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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Commercial real estate
6520 Riv Rd, Fridley, MN 55432-4213
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-3246916
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,613 SF
Lot
0.67 ac (29,215 SF)
APN
15-30-24-13-0056
UPID
US46-3246916
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
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$655k
Owner & transaction history
5b Group INC · 2 yrs held
5b Group INC
since 2023
Last sale
$600,000
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 Fridley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fridley 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
$665,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $600k (Nov 9 2023)
Last sale anchor
$600k
Nov 9 2023
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
$86 / 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
$15,401
Tax year 2024
Assessed value
$583,900
Assessed 2024
Previous assessed
$583,900
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$229,900
Assessed improvement
$354,000
Land market value
$229,900
Improvement market value
$354,000
Total market value
$583,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Total area
7,613 SF
Lot
0.67 ac (29,215 SF)
APN
15-30-24-13-0056
UPID
US46-3246916
Jurisdiction
ANOKA
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
5b Group INC
Entity
Mailing address
6485 E RIV RD, FRIDLEY, MN 55432-4245
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2023
$600,000
5b Group INC
Kev Cor Properties LLC
Warranty Deed
$450,000 · Lake Elmo Bank
Jul 10, 2012
—
Kev Cor Properties LLC
—
Trustees Deed
related
$435,500 · 21st Century Bank
Jun 29, 2012
—
Kev Cor Properties LLC
—
Trustees Deed
related
$435,500 · 21st Century Bank
Feb 28, 2012
$300,000
Kevin Hanover
Safo LLC
Grant Deed
—
Feb 28, 2012
—
Kev Cor Properties LLC
Hanover,kevin & Correan
Quit Claim Deed
related
—
Sep 26, 2005
$350,000
Safo LLC
Palantine Hill Financial LLC
Grant Deed
—
—
—
Kev Cor Properties LLC
—
Deed Of Trust
related
$652,500 · 21st Century Bank
—
—
Kev Cor Properties LLC
—
Deed Of Trust
related
$449,000 · Twin Cities-metro Cert Dev Co
—
—
Kev Cor Properties LLC
—
Deed Of Trust
related
$787,555 · Hanover Jerome F Trust (pt)
—
—
Kev Cor Properties LLC
—
Deed Of Trust
related
$652,500 · 21st Century Bank
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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