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Property profile & analytics
OFF-MARKET
Estimated value
$7,730,000
Industrial properties
7400 49th N Ave, New Hope, MN 55428-4258
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0594278
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Construction
CONCRETE
Lot
6.07 ac (264,409 SF)
APN
08-118-21-24-0011
UPID
US46-0594278
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.73M
Owner & transaction history
7400 Building LLC · 3 yrs held
7400 Building LLC
since 2022
Last sale
$7.8M
5 recorded transactions
Zoning & alternative use
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 New Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hope 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
$7,615,000
ML approach
$7,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.73M
Range $6.96M – $8.50M · ±10% · vs last sale $7.75M (Dec 28 2022)
Last sale anchor
$7.75M
Dec 28 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
—
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
$224,272
Tax year 2023
Assessed value
$6,843,000
Assessed 2023
Previous assessed
$6,843,000
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$1,466,000
Assessed improvement
$5,377,000
Land market value
$1,466,000
Improvement market value
$5,377,000
Total market value
$6,843,000
Applied tax rate
281.0000
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
1994
Construction
CONCRETE
Heating
SPACE
Cooling
CENTRAL
Lot
6.07 ac (264,409 SF)
APN
08-118-21-24-0011
UPID
US46-0594278
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Lot
6.07 ac
Current owner
From public records · entity-resolved
7400 Building LLC
Entity
Mailing address
14025 23RD AVE N STE E, PLYMOUTH, MN 55447-4922
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
$7,750,000
7400 Building LLC
7400 49th Partners LLC
Warranty Deed
$3,500,000 · American Federal Bank
Apr 17, 2017
$4,900,000
7400 49th Partners LLC
Provident Rev 1 LLC
Warranty Deed
$3,920,000 · Klein Bk
Sep 5, 2013
$5,000,000
Provident Rev 1 LLC
Cambridge Apartments INC
Warranty Deed
$3,250,000 · Bell State Bank & Trust
Sep 4, 1998
$4,375,000
Cambridge Apartments INC
New Hope LLP
Grant Deed
$3,250,000 · American United Life Insurance
—
—
7400 49th Partners LLC
—
Deed Of Trust
related
$700,000 · Klein 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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