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6950 146Th St W, Apple Valley, MN 55124
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Property summary
AI-generated overview
This Apple Valley, Minnesota property, located at 6950 146th St W, offers three available suites totaling 15,459 square feet within a larger 35,064 square foot building. The building, constructed in 1987, is classified as Class C and features a single story with a 12-foot ceiling height. Suite 100, a 6,508 square foot endcap space, previously served as a therapy clinic and is ideal for office/warehouse use. Suite 118, a 4,565 square foot flex space, was formerly a gym and offers air conditioning throughout, easily adaptable to office/warehouse needs. Finally, Suite 128 is a 4,386 square foot endcap warehouse space with air conditioning throughout. The property boasts 60 total parking spaces and 18 drive-in doors, situated on 146th St W and conveniently near Galaxie Ave. The zoning is PD-409, and the APN is 01-11720-01-020. This multi-tenant building offers a variety of options for businesses seeking manufacturing, flex, traditional office, or warehouse space in a prime Apple Valley location. The property's zip code is 55124.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Construction
CONCRETE
Total area
35,840 SF
Lot
2.76 ac (120,226 SF)
Zoning code
R
APN
01-11720-01-020
UPID
US46-0606442
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.52M
Blend (final)
Blend
$3.23M
Owner & transaction history
since 2022
Last sale
$3.6M
4 recorded transactions
Zoning & alternative use
R · Apple Valley, MN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.23M
Value range
$2.90M – $3.55M
±10% around blend
Estimated value / SF
$90 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
30
$2.90M
blend $3.23M
$3.55M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,840 SF
Lot area
2.76 ac
Year built
1987
APN
01-11720-01-020
Zoning
R
Assessed value
$2,293,100
Annual tax
$65,352
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$5.72M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.0 mi away · 25,536 SF
20.6 mi away · 31,296 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.23M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 46 sales
$152
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $90/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.60M
Move the market yield to see immediate price impact.
Value / SF
$100
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$227k
$4.54M
$3.24M
$2.52M
$252k
$5.04M
$3.60M
$2.80M
$277k
$5.54M
$3.96M
$3.08M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$57k
5.9 mi · Sep 2025 · $1/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$65,352
Tax year 2023
Assessed value
$2,293,100
Assessed 2022
Previous assessed
$2,293,100
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$793,800
Assessed improvement
$1,499,300
Land market value
$793,800
Improvement market value
$1,499,300
Total market value
$2,293,100
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
16
Total area
35,840 SF
Lot
2.76 ac (120,226 SF)
Zoning code
R
APN
01-11720-01-020
UPID
US46-0606442
Jurisdiction
DAKOTA
Zoning & alternative use
R · Apple Valley, MNZoning R · permitted uses
R · Apple Valley, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
16
Lot
2.76 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R
Jurisdiction
Apple Valley, MN
Recorded code
R
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R in Apple Valley, MN.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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