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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Strip malls
7145 Pt Douglas S Rd Cottage Grove, MN 55016-3045
Entity Owned
Absentee Owner
Free & Clear
Property ID
US46-0923701
Property summary
AI-generated overview
Gateway Center, a single-story, multi-tenant retail center in Cottage Grove, Minnesota, offers a prime retail space opportunity. Built in 2022, this 12,950 square foot property is situated at 7145 E Point Douglas Rd S, conveniently located off Highway 61 at the intersection of 80th Street and East Point Douglas Road. The property features one building with a total of 12,950 square feet, with 1,527 square feet currently vacant and available for lease. This space presents a fantastic opportunity for businesses seeking high visibility and convenient access for customers. The center enjoys a strategic location near established businesses such as Walgreens and Huntington (TCF) Bank, ensuring high foot traffic and brand synergy. The property's address is 7145 E Point Douglas Rd S, Cottage Grove, MN 55016, with the APN number 17-027-21-22-0030 in Washington County. This is a single-story building, offering easy accessibility and ample space for various retail uses. The property's prime location and proximity to major roadways make it an ideal choice for businesses looking to establish a strong presence in the Cottage Grove market. The available space is ready for immediate occupancy.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
13,662 SF
Lot
1.73 ac (75,141 SF)
APN
17-027-21-22-0030
UPID
US46-0923701
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
-
Loan Till Payday Online Loan Service
-
Domino's Pizza Take-out & Catering
-
Dr. Jay Wanken Alternative Medicine Practice
-
$5 Tan - Cottage Grove Tanning Salon
-
Pure Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$550k
Owner & transaction history
GATEWAY CENTER LLC
GATEWAY CENTER LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$825,000
+75.2%
Retail stores
$825,000
+74.8%
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 Cottage Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cottage Grove 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Current use
COMMERCIAL (GENERAL)
$825,000
Change: +75% · Conversion: Easy
RETAIL STORES
$825,000
Change: +75% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$40 / 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
$94,416
Tax year 2023
Assessed value
$3,098,300
Assessed 2022
Previous assessed
$3,098,300
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$788,700
Assessed improvement
$2,309,600
Land market value
$788,700
Improvement market value
$2,309,600
Total market value
$3,098,300
Applied tax rate
1,904.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
1
Total area
13,662 SF
Lot
1.73 ac (75,141 SF)
APN
17-027-21-22-0030
UPID
US46-0923701
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$825,000
RETAIL STORES
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Buildings
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
GATEWAY CENTER LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2655 CHESHIRE LN N, PLYMOUTH, MN 55447-4906
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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