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Property profile & analytics
OFF-MARKET
Estimated value
$16,720,000
Manufacturing properties
7951 Powers Blvd, Chanhassen, MN 55317-9502
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-3224058
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Total area
181,405 SF
Lot
14.06 ac (612,454 SF)
APN
25-5650080
UPID
US46-3224058
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
-
IWCO Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.72M
Owner & transaction history
Steven K Mangen · 4 yrs held
Steven K Mangen
since 2022
Last sale
$19.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$25.3M
+404.6%
Commercial (general)
$20.7M
+312.3%
Restaurant
$20.6M
+309.9%
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 Chanhassen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chanhassen 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
$18,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,300,000
Change: +405% · Conversion: Difficult
COMMERCIAL (GENERAL)
$20,670,000
Change: +312% · Conversion: Difficult
RESTAURANT
$20,550,000
Change: +310% · Conversion: Difficult
MEDICAL BUILDING
$17,110,000
Change: +241% · Conversion: Difficult
RETAIL STORES
$16,530,000
Change: +230% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,355,000
Change: +226% · Conversion: Easy
Blend value · Realmo final
$16.72M
Range $15.05M – $18.39M · ±10% · vs last sale $19.50M (Mar 30 2022)
Last sale anchor
$19.50M
Mar 30 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
$92 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$425,460
Tax year 2024
Assessed value
$15,791,400
Assessed 2024
Previous assessed
$15,571,300
+1.4% YoY
Effective rate
2.69%
On assessed value
Assessed land
$2,756,000
Assessed improvement
$13,035,400
Land market value
$2,756,000
Improvement market value
$13,035,400
Total market value
$15,791,400
Applied tax rate
112.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1982
Heating
RADIANT
Buildings
4
Stories
1
Total area
181,405 SF
Lot
14.06 ac (612,454 SF)
APN
25-5650080
UPID
US46-3224058
Jurisdiction
CARVER
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
Est. value
$25.3M
COMMERCIAL (GENERAL)
Est. value
$20.7M
RESTAURANT
Est. value
$20.6M
MEDICAL BUILDING
Est. value
$17.1M
RETAIL STORES
Est. value
$16.5M
AUTO REPAIR, GARAGE
Est. value
$16.4M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1982
Heating
RADIANT
Stories
1
Buildings
4
Lot
14.06 ac
Current owner
From public records · entity-resolved
Steven K Mangen
Individual
Mailing address
180 GLASTONBURY BLVD STE #201, GLASTONBURY, CT 06033-4439
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
—
Steven K Mangen
Steven K Mangen
Intrafamily Transfer
related
$26,687,500 · Jpmorgan Chase Bank NA
Feb 7, 2005
$500
Istar Minnesota LLC
Rental Investment Ptshp LLP
Quit Claim Deed
related
—
Feb 7, 2005
$19,495,000
Istar Minnesota LLC
Carlson,e J & Linda
Grant Deed
—
—
—
Victory Envelope INC
—
Loan Modification
related
—
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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