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Property profile & analytics
FOR LEASE
Showrooms
701 Ladybird Ln, Burnsville, MN 55337
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-0730980
For Lease
$3,940,000
701 Ladybird Ln, Burnsville, MN 55337
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1973
Construction
CONCRETE
Total area
147,560 SF
Lot
9.28 ac (404,237 SF)
Zoning code
R
APN
02-15620-01-071
UPID
US46-0730980
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
-
Zippy Shell Storage Facility
-
Gedney Foods Company Warehouse & Storage
-
Beacon Building Products Building Supply Industrial Manufacturer
-
1-800-PACK-RAT Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.94M
Owner & transaction history
B9 Polar Interstate LLC · 6 yrs held
B9 Polar Interstate LLC
since 2020
3 recorded transactions
Zoning & alternative use
R · Burnsville, MN
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 Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville 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
$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 2023Property tax & assessments
Tax year 2023
Tax billed
$184,014
Tax year 2023
Assessed value
$6,325,900
Assessed 2022
Previous assessed
$5,794,500
+9.2% YoY
Effective rate
2.91%
On assessed value
Assessed land
$1,102,400
Assessed improvement
$5,223,500
Land market value
$1,102,400
Improvement market value
$5,223,500
Total market value
$6,325,900
Applied tax rate
2.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1973
Construction
CONCRETE
Heating
NONE
Bathrooms
3
Total area
147,560 SF
Lot
9.28 ac (404,237 SF)
Zoning code
R
APN
02-15620-01-071
UPID
US46-0730980
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Bathrooms
3
Lot
9.28 ac
Current owner
From public records · entity-resolved
B9 Polar Interstate LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
—
B9 Polar Interstate LLC
—
Deed
related
$860,000 · Morgan Stanley Bank NA
Oct 5, 2020
—
B9 Polar Interstatte LLC
—
Deed
related
$9,023,256 · Bank Of America NA
Apr 10, 2020
$10,800,000
B9 Polar Interstate LLC
Csm Lakeside LP LLP
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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