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Property profile & analytics
OFF-MARKET
Estimated value
$11,600,000
Office buildings
8 Pne Tree Dr, Arden Hills, MN 55112-3744
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-0939508
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Total area
68,113 SF
Lot
3.01 ac (131,246 SF)
Zoning code
C
APN
34-30-23-11-0023
UPID
US46-0939508
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
$9.35M
CAP Approach
CAP
$13.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.60M
Owner & transaction history
Northpark Cc LLC · 5 yrs held
Northpark Cc LLC
since 2020
Last sale
$12.2M
6 recorded transactions
Zoning & alternative use
C · Arden Hills, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.4M
+92.8%
Auto repair, garage
$13.8M
+85.1%
Neighborhood: shopping center
$11.4M
+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 Arden Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden Hills 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
$10,975,000
ML approach
$9,350,000
CAP Approach
CAP Return
Estimation
6%
$14,380,000
6.5%
$13,275,000
7%
$12,325,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,455,000
Current use
RESTAURANT
$14,380,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,805,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,430,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$10,035,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$7,845,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$6,965,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$11.60M
Range $10.44M – $12.76M · ±10% · vs last sale $12.20M (Nov 19 2020)
Last sale anchor
$12.20M
Nov 19 2020
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
$170 / 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
$104,510
Tax year 2023
Assessed value
$3,573,500
Assessed 2023
Previous assessed
$3,481,100
+2.7% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,575,000
Assessed improvement
$1,998,500
Land market value
$1,575,000
Improvement market value
$1,998,500
Total market value
$3,573,500
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Heating
STEAM
Buildings
3
Total area
68,113 SF
Lot
3.01 ac (131,246 SF)
Zoning code
C
APN
34-30-23-11-0023
UPID
US46-0939508
Jurisdiction
RAMSEY
Zoning & alternative use
C · Arden Hills, MN
Zoning C · permitted uses
C · Arden Hills, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.5M
RESTAURANT
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$13.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
MEDICAL BUILDING
Est. value
$10.0M
WAREHOUSE, STORAGE
Est. value
$7.8M
RETAIL STORES
Est. value
$7.0M
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
1985
Heating
STEAM
Buildings
3
Lot
3.01 ac
Current owner
From public records · entity-resolved
Northpark Cc LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4200 S HULEN ST STE #410, FORT WORTH, TX 76109-4914
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2020
$12,200,000
Northpark Cc LLC
Lsref4 Bison LLC
Grant Deed
—
Jul 22, 2020
—
Lsref4 Bison LLC
—
Deed
related
$143,008,381 · Citibank
Apr 27, 2006
$250,000
Iret Properties
Bushaw,ronald L & Lowella S
Warranty Deed
—
Sep 14, 1998
$91,500
Rachael M Meuwissen
Pysick,maureen
Grant Deed
$91,411 · Norwest Mortgage INC
Sep 14, 1998
$13,050,000
United Properties Invest Co
Northpark Commercial Prop Ltd
Quit Claim Deed
related
—
—
—
Lsref4 Bison LLC
—
Deed Of Trust
related
$143,008,381 · Citibank
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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