est. value
$16.9M
OFFICE BUILDING
Est. value
$12.5M
RETAIL STORES
Est. value
$11.7M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1993
Heating
STEAM
Buildings
3
Lot
11.51 ac
Current owner
From public records · entity-resolved
Lakeview Point Property LLC
Entity
Free & Clear · 2 yrs held
Mailing address
600 LAKEVIEW PT DR, NEW BRIGHTON, MN 55112-3494
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
31 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
$13,800,000
Lakeview Point Property LLC
Special Assets & Advisory Group INC
Receivers Deed
—
Jan 15, 2020
—
Brooks New Brighton LLC
—
Deed
related
$3,468,000 · Minnwest Bk Metro
Jun 4, 2019
—
Breit Ramsey Indl Owner LLC
—
Grant Deed
related
$257,650,000 · Wells Fargo Bk
Mar 8, 2019
—
Brooks New Brighton LLC
—
Deed
related
$1,411,981 · Minnwest Bk
Dec 31, 2018
—
Brooks New Brighton LLC
—
Deed
related
$3,607,759 · Minnwest Bk
Dec 21, 2018
—
Brooks New Brighton LLC
—
Deed
related
$1,438,048 · Minnwest Bk
Nov 14, 2018
—
Brooks New Brighton LLC
—
Deed
related
$3,168,000 · Minnwest Bk
Jul 20, 2017
—
Brooks New Brighton LLC
—
Deed
related
$4,000,000 · Minnwest Bk
Apr 3, 2013
—
Brooks New Brighton LLC
—
Deed Of Trust
related
$1,933,363 · Minnwest Bank Metro
—
—
Brooks New Brighton LLC
—
Deed Of Trust
related
$5,300,000 · Minnwest Bk Metro
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,168,000 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Deed Of Trust
related
$2,200,000 · Minnwest Bk Metro
—
—
Brooks New Brighton LLC
—
Deed Of Trust
related
$4,000,000 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$4,657,649 · Minnwest Bank Metro
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,468,000 · Minnwest Bk Metro
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$1,358,059 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,271,691 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$1,497,560 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,547,070 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,607,759 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,168,000 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$4,000,000 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,168,000 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,401,592 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$1,472,368 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$1,438,048 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,168,000 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$1,411,981 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,464,391 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$3,485,482 · Minnwest Bk
—
—
Brooks New Brighton LLC
—
Loan Modification
related
$1,446,803 · Minnwest 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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