New search
Property profile & analytics
FOR LEASE
Office buildings
7616 Currell Blvd, Woodbury, MN 55125
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-0213071
For Lease
1 / 2
$18 SF/Yr
7616 Currell Blvd, Woodbury, MN 55125
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
47,555 SF
Lot
4.59 ac (199,853 SF)
APN
08-028-21-42-0021
UPID
US46-0213071
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$5.45M
Owner & transaction history
Linn Investment Properties LLC · 7 yrs held
Linn Investment Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.0M
+53.3%
Medical building
$7.0M
+34.6%
Warehouse, storage
$5.5M
+5.2%
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 Woodbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbury 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,205,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,980,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$7,005,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$5,480,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$4,860,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,375,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.45M
Range $4.90M – $5.99M · ±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
$114 / 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
$186,952
Tax year 2023
Assessed value
$6,130,900
Assessed 2022
Previous assessed
$5,964,500
+2.8% YoY
Effective rate
3.05%
On assessed value
Assessed land
$1,099,200
Assessed improvement
$5,031,700
Land market value
$1,099,200
Improvement market value
$5,031,700
Total market value
$6,130,900
Applied tax rate
8,506.0000
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
1998
Heating
NONE
Buildings
1
Total area
47,555 SF
Lot
4.59 ac (199,853 SF)
APN
08-028-21-42-0021
UPID
US46-0213071
Jurisdiction
WASHINGTON
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
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$5.5M
RETAIL STORES
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1998
Heating
NONE
Buildings
1
Lot
4.59 ac
Current owner
From public records · entity-resolved
Linn Investment Properties LLC
Entity
Mailing address
7616 CURRELL BLVD STE #245, WOODBURY, MN 55125-2295
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2018
$5,565,000
Linn Investment Properties LLC
Heather Ave Property Group LLC
Limited Warranty Deed
$4,452,000 · Alerus Financial NA
Jun 3, 2015
$3,990,000
Heather Avenue Prop Group LLC
Bacm 2007-4 Office 7616 LLC
Grant Deed
—
Jul 27, 2007
$351,923
Record Owner
Dbsi Currell Centre LLC
Warranty Deed
—
Jul 2, 2007
$481,489
Webb-currell Center LLC
Drsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
$469,230
Lawson-currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
$164,230
Wisner Farms-currell Centre Ll
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
—
E Erhardt Currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
$635,807
Taylor-currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
$1,313,846
Lunden-currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
$636,517
W Buckbee-currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
$459,219
V Reda-currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
$351,123
Klitzman-currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
$703,546
M Menth-currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 25, 2007
$1,836,249
J & D Currell Centre LLC
Dbsi Currell Centre
Warranty Deed
—
Jun 25, 2007
$572,838
Walton-currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
Jun 1, 2007
$7,500,000
Dbsi Currell Centre LLC
Currell Centre LLC
Warranty Deed
—
May 22, 2007
$703,846
Bannister-currell Centre LLC
Dbsi Currell Centre LLC
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
