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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Strip malls
640 Railroad Dr, Norwood Young America, MN 55368-4516
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0411153
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
26,400 SF
Lot
1.28 ac (55,757 SF)
APN
58-5300050
UPID
US46-0411153
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
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
212 Tobacco & Vape (Bike/Boat/Book/etc) Store
-
D&V Nails Nail Salon
-
Bevens Creek Inn Stay Suites Hotel & Motel
-
Sauber Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$700k
Owner & transaction history
Nachiappan Subbiah Arunachalam · 4 yrs held
Nachiappan Subbiah Arunachalam
since 2021
Last sale
$600,000
6 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 Norwood Young America submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwood Young America 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
$645,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Current use
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $600k (Sep 2 2021)
Last sale anchor
$600k
Sep 2 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
$27 / 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
$21,948
Tax year 2024
Assessed value
$755,400
Assessed 2024
Previous assessed
$715,300
+5.6% YoY
Effective rate
2.91%
On assessed value
Assessed land
$97,600
Assessed improvement
$657,800
Land market value
$97,600
Improvement market value
$657,800
Total market value
$755,400
Applied tax rate
108.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2004
Heating
NONE
Stories
1
Total area
26,400 SF
Lot
1.28 ac (55,757 SF)
APN
58-5300050
UPID
US46-0411153
Jurisdiction
CARVER
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2004
Heating
NONE
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Nachiappan Subbiah Arunachalam
Individual
Mailing address
301 E FRONTAGE RD, WACONIA, MN 55387-1864
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
$600,000
Nachiappan Subbiah Arunachalam
Nya Mall LLC
Warranty Deed
$499,000 · Citizens St Bank Norwood Young Amer
Jan 14, 2013
$1,088,464
Nya Mall LLC
Citizens St Bk Of Norwood Young A
Grant Deed
$1,097,000 · Citizens St Bk/norwood
Dec 1, 2011
$1,542,042
Citizens St Bk Of Norwood Young A
Sheriff Of Carver County
Trustees Deed
related
—
—
—
Nya Developers LLC
—
Loan Modification
related
$1,034,530 · Citizens St Bk/norwood Young A
—
—
Nya Mall LLC
—
Loan Modification
related
$1,097,000 · Citizens St Bk/norwood Young A
—
—
Nya Mall LLC
—
Loan Modification
related
$1,033,884 · Citizens St Bk/norwood Young A
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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