New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,370,000
Commercial real estate
800 Wayzata E Blvd, Wayzata, MN 55391-1764
Entity Owned
Free & Clear
Property ID
US46-0790068
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Construction
CONCRETE
Lot
0.52 ac (22,651 SF)
APN
06-117-22-13-0108
UPID
US46-0790068
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
$3.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
New York Avenue LLC
New York Avenue LLC
since 2025
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wayzata submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayzata 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
$3,735,000
ML approach
$3,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±10% · vs last sale $3.10M (May 6 2025)
Last sale anchor
$3.10M
May 6 2025
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
—
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
$109,920
Tax year 2023
Assessed value
$3,900,000
Assessed 2023
Previous assessed
$3,365,000
+15.9% YoY
Effective rate
2.82%
On assessed value
Assessed land
$914,000
Assessed improvement
$2,986,000
Land market value
$914,000
Improvement market value
$2,986,000
Total market value
$3,900,000
Applied tax rate
284.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
STEAM
Cooling
CENTRAL
Lot
0.52 ac (22,651 SF)
APN
06-117-22-13-0108
UPID
US46-0790068
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Construction
CONCRETE
Heating
STEAM
Cooling
Yes
Lot
0.52 ac
Current owner
From public records · entity-resolved
New York Avenue LLC
Entity
Free & Clear · 0 yrs held
Mailing address
400 WATER ST STE #200, EXCELSIOR, MN 55331-3001
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
—
New York Avenue LLC
—
Deed
related
$3,500,000 · First Resource Bank
Aug 6, 2025
$3,100,000
New York Avenue LLC
Wsp Wayzata LLC
Deed
—
Jun 23, 2025
—
Wireless Propco LLC
—
Deed
related
$200,000,000 · Wilmington Trust NA
Feb 11, 2025
—
Wsp Wayzata LLC
—
Deed
related
$2,340,000 · Alerus Financial NA
Jan 28, 2020
—
816 Wayzata Associates LLC
816 Wayzata Associates
Quit Claim Deed
related
—
Jan 28, 2020
$500
816 Wayzata Associates LLC
816 Wayzata Associates
Quit Claim Deed
related
—
Jan 28, 2020
$3,600,000
Wsp Wayzata LLC
816 Wayzata Associates LLC
Limited Warranty Deed
$2,340,000 · Alerus Financial NA
Mar 27, 2019
—
816 Wayzata Associates LLC
—
Deed
related
$286,914 · Steve N Arend
—
—
816 Wayzata Associates LLC
—
Deed Of Trust
related
$1,033,646 · Copeland Robert R (te)
—
—
816 Wayzata Associates LLC
—
Deed Of Trust
related
$589,892 · Lee C Harren
—
—
816 Wayzata Associates LLC
—
Deed Of Trust
related
$391,009 · Dennis G Peterson
—
—
816 Wayzata Associates LLC
—
Deed Of Trust
related
$286,914 · Steve N Arend
—
—
816 Wayzata Associates LLC
—
Deed Of Trust
related
$205,252 · Donald A Weber
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 800 Wayzata E Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
