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Property profile & analytics
OFF-MARKET
Estimated value
$6,095,000
Industrial properties
7925 215th W St Lakeville, MN 55044-9016
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0675589
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Construction
CONCRETE
Total area
62,305 SF
Lot
4.18 ac (182,081 SF)
APN
22-11050-01-010
UPID
US46-0675589
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
Current use
Occupant on record · Public records
-
J & E/Earll Manufacturing Industrial Manufacturer Production Facility
-
J&E Mfg Co Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.63M
Blend (final)
Blend
$6.10M
Owner & transaction history
Store Master Funding Xxiv LLC · 3 yrs held
Store Master Funding Xxiv LLC
since 2022
Last sale
$6.9M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.5M
+80.9%
Retail stores
$8.9M
+69.3%
Office building
$8.5M
+62.7%
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 Lakeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeville 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
$6,080,000
ML approach
$6,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,245,000
Current use
WAREHOUSE, STORAGE
$9,490,000
Change: +81% · Conversion: Easy
RETAIL STORES
$8,880,000
Change: +69% · Conversion: Moderate
OFFICE BUILDING
$8,535,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,315,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$6.10M
Range $5.49M – $6.70M · ±10% · vs last sale $6.87M (Sep 2 2022)
Last sale anchor
$6.87M
Sep 2 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
$98 / 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
$94,024
Tax year 2023
Assessed value
$3,284,000
Assessed 2022
Previous assessed
$3,284,000
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$682,400
Assessed improvement
$2,601,600
Land market value
$682,400
Improvement market value
$2,601,600
Total market value
$3,284,000
Applied tax rate
22.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Total area
62,305 SF
Lot
4.18 ac (182,081 SF)
APN
22-11050-01-010
UPID
US46-0675589
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$9.5M
RETAIL STORES
Est. value
$8.9M
OFFICE BUILDING
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
INDUSTRIAL (GENERAL) Current
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
1976
Construction
CONCRETE
Heating
NONE
Bathrooms
5
Lot
4.18 ac
Current owner
From public records · entity-resolved
Store Master Funding Xxiv LLC
Entity
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$6,870,000
Store Master Funding Xxiv LLC
Etwtl LLC
Limited Warranty Deed
$6,970,000 · Citibank NA
Sep 2, 2022
—
J & E Manufacturing LLC
Store Master Funding Xxiv LLC
Lease
—
Mar 13, 2017
—
J & E Real Estate Holdings LLC
—
Deed
related
$1,221,525 · Anchor Bk
—
—
J & E Real Estate Holdings LLC
—
Loan Modification
related
$1,290,000 · Anchor Bk
—
—
J & E Real Estate Holdings LLC
—
Loan Modification
related
$1,221,525 · Anchor 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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