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Property profile & analytics
OFF-MARKET
Estimated value
$4,760,000
Distribution centers
7571 215th W St Lakeville, MN 55044-9887
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0487136
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
CONCRETE
Total area
29,540 SF
Lot
3.1 ac (135,036 SF)
APN
22-11175-01-011
UPID
US46-0487136
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
-
Hearth & Home Technologies Inc Industrial Manufacturer Production Facility
-
Heat-N-Glo Hardware & Home Improvement
-
WoodPro Stoves Hardware & Home Improvement
-
Vermont Castings Hardware & Home Improvement
-
Hearth & Home Technologies Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.22M
CAP Approach
CAP
$6.00M
Comparable Approach
Comparable
$5.74M
Blend (final)
Blend
$4.76M
Owner & transaction history
Kw Holdings II LLC · 3 yrs held
Kw Holdings II LLC
since 2022
Last sale
$4.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.9M
+30.2%
Restaurant
$5.7M
+27.4%
Auto repair, garage
$5.0M
+12.1%
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 Lakeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeville 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
$4,245,000
ML approach
$4,220,000
CAP Approach
CAP Return
Estimation
6%
$6,495,000
6.5%
$5,995,000
7%
$5,565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,855,000
Change: +30% · Conversion: Moderate
RESTAURANT
$5,730,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,040,000
Change: +12% · Conversion: Easy
RETAIL STORES
$4,210,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$4,045,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.24M · ±10% · vs last sale $4.80M (Oct 31 2022)
Last sale anchor
$4.80M
Oct 31 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
$161 / 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
$78,370
Tax year 2023
Assessed value
$2,747,200
Assessed 2022
Previous assessed
$2,747,200
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$461,100
Assessed improvement
$2,286,100
Land market value
$461,100
Improvement market value
$2,286,100
Total market value
$2,747,200
Applied tax rate
22.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Total area
29,540 SF
Lot
3.1 ac (135,036 SF)
APN
22-11175-01-011
UPID
US46-0487136
Jurisdiction
DAKOTA
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
WAREHOUSE, STORAGE Current
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
RESTAURANT
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RETAIL STORES
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE 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
2007
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Lot
3.1 ac
Current owner
From public records · entity-resolved
Kw Holdings II LLC
Entity
Mailing address
PO BOX 1275, LAKEVILLE, MN 55044-1275
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
Oct 31, 2022
$4,800,000
Kw Holdings II LLC
Next Generation Ventures Mn LLC
Warranty Deed
$2,880,000 · Midcountry Bank
Sep 28, 2021
$3,660,000
Next Generation Ventures Mn LLC
Airlake Development INC
Limited Warranty Deed
$3,920,000 · Citizens Community Federal
—
—
Airlake Dev INC
—
Loan Modification
related
—
—
—
Airlake Dev INC
—
Deed Of Trust
related
$2,625,000 · Gateway Bank
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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