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Property profile & analytics
FOR SALE
Commercial real estate
6133 Baker Rd, Minnetonka, MN 55345
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0663801
For Sale
1 / 2
$2,272,800
6133 Baker Rd, Minnetonka, MN 55345
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,428 SF
Lot
1.26 ac (54,886 SF)
Zoning code
I-1
APN
34-117-22-44-0016
UPID
US46-0663801
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
$1.44M
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$1.07M
Owner & transaction history
Jkmr LLC · 6 yrs held
Jkmr LLC
since 2019
4 recorded transactions
Zoning & alternative use
I-1 · Minnetonka, MN
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 Minnetonka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minnetonka 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%
$1,555,000
6.5%
$1,435,000
7%
$1,335,000
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$127 / 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
$51,328
Tax year 2023
Assessed value
$1,798,000
Assessed 2023
Previous assessed
$1,529,000
+17.6% YoY
Effective rate
2.85%
On assessed value
Assessed land
$821,000
Assessed improvement
$977,000
Land market value
$821,000
Improvement market value
$977,000
Total market value
$1,798,000
Applied tax rate
270.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
2
Total area
8,428 SF
Lot
1.26 ac (54,886 SF)
Zoning code
I-1
APN
34-117-22-44-0016
UPID
US46-0663801
Jurisdiction
HENNEPIN
Zoning & alternative use
I-1 · Minnetonka, MN
Zoning I-1 · permitted uses
I-1 · Minnetonka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Minnetonka. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Jkmr LLC
Entity
Mailing address
229 MINNETONKA AVE S UNIT #821, WAYZATA, MN 55391-2089
Ownership since
2019
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
Nov 12, 2019
$1,550,000
Jkmr LLC
Gorham Housing Partners II LLP
Warranty Deed
$1,240,000 · Alerus Financial NA
Mar 28, 2014
$1,275,000
Gorham Housing Partners II LLP
Baker Road LLC
Warranty Deed
$1,000,000 · Reliance Bk
Feb 19, 2013
—
Baker Road LLC
Saville Sadie A Trust
Grant Deed
related
—
Nov 8, 2005
$1,070,000
Saville Todd S & Ross S Tr
Saville Holdings LLC
Warranty Deed
related
—
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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