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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Retail space
80 78th St, Chanhassen, MN 55317-9772
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-1470774
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Total area
20,568 SF
Lot
2.68 ac (116,741 SF)
APN
25-6860021
UPID
US46-1470774
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
-
Kenneth F. Reed, PhD Physician Medical Clinic
-
Rogers Chiropractic Clinic Alternative Medicine Practice
-
Goodwill - Chanhassen Discount Store
-
Lakeside Mortgage Corporation Loan Service Bank
-
Rubin Mindfulness Center Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.23M
Owner & transaction history
80 78th Street West LLC · 3 yrs held
80 78th Street West LLC
since 2023
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+53.0%
Commercial (general)
$2.3M
+25.0%
Restaurant
$2.3M
+24.3%
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 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
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
RETAIL STORES
$1,875,000
Current use
OFFICE BUILDING
$2,870,000
Change: +53% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,345,000
Change: +25% · Conversion: Easy
RESTAURANT
$2,330,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$1,940,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,855,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$108 / 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
$77,200
Tax year 2024
Assessed value
$3,077,000
Assessed 2024
Previous assessed
$2,870,400
+7.2% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,109,500
Assessed improvement
$1,967,500
Land market value
$1,109,500
Improvement market value
$1,967,500
Total market value
$3,077,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Heating
NONE
Total area
20,568 SF
Lot
2.68 ac (116,741 SF)
APN
25-6860021
UPID
US46-1470774
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
RETAIL STORES Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2012
Heating
NONE
Lot
2.68 ac
Current owner
From public records · entity-resolved
80 78th Street West LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 390448, MINNEAPOLIS, MN 55439-0448
Ownership since
2023
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
May 16, 2023
—
80 78th Street West LLC
3200 Minnehaha Avenue South LLC
Quit Claim Deed
—
Apr 20, 2023
—
3413 Portland Avenue South LLC
80 78th Street West LLC
Warranty Deed
—
Oct 28, 2022
$5,722,000
80 78th Street West LLC
Chanhassen Holdings LLC
Warranty Deed
$4,742,000 · Lake Community Bank
Nov 15, 2012
$3,820,727
Chanhassen Holdings LLC
80 West 78th Street LLC
Warranty Deed
related
$2,460,000 · Symetra Life Insurance Co
Jul 9, 1993
$940,000
Clifford L Whitehill
Partnership Chanhassen Center
Warranty Deed
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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