Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,695,000
Apartment buildings
7190 Silver Lk Rd Mounds View, MN 55112-4431
Entity Owned
4-yr Hold
Property ID
US46-0097260
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD FRAME
Total area
21,546 SF
Lot
2.11 ac (91,912 SF)
Zoning code
C
APN
07-30-23-31-0021
UPID
US46-0097260
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
$4.77M
CAP Approach
CAP
$4.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.70M
Owner & transaction history
Silverwood Flats LLC · 4 yrs held
Silverwood Flats LLC
since 2022
Last sale
$5.8M
4 recorded transactions
Zoning & alternative use
C · Mounds View, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
§ 160.071 ZONING MAP.
Top alternative use upside
Restaurant
$4.6M
+129.6%
Auto repair, garage
$4.4M
+120.4%
Neighborhood: shopping center
$3.6M
+82.5%
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 Mounds View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mounds View 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
$4,690,000
ML approach
$4,765,000
CAP Approach
CAP Return
Estimation
6%
$4,820,000
6.5%
$4,450,000
7%
$4,130,000
Alternative Use
Use
Estimation
RESTAURANT
$4,550,000
Change: +130% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,365,000
Change: +120% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,615,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$3,175,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±10% · vs last sale $5.75M (Feb 22 2022)
Last sale anchor
$5.75M
Feb 22 2022
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
$218 / 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
$74,882
Tax year 2023
Assessed value
$5,577,500
Assessed 2023
Previous assessed
$5,577,500
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$800,000
Assessed improvement
$4,777,500
Land market value
$800,000
Improvement market value
$4,777,500
Total market value
$5,577,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Construction
WOOD FRAME
Heating
YES
Buildings
4
Units
23
Total area
21,546 SF
Lot
2.11 ac (91,912 SF)
Zoning code
C
APN
07-30-23-31-0021
UPID
US46-0097260
Jurisdiction
RAMSEY
Zoning & alternative use
C · Mounds View, MNZoning C · permitted uses
C · Mounds View, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 160.071 ZONING MAP.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.2M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1968
Construction
WOOD FRAME
Heating
YES
Buildings
4
Units
23
Lot
2.11 ac
Current owner
From public records · entity-resolved
Silverwood Flats LLC
Entity
Mailing address
6909 WINNETKA AVE N, BROOKLYN PARK, MN 55428-1777
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
$5,750,000
Silverwood Flats LLC
Levitan Silverwood LLC
Limited Warranty Deed
$4,462,500 · Bridgewater Bank
Jan 24, 2001
—
LP Levitan
Levitan,alexander A & Lucy K
Quit Claim Deed
related
—
Aug 17, 2000
$500
Alexander A Levitan
Thorpe,glenn C & Janey D
Quit Claim Deed
related
—
Aug 17, 2000
$750,000
Levitan,alexander A
Coulter,thomas B & Irene J
Trustees 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?”
You own 7190 Silver Lk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
