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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Office Spaces
7789 147th W St Apple Valley, MN 55124-7568
Entity Owned
~
Est. High Equity
Property ID
US46-1077229
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2003
Construction
WOOD FRAME
Total area
6,720 SF
Lot
1.26 ac (54,886 SF)
APN
01-14500-01-010
UPID
US46-1077229
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
$1.37M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.11M
Owner & transaction history
No 41 LLC
No 41 LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+92.8%
Auto repair, garage
$1.4M
+85.1%
Neighborhood: shopping center
$1.1M
+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 Apple Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apple Valley 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%
$1,480,000
6.5%
$1,370,000
7%
$1,270,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$735,000
Current use
RESTAURANT
$1,420,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,360,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,130,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$990,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$775,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$685,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$164 / 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
$37,160
Tax year 2023
Assessed value
$1,329,300
Assessed 2022
Previous assessed
$1,279,700
+3.9% YoY
Effective rate
2.80%
On assessed value
Assessed land
$440,700
Assessed improvement
$888,600
Land market value
$440,700
Improvement market value
$888,600
Total market value
$1,329,300
Applied tax rate
1.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2003
Construction
WOOD FRAME
Heating
NONE
Bathrooms
2
Total area
6,720 SF
Lot
1.26 ac (54,886 SF)
APN
01-14500-01-010
UPID
US46-1077229
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
$735,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$775,000
RETAIL STORES
Est. value
$685,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2003
Construction
WOOD FRAME
Heating
NONE
Bathrooms
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
No 41 LLC
Entity
Mailing address
1634 MARINA LN, EAGAN, MN 55122-2495
Ownership since
2025
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
Aug 7, 2025
$2,100,000
No 41 LLC
Patrick Wellik
Deed
$1,365,000 · Royal Cu
Aug 23, 2021
—
Seventy Seven Eighty Nine LLC
—
Deed
related
$575,804 · Old National Bank
Apr 4, 2017
—
Seventy Seven Eighty Nine LLC
—
Deed
related
$575,000 · Spedco
Mar 9, 2017
$1,400,000
Seventy Seven Eighty Nine LLC
Blomquist Wellik Investments LLC
Warranty Deed
$700,000 · Anchor Bank NA
Mar 1, 2004
$462,606
Wellick I Blomquist
Wellik,patrick
Warranty Deed
related
—
—
—
Blomquist Wellik Invs LLC
—
Loan Modification
related
$820,000 · Anchor Bk
—
—
Seventy Seven Eighty Nine LLC
—
Deed Of Trust
related
$575,000 · Spedco
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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