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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Commercial real estate
7655 Concord Blvd, Inver Grove Heights, MN 55076
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0926777
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
STEEL FRAME
Total area
9,123 SF
Lot
1.3 ac (56,628 SF)
Zoning code
R
APN
20-01100-51-020
UPID
US46-0926777
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
$1.27M
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
$856k
Blend (final)
Blend
$1.28M
Owner & transaction history
Stagecoach Storage Concord LLC · 2 yrs held
Stagecoach Storage Concord LLC
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
R · Inver Grove Heights, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+138.6%
Restaurant
$1.8M
+133.4%
Auto repair, garage
$1.6M
+105.4%
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 Inver Grove Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inver Grove Heights 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
$1,300,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
$1,805,000
6.5%
$1,665,000
7%
$1,550,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,810,000
Change: +139% · Conversion: Difficult
RESTAURANT
$1,770,000
Change: +133% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,555,000
Change: +105% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,390,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$1,300,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$810,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.28M (Dec 7 2023)
Last sale anchor
$1.28M
Dec 7 2023
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
$140 / 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
$18,488
Tax year 2023
Assessed value
$697,000
Assessed 2022
Previous assessed
$697,000
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$423,100
Assessed improvement
$273,900
Land market value
$423,100
Improvement market value
$273,900
Total market value
$697,000
Applied tax rate
20.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
NONE
Bathrooms
2
Total area
9,123 SF
Lot
1.3 ac (56,628 SF)
Zoning code
R
APN
20-01100-51-020
UPID
US46-0926777
Jurisdiction
DAKOTA
Zoning & alternative use
R · Inver Grove Heights, MN
Zoning R · permitted uses
R · Inver Grove Heights, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inver Grove Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1968
Construction
STEEL FRAME
Heating
NONE
Bathrooms
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
Stagecoach Storage Concord LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7649 CONCORD BLVD, INVER GROVE HEIGHTS, MN 55076-2732
Ownership since
2023
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 7, 2023
—
Stagecoach Storage Concord LLC
Polacek Family Limited Partnership
Quit Claim Deed
related
—
Oct 25, 2017
$1,275,000
Polacek Family Limited Partnership
Jd Trailers Properties LLC
Limited Warranty Deed
$1,087,000 · First American Bank NA
Nov 3, 2008
$1,500,000
Jd Trailers Properties LLC
Balsimo,donald P & Shelly M
Warranty Deed
$750,000 · Village Bank & Trust
Oct 31, 1996
$550,000
Donald P Balsimo
Tillson,george
Warranty Deed
related
—
—
—
Jd Trailers Properties LLC
—
Deed Of Trust
related
$532,000 · Village Bank & Trust
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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