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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Parking lots & garages
603 Lk St 212 Excelsior, MN 55331-1999
Individually Owned
2-yr Hold
Free & Clear
Property ID
US46-3135685
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1981
Lot
4.64 ac (202,076 SF)
APN
35-117-23-22-0141
UPID
US46-3135685
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
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Kim J Brenckman · 2 yrs held
Kim J Brenckman
since 2024
Last sale
$829,000
7 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 Excelsior submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Excelsior 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
$830,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $829k (Apr 5 2024)
Last sale anchor
$829k
Apr 5 2024
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
—
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
$241
Tax year 2023
Assessed value
$17,500
Assessed 2023
Previous assessed
$17,000
+2.9% YoY
Effective rate
1.38%
On assessed value
Assessed land
$4,000
Assessed improvement
$13,500
Land market value
$4,000
Improvement market value
$13,500
Total market value
$17,500
Applied tax rate
276.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
NONE
Lot
4.64 ac (202,076 SF)
APN
35-117-23-22-0141
UPID
US46-3135685
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
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Cooling
Yes
Lot
4.64 ac
Current owner
From public records · entity-resolved
Kim J Brenckman
Individual
Free & Clear · 2 yrs held
Mailing address
603 LK ST UNIT #212, EXCELSIOR, MN 55331-1999
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
—
Kim J Brenckman
Kim J Brenckman
Intrafamily Transfer
related
—
Sep 3, 2021
$829,000
Kim J Brenckman
Entarnin D Milbrath
Warranty Deed
—
Aug 23, 2018
$500
Family Residence Trust
Evans Robert E Trust
Grant Deed
related
—
Aug 8, 2017
$580,000
Evans,robert E Trust
Ditmore Lynne L 1999 Trust
Grant Deed
—
Nov 4, 2016
—
Ditmore,lynne L 1999 Trust
Ditmore,lynne
Quit Claim Deed
related
—
May 11, 2016
$494,000
Lynne Ditmore
Plevy,noel
Warranty Deed
—
Jul 30, 2013
$479,000
Noel Plevy
Nelson,raymond D
Warranty Deed
—
Apr 21, 2008
$530,000
Raymond D Nelson
Dorn Michael S & L S Trust
Warranty Deed
related
—
Apr 20, 2005
$460,000
Dorn Michael S Trust
Lambin,john C & Mary N
Warranty Deed
—
—
—
Plevy,noel
—
Deed Of Trust
related
$314,000 · Ubs Bk USA
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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