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Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Commercial real estate
651 Campus Dr, New Brighton, MN 55112-3495
Entity Owned
7-yr Hold
Free & Clear
Property ID
US46-0595517
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Total area
90,504 SF
Lot
4.11 ac (178,988 SF)
APN
32-30-23-43-0016
UPID
US46-0595517
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
by Request
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$2.90M
Owner & transaction history
Breit Ramsey Indl Owner LLC · 7 yrs held
Breit Ramsey Indl Owner LLC
since 2019
7 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 New Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brighton 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±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
$32 / 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
$188,048
Tax year 2023
Assessed value
$6,244,600
Assessed 2023
Previous assessed
$5,887,700
+6.1% YoY
Effective rate
3.01%
On assessed value
Assessed land
$895,100
Assessed improvement
$5,349,500
Land market value
$895,100
Improvement market value
$5,349,500
Total market value
$6,244,600
Applied tax rate
621.0000
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
Off-Market
Year built
1996
Heating
STEAM
Buildings
3
Total area
90,504 SF
Lot
4.11 ac (178,988 SF)
APN
32-30-23-43-0016
UPID
US46-0595517
Jurisdiction
RAMSEY
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
1996
Heating
STEAM
Buildings
3
Lot
4.11 ac
Current owner
From public records · entity-resolved
Breit Ramsey Indl Owner LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
Breit Ramsey Industrial Owner LLC
—
Deed
related
$500,000,000 · Wells Fargo Bank NA
Oct 15, 2019
—
Breit Ramsey Indl Owner LLC
—
Deed
related
$608,070,000 · Wells Fargo Bk
Apr 22, 2019
$2,260,000
Breit Ramsey Indl Owner LLC
Industrial Equities Grp II LLC
Warranty Deed
—
Apr 22, 2019
$8,270,000
Breit Ramsey Indl Owner LLC
Industrial Equities Group LLC
Warranty Deed
—
Apr 22, 2019
$2,259
Breit Ramsey Indl Owner LLC
Industrial Equities Grp Il LLC
Warranty Deed
related
—
Aug 15, 2017
$500
Industrial Equities Group Iill
Industrial Equities Group LLC
Warranty Deed
related
—
—
—
Breit Ramsey Indl Owner LLC
—
Loan Modification
related
$608,070,000 · Wells Fargo Bk
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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