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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Industrial properties
730 Lund Blvd, Anoka, MN 55303-1187
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0240443
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,992 SF
Lot
1.9 ac (82,764 SF)
Zoning code
M-1
APN
36-32-25-32-0014
UPID
US46-0240443
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
-
TSBL Distributing Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$1.92M
Owner & transaction history
730 Lund Holdings LLC · 4 yrs held
730 Lund Holdings LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
M-1 · Anoka, 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 Anoka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anoka 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
$2,070,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,265,000
Current use
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10% · vs last sale $1.75M (Dec 16 2021)
Last sale anchor
$1.75M
Dec 16 2021
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
$80 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$54,931
Tax year 2024
Assessed value
$2,073,700
Assessed 2024
Previous assessed
$2,073,700
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$270,700
Assessed improvement
$1,803,000
Land market value
$270,700
Improvement market value
$1,803,000
Total market value
$2,073,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
EVAPORATIVE
Stories
1
Total area
23,992 SF
Lot
1.9 ac (82,764 SF)
Zoning code
M-1
APN
36-32-25-32-0014
UPID
US46-0240443
Jurisdiction
ANOKA
Zoning & alternative use
M-1 · Anoka, MN
Zoning M-1 · permitted uses
M-1 · Anoka, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anoka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
730 Lund Holdings LLC
Entity
Mailing address
11381 53RD ST NE, ALBERTVILLE, MN 55301-3902
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
—
731 Lund Investments LLC
—
Deed
related
$950,000 · Platinum Bank
Dec 16, 2021
$1,750,000
730 Lund Holdings LLC
Building Bones LLC
Warranty Deed
$1,920,000 · Platinum Bank
Feb 13, 2017
—
Building Bones LLC
—
Deed
related
$455,233 · Northeast Bk
Dec 30, 2011
$900,000
Building Bones LLC
Riou Operating 1 LLC
Grant Deed
$543,500 · 21st Century Bank
Aug 1, 2011
—
Riou Operating 1 LLC
Klein Bk
Grant Deed
related
—
Aug 5, 2010
$1,091,038
Bk Klein
Sheriff Of Anoka County
Trustees Deed
related
—
—
—
Building Bones LLC
—
Deed Of Trust
related
$448,000 · Twin Cities-metro Cert Dev Co
—
—
Building Bones LLC
—
Deed Of Trust
related
$455,233 · Northeast Bk
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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