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Property profile & analytics
OFF-MARKET
Estimated value
$12,175,000
Hospitals
825 1st NW Ave, New Brighton, MN 55112-6846
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0990857
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1967
Total area
49,090 SF
Lot
2.11 ac (91,912 SF)
Zoning code
C
APN
28-30-23-22-0002
UPID
US46-0990857
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
$12.18M
CAP Approach
CAP
$9.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.18M
Owner & transaction history
825 1st Ave Nw LLC · 2 yrs held
825 1st Ave Nw LLC
since 2024
Last sale
$12.2M
3 recorded transactions
Zoning & alternative use
C · New Brighton, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.4M
+43.3%
Auto repair, garage
$10.0M
+37.6%
Neighborhood: shopping center
$8.2M
+13.9%
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 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
Method
Estimation
Statistic approach
$12,175,000
ML approach
$12,175,000
CAP Approach
CAP Return
Estimation
6%
$10,495,000
6.5%
$9,690,000
7%
$8,995,000
Alternative Use
Use
Estimation
RESTAURANT
$10,365,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,950,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,240,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$12.18M
Range $10.96M – $13.39M · ±10% · vs last sale $12.17M (Mar 7 2024)
Last sale anchor
$12.17M
Mar 7 2024
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
$248 / 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
$51,932
Tax year 2023
Assessed value
$3,664,800
Assessed 2023
Previous assessed
$3,664,800
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$459,600
Assessed improvement
$3,205,200
Land market value
$459,600
Improvement market value
$3,205,200
Total market value
$3,664,800
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1967
Heating
YES
Buildings
3
Total area
49,090 SF
Lot
2.11 ac (91,912 SF)
Zoning code
C
APN
28-30-23-22-0002
UPID
US46-0990857
Jurisdiction
RAMSEY
Zoning & alternative use
C · New Brighton, MN
Zoning C · permitted uses
C · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$10.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1967
Heating
YES
Buildings
3
Lot
2.11 ac
Current owner
From public records · entity-resolved
825 1st Ave Nw LLC
Entity
Mailing address
638 SOUTHBEND AVE, MANKATO, MN 56001-2168
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$12,174,864
825 1st Ave Nw LLC
New Brighton Realty Holdings LLC
Warranty Deed
$72,000,000 · Merchants Bank Of Indiana
Jan 18, 2023
—
New Brighton Realty Holdings II LLC
Less New Brighton Realty Holdings L
Intrafamily Transfer
related
—
—
—
Ehf New Brigthon Re LLC
—
Deed Of Trust
related
$35,000,000 · Private Bank & Trust Co
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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