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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Apartment buildings
7666 Woodlawn Dr, Mounds View, MN 55112-4070
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0931310
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD FRAME
Total area
6,720 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C
APN
08-30-23-22-0029
UPID
US46-0931310
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
$658k
Blend (final)
Blend
$645k
Owner & transaction history
Morrow Partners INC · 13 yrs held
Morrow Partners INC
since 2012
2 recorded transactions
Zoning & alternative use
C · Mounds View, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$990,000
+60.2%
Warehouse, storage
$775,000
+25.3%
Office building
$735,000
+19.1%
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 Mounds View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mounds View 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
APARTMENT HOUSE (5+ UNITS)
$620,000
Current use
MEDICAL BUILDING
$990,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$775,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$685,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$96 / 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
$14,350
Tax year 2023
Assessed value
$910,800
Assessed 2023
Previous assessed
$910,800
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$160,000
Assessed improvement
$750,800
Land market value
$160,000
Improvement market value
$750,800
Total market value
$910,800
Applied tax rate
621.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
WINDOW A/C
Units
8
Total area
6,720 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C
APN
08-30-23-22-0029
UPID
US46-0931310
Jurisdiction
RAMSEY
Zoning & alternative use
C · Mounds View, MN
Zoning C · permitted uses
C · Mounds View, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mounds View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$620,000
MEDICAL BUILDING
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$775,000
OFFICE BUILDING
Est. value
$735,000
RETAIL STORES
Est. value
$685,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1972
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Units
8
Lot
0.46 ac
Current owner
From public records · entity-resolved
Morrow Partners INC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 2068, STILLWATER, MN 55082
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2012
$280,000
Morrow Partners INC
Delaney,patrick R & Julann M
Warranty Deed
—
—
—
Morrow Partners INC
—
Deed Of Trust
related
$10,000 · Center For Energy & Environmen
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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