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Property profile & analytics
FOR LEASE
Strip malls
8711 E Point Douglas Rd Cottage Grove, MN 55016
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0607517
For Lease
1 / 2
$4,085,000
8711 E Point Douglas Rd, Cottage Grove, MN 55016
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Total area
31,641 SF
Lot
3.67 ac (159,865 SF)
APN
21-027-21-12-0012
UPID
US46-0607517
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
-
Sally Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
-
Dr. Kurtis Klotzbuecher, DDS Dental Office
-
Ashland Credit Union Credit Union
-
Cassini's Pizza Restaurant
-
Pet Food Outlet (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.09M
Owner & transaction history
Osborne Properties Limited Partners · 2 yrs held
Osborne Properties Limited Partners
since 2023
Last sale
$3.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+300.9%
Office building
$4.2M
+281.4%
Restaurant
$2.7M
+151.3%
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 Cottage Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cottage Grove 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
$4,625,000
ML approach
$4,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,375,000
Change: +301% · Conversion: Difficult
OFFICE BUILDING
$4,165,000
Change: +281% · Conversion: Moderate
RESTAURANT
$2,745,000
Change: +151% · Conversion: Difficult
Blend value · Realmo final
$4.09M
Range $3.68M – $4.49M · ±10% · vs last sale $3.54M (Aug 25 2023)
Last sale anchor
$3.54M
Aug 25 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
$129 / 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
$159,118
Tax year 2023
Assessed value
$5,167,000
Assessed 2022
Previous assessed
$5,167,000
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$1,279,000
Assessed improvement
$3,888,000
Land market value
$1,279,000
Improvement market value
$3,888,000
Total market value
$5,167,000
Applied tax rate
1,904.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1991
Heating
NONE
Buildings
1
Total area
31,641 SF
Lot
3.67 ac (159,865 SF)
APN
21-027-21-12-0012
UPID
US46-0607517
Jurisdiction
WASHINGTON
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
AUTO REPAIR, GARAGE
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.2M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
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
1991
Heating
NONE
Buildings
1
Lot
3.67 ac
Current owner
From public records · entity-resolved
Osborne Properties Limited Partners
Entity
Free & Clear · 2 yrs held
Mailing address
501 S 8TH ST, MINNEAPOLIS, MN 55404-1030
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
$3,543,761
Osborne Properties Limited Partners
Ea 394 Associates LLC
Limited Warranty Deed
—
Dec 30, 2016
—
Geller Properties LLC Etal
—
Deed
related
$3,952,000 · Border St Bk
Feb 12, 2007
$5,072,000
Ea 394 Associates LLC
Ralph & Elsie Turnquist Family
Warranty Deed
—
—
—
Geller Properties LLC Etal
—
Deed Of Trust
related
$3,952,000 · Border St Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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