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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Commercial real estate
8443 University NE Ave, Spring Lake Park, MN 55432-1165
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0437437
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,818 SF
Lot
1.19 ac (51,975 SF)
APN
02-30-24-21-0159
UPID
US46-0437437
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
$1.01M
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$910k
Owner & transaction history
Slp Auto Holdings LLC · 2 yrs held
Slp Auto Holdings LLC
since 2023
Last sale
$875,000
6 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 Spring Lake Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake Park 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
$965,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $875k (Jul 21 2023)
Last sale anchor
$875k
Jul 21 2023
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
$189 / 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
$30,722
Tax year 2024
Assessed value
$736,700
Assessed 2024
Previous assessed
$736,700
+0.0% YoY
Effective rate
4.17%
On assessed value
Assessed land
$315,000
Assessed improvement
$421,700
Land market value
$315,000
Improvement market value
$421,700
Total market value
$736,700
Applied tax rate
1.0000
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Cooling
EVAPORATIVE
Stories
1
Total area
4,818 SF
Lot
1.19 ac (51,975 SF)
APN
02-30-24-21-0159
UPID
US46-0437437
Jurisdiction
ANOKA
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Slp Auto Holdings LLC
Entity
Mailing address
11540 BASS LK RD STE #6, PLYMOUTH, MN 55442-1545
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
$875,000
Slp Auto Holdings LLC
Rpg Auto Mall LLC
Warranty Deed
$1,088,500 · Falcon National Bank
Jan 18, 2021
—
Rpg Auto Mall LLC
—
Deed
related
$465,000 · Royal Cu
Feb 25, 2020
$500
Rpg Auto Mall LLC
Caspian Ventures LLC
Quit Claim Deed
related
—
Jan 18, 2017
$346,740
Caspian Ventures LLC
Rto Investments LLC
Grant Deed
—
Jan 22, 2016
$435,000
Rto Investments LLC
St Kirols LLC
Dual Purpose Document
related
$348,000 · Private Individual
Apr 19, 2007
$355,222
St Kirols LLC
Garbon Properties LLP
Grant Deed
—
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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