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Property profile & analytics
FOR LEASE
Office buildings
7650 Currell Blvd, Woodbury, MN 55125
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-0459369
For Lease
1 / 3
$5,600,000
7650 Currell Blvd, Woodbury, MN 55125
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
41,655 SF
Lot
3.17 ac (137,955 SF)
APN
08-028-21-43-0003
UPID
US46-0459369
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
$5.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.53M
Blend (final)
Blend
$5.60M
Owner & transaction history
C A Norgren LLC · 4 yrs held
C A Norgren LLC
since 2022
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.8M
+92.8%
Auto repair, garage
$8.4M
+85.1%
Neighborhood: shopping center
$7.0M
+53.3%
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
$5,065,000
ML approach
$5,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,560,000
Current use
RESTAURANT
$8,795,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,440,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,990,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$6,135,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$4,800,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$4,260,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,830,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.60M
Range $5.04M – $6.16M · ±10% · vs last sale $5.95M (Jan 27 2022)
Last sale anchor
$5.95M
Jan 27 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
$134 / 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
$140,974
Tax year 2023
Assessed value
$4,637,400
Assessed 2022
Previous assessed
$3,948,200
+17.5% YoY
Effective rate
3.04%
On assessed value
Assessed land
$724,100
Assessed improvement
$3,913,300
Land market value
$724,100
Improvement market value
$3,913,300
Total market value
$4,637,400
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
1986
Heating
NONE
Buildings
1
Total area
41,655 SF
Lot
3.17 ac (137,955 SF)
APN
08-028-21-43-0003
UPID
US46-0459369
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
$4.6M
RESTAURANT
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1986
Heating
NONE
Buildings
1
Lot
3.17 ac
Current owner
From public records · entity-resolved
C A Norgren LLC
Entity
Free & Clear · 4 yrs held
Mailing address
505 E GRANT ST, MINNEAPOLIS, MN 55404-1411
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
—
C A Norgren LLC
The Norgren Group LLC
Limited Warranty Deed
—
Jan 27, 2022
$5,950,000
A Hamilton Properties LLC
S N Griffith LLC
Limited Warranty Deed
—
Dec 3, 2019
$500
Norgren Group LLC
Lte 9000 LLC
Quit Claim Deed
related
$3,500,000 · Miscellaneous Ins Co
May 2, 2019
—
Lte 9000 LLC
—
Deed
related
$200,000 · Tradition Cap Bk
Apr 6, 2017
$3,515,161
Lte 9000 LLC
7650 Currell Boulevard LLC
Limited Warranty Deed
$2,810,000 · Tradition Capital Bank
Dec 31, 2014
$2,338,450
7650 Currell Boulevard LLC
Thrivent Financial Of Lutherans
Grant Deed
—
—
—
Lte 9000 LLC
—
Deed Of Trust
related
$200,000 · Tradition Cap 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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