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Property profile & analytics
OFF-MARKET
Industrial properties
81 Cleveland SE Ave, New Brighton, MN 55112-3556
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US46-0475989
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1962
Total area
15,864 SF
Lot
0.72 ac (31,363 SF)
Zoning code
J
APN
33-30-23-22-0019
UPID
US46-0475989
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Drc-81 Cleveland LLC · 12 yrs held
Drc-81 Cleveland LLC
since 2014
4 recorded transactions
Zoning & alternative use
J · New Brighton, MN
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 New Brighton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brighton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$22,134
Tax year 2023
Assessed value
$884,800
Assessed 2023
Previous assessed
$744,100
+18.9% YoY
Effective rate
2.50%
On assessed value
Assessed land
$156,800
Assessed improvement
$728,000
Land market value
$156,800
Improvement market value
$728,000
Total market value
$884,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1962
Heating
STEAM
Buildings
2
Total area
15,864 SF
Lot
0.72 ac (31,363 SF)
Zoning code
J
APN
33-30-23-22-0019
UPID
US46-0475989
Jurisdiction
RAMSEY
Zoning & alternative use
J · New Brighton, MN
Zoning J · permitted uses
J · New Brighton, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brighton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
STEAM
Buildings
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Drc-81 Cleveland LLC
Entity
Mailing address
10405 32ND AVE N, MINNEAPOLIS, MN 55441-3115
Ownership since
2014
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
Feb 6, 2014
$425,000
Drc-81 Cleveland LLC
Running Charles A Trust
Grant Deed
$225,000 · Douglas D Petty
Jan 16, 2013
$425,000
Drc-81 Cleveland LLC
Running C A Living Trust
Dual Purpose Document
$225,000 · Running Charles A Living Trust
Sep 21, 2004
$500
Running Charles A Trust
Running,charles A & Judith A
Quit Claim Deed
related
—
—
—
Judith A Running
—
Deed Of Trust
related
$196,588 · Us Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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