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Property profile & analytics
FOR LEASE
Office buildings
7275 W 147Th St, Apple Valley, MN 55124
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0597025
For Lease
1 / 2
$640,000
7275 W 147Th St, Apple Valley, MN 55124
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
CONCRETE
Total area
9,661 SF
Lot
0.96 ac (41,818 SF)
Zoning code
R
APN
01-11730-04-011
UPID
US46-0597025
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
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$640k
Owner & transaction history
Clear Choice Property Management Ll · 5 yrs held
Clear Choice Property Management Ll
since 2021
5 recorded transactions
Zoning & alternative use
R · Apple Valley, 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 Apple Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apple Valley 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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,060,000
Current use
RETAIL STORES
$990,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$890,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$66 / 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
$27,762
Tax year 2023
Assessed value
$1,008,000
Assessed 2022
Previous assessed
$988,800
+1.9% YoY
Effective rate
2.75%
On assessed value
Assessed land
$317,100
Assessed improvement
$690,900
Land market value
$317,100
Improvement market value
$690,900
Total market value
$1,008,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Total area
9,661 SF
Lot
0.96 ac (41,818 SF)
Zoning code
R
APN
01-11730-04-011
UPID
US46-0597025
Jurisdiction
DAKOTA
Zoning & alternative use
R · Apple Valley, MN
Zoning R · permitted uses
R · Apple Valley, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apple Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$990,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$890,000
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1988
Construction
CONCRETE
Heating
NONE
Bathrooms
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Clear Choice Property Management Ll
Entity
Mailing address
715 FLORIDA AVE S STE #306, GOLDEN VALLEY, MN 55426-1759
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
—
Clear Choice Property Management Ll
Charles E Savitt
Deed
$463,000 · Sunrise Banks NA
Dec 12, 2016
—
Leonard R Savitt
—
Deed
related
$600,000 · Ftg Properties LLC
Apr 11, 2007
—
Leonard R Savitt
Ftg Properties LLC
Grant Deed
related
—
—
—
Leonard R Savitt
—
Loan Modification
related
$600,000 · Ftg Properties LLC
—
—
Ftg Properties LLC
—
Deed Of Trust
related
$245,453 · Anchor Bank West St Paul NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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