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Property profile & analytics
OFF-MARKET
Parking lots & garages
6415 County Rd 19th 36 Loretto, MN 55357-9769
Individually Owned
14-yr Hold
Free & Clear
Property ID
US46-3139175
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1999
Lot
4.19 ac (182,326 SF)
APN
31-119-23-31-0048
UPID
US46-3139175
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
-
Park Place Storage - Corcoran Storage Facility Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard A Burrious · 14 yrs held
Richard A Burrious
since 2012
Last sale
$120,000
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 Loretto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loretto 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$1,289
Tax year 2023
Assessed value
$104,000
Assessed 2023
Previous assessed
$85,000
+22.4% YoY
Effective rate
1.24%
On assessed value
Assessed land
$24,000
Assessed improvement
$80,000
Land market value
$24,000
Improvement market value
$80,000
Total market value
$104,000
Applied tax rate
879.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1999
Heating
NONE
Cooling
NONE
Lot
4.19 ac (182,326 SF)
APN
31-119-23-31-0048
UPID
US46-3139175
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
1999
Heating
NONE
Cooling
Yes
Lot
4.19 ac
Current owner
From public records · entity-resolved
Richard A Burrious
Individual
Free & Clear · 14 yrs held
Mailing address
PO BOX 581516, MINNEAPOLIS, MN 55458-1516
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2012
$52,000
Richard A Burrious
Park Place Storage Condos INC
Warranty Deed
—
Nov 22, 2011
$50,000
Park Place Storage Condos INC
Raskob,john
Warranty Deed
$203,000 · Premier Bank
Feb 7, 2011
$50,000
John Raskob
Park Place Storage Condos INC
Warranty Deed
—
Jul 30, 2010
$55,079
Park Place Storage Condos INC
Dise,james & Sheila
Warranty Deed
—
Jun 24, 2008
$56,700
James Dise
Jasper,daniel J & Jill D
Warranty Deed
—
Feb 14, 2005
$35,500
Daniel J Jasper
Seeley,dale F & Patrice M
Warranty Deed
—
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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