New search
Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Strip malls
633 Main St, Anoka, MN 55303-2333
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0167999
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Construction
WOOD FRAME
Total area
3,922 SF
Lot
0.27 ac (11,761 SF)
Zoning code
MSMU
APN
06-31-24-34-0114
UPID
US46-0167999
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
Current use
Occupant on record · Public records
-
ARI Heating and Cooling Hardware & Home Improvement HVAC Service
-
Appliance Repair Inc. Home Appliance Store
-
Junk Smart Inc Waste Management Facility
-
A.R.I. Appliance Sales Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Anoka One Lllc · 5 yrs held
Anoka One Lllc
since 2021
Last sale
$516,500
7 recorded transactions
Zoning & alternative use
MSMU · Anoka, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$390,000
+139.1%
Auto repair, garage
$355,000
+117.8%
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 Anoka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anoka 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
$610,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
RETAIL STORES
$390,000
Change: +139% · Conversion: Easy
AUTO REPAIR, GARAGE
$355,000
Change: +118% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $517k (Jan 25 2021)
Last sale anchor
$517k
Jan 25 2021
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
$145 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,834
Tax year 2024
Assessed value
$586,100
Assessed 2024
Previous assessed
$586,100
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$112,100
Assessed improvement
$474,000
Land market value
$112,100
Improvement market value
$474,000
Total market value
$586,100
Applied tax rate
1.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1963
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
3,922 SF
Lot
0.27 ac (11,761 SF)
Zoning code
MSMU
APN
06-31-24-34-0114
UPID
US46-0167999
Jurisdiction
ANOKA
Zoning & alternative use
MSMU · Anoka, MN
Zoning MSMU · permitted uses
MSMU · Anoka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anoka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$390,000
AUTO REPAIR, GARAGE
Est. value
$355,000
RETAIL STORES
AUTO REPAIR, GARAGE
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
1963
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Anoka One Lllc
Individual
Mailing address
325 273RD ST, OSCEOLA, WI 54020-5946
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
$516,500
Anoka One Lllc
Itsaboutsleepcom LLC
Warranty Deed
$262,500 · Cortrust Bk NA
Jul 6, 2020
—
Itsaboutsleepcom LLC
—
Deed
related
—
Jun 4, 2015
$75,000
Its About Sleep LLC
State Of Mn
Trustees Deed
—
Jun 4, 2015
—
Itsaboutsleep Com LLC
About Sleep LLC
Quit Claim Deed
related
$165,000 · Community Pride Bank
Jul 15, 2013
$75,000
Andrew C Peterson
Property Tax Administrator
Trustees Deed
—
—
—
Itsaboutsleep Com LLC
—
Loan Modification
related
$185,000 · Community Pride Bk
—
—
Itsaboutsleepcom LLC
—
Loan Modification
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 633 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
