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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Office buildings
7580 160th W St Lakeville, MN 55044-8348
Entity Owned
10-yr Hold
Free & Clear
Property ID
US46-0512792
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
CONCRETE
Total area
16,861 SF
Lot
1.47 ac (64,033 SF)
APN
22-16775-01-020
UPID
US46-0512792
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
-
Minda Sanborn Marriage Or Relationship Counselor Practitioner Service Location
-
Naomi Drenk Foster Care Service Social Service Agency
-
Jill Ell Physician
-
Katherine Patras Legut Marriage Or Relationship Counselor Practitioner Service Location
-
Mallory Kurkosky Practitioner Service Location Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.46M
Owner & transaction history
Drfc Lakeville Crossings LLC · 10 yrs held
Drfc Lakeville Crossings LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+44.7%
Restaurant
$3.3M
+41.6%
Auto repair, garage
$2.9M
+24.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,720,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,310,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,345,000
Change: +45% · Conversion: Difficult
RESTAURANT
$3,270,000
Change: +42% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,880,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,570,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,405,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$146 / 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
$64,894
Tax year 2023
Assessed value
$2,379,900
Assessed 2022
Previous assessed
$2,335,700
+1.9% YoY
Effective rate
2.73%
On assessed value
Assessed land
$550,100
Assessed improvement
$1,829,800
Land market value
$550,100
Improvement market value
$1,829,800
Total market value
$2,379,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
16,861 SF
Lot
1.47 ac (64,033 SF)
APN
22-16775-01-020
UPID
US46-0512792
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
OFFICE BUILDING Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
2004
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
1.47 ac
Current owner
From public records · entity-resolved
Drfc Lakeville Crossings LLC
Entity
Free & Clear · 10 yrs held
Mailing address
7101 W 78TH ST, MINNEAPOLIS, MN 55439-2524
Ownership since
2015
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
Nov 17, 2015
$2,550,000
Drfc Lakeville Crossings LLC
Lakeville Crossing Li LLC
Warranty Deed
related
—
May 21, 2004
$500
Lakeville Crossing II LLC
Lakeville Crossing LLC
Quit Claim Deed
related
—
—
—
Lakeville Crossing II LLC
—
Deed Of Trust
related
$11,000,000 · Jefferson-pilot Life Insurance
—
—
Drfc Lakeville Crossing LLC
—
Deed Of Trust
related
$2,408,000 · Bremer 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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