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Property profile & analytics
FOR LEASE
Office buildings
604 Bielenberg Dr, Woodbury, MN 55125
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1943627
For Lease
1 / 3
$3,580,000
604 Bielenberg Dr, Woodbury, MN 55125
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
19,944 SF
APN
05-028-21-31-0217
UPID
US46-1943627
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
$4.54M
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$3.58M
Owner & transaction history
Msp Of Tamarack I LLC · 14 yrs held
Msp Of Tamarack I LLC
since 2012
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+92.8%
Auto repair, garage
$4.0M
+85.1%
Neighborhood: shopping center
$3.3M
+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%
$4,920,000
6.5%
$4,540,000
7%
$4,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,185,000
Current use
RESTAURANT
$4,210,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,040,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,345,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$2,940,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$2,300,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±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
$180 / 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
$113,696
Tax year 2023
Assessed value
$3,751,300
Assessed 2022
Previous assessed
$3,751,300
+0.0% YoY
Effective rate
3.03%
On assessed value
Assessed land
$537,800
Assessed improvement
$3,213,500
Land market value
$537,800
Improvement market value
$3,213,500
Total market value
$3,751,300
Applied tax rate
8,506.0000
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
For Lease
Year built
2008
Heating
NONE
Total area
19,944 SF
APN
05-028-21-31-0217
UPID
US46-1943627
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
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2008
Heating
NONE
Current owner
From public records · entity-resolved
Msp Of Tamarack I LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1215 TOWN CTR DR STE #130, EAGAN, MN 55123-2660
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
—
Msp Tamarack I LLC
—
Deed
related
$3,000,000 · Bell Bank
Apr 21, 2017
—
Msp Of Tamarack I LLC
—
Deed
related
$2,820,000 · Wings Fin'l FCU
May 1, 2012
$1,700,000
Msp Of Tamarack I LLC
Bank Mutual
Warranty Deed
—
—
—
Msp Of Tamarack I LLC
—
Deed Of Trust
related
$2,820,000 · Wings Fin'l FCU
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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