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Property profile & analytics
FOR LEASE
Strip malls
9041 Broderick Blvd, Inver Grove Heights, MN 55076
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0863772
For Lease
1 / 12
$17 SF/Yr
9041 Broderick Blvd, Inver Grove Heights, MN 55076
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Property summary
AI-generated overview
This exceptional retail storefront opportunity is located within the Arbor Pointe Commons in Inver Grove Heights, Minnesota. The space, totaling 1,660 contiguous square feet, is immediately available and presents a fantastic chance for a business seeking a high-visibility location. The property is zoned PUD (Planned Unit Development) and features a total building size of 5,377 square feet, with multiple tenancies. The address is 9041 Broderick Blvd, Inver Grove Heights, MN 55076, situated in Dakota County. The minimum divisible space is 1,660 square feet, matching the maximum contiguous space currently available. This end-cap space offers excellent visibility and accessibility. The net lease rate is $17 per square foot, with a CAM and tax rate of $11 per square foot. Further rate details, floor plans, and additional information are available upon request. The property's APN is 20-11861-01-020. This is an ideal location for a variety of retail businesses seeking a strong presence in a thriving community. Don't miss this chance to secure a prime retail space in a desirable area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
CONCRETE
Total area
9,000 SF
Lot
1.19 ac (51,836 SF)
APN
20-11861-01-020
UPID
US46-0863772
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
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$940k
Owner & transaction history
Igh Baugus Holdings LLC · 3 yrs held
Igh Baugus Holdings LLC
since 2022
Last sale
$1.0M
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 Inver Grove Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inver Grove Heights 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
$885,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,535,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $1.00M (Sep 22 2022)
Last sale anchor
$1.00M
Sep 22 2022
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
$104 / 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
$25,984
Tax year 2023
Assessed value
$954,700
Assessed 2022
Previous assessed
$954,700
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$483,400
Assessed improvement
$471,300
Land market value
$483,400
Improvement market value
$471,300
Total market value
$954,700
Applied tax rate
20.0000
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
2000
Construction
CONCRETE
Heating
NONE
Bathrooms
7
Total area
9,000 SF
Lot
1.19 ac (51,836 SF)
APN
20-11861-01-020
UPID
US46-0863772
Jurisdiction
DAKOTA
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
$1.5M
AUTO REPAIR, GARAGE
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
2000
Construction
CONCRETE
Heating
NONE
Bathrooms
7
Lot
1.19 ac
Current owner
From public records · entity-resolved
Igh Baugus Holdings LLC
Entity
Mailing address
145 RAILWAY ST W, LORETTO, MN 55357-4571
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
—
Igh Baugus Holdings LLC
—
Deed
related
$73,000 · Coulee Bank
Mar 17, 2025
—
Igh Baugus Holdings LLC
—
Deed
related
$419,920 · Coulee Bank
Sep 22, 2022
$1,000,000
Igh Baugus Holdings LLC
Bayda LLC
Warranty Deed
$750,000 · Coulee Bank
Sep 27, 2019
$500
Hassuneh Properties LLC
Bayda LLC
Quit Claim Deed
related
—
Dec 26, 2018
—
Inver Grove Isd LLC
—
Deed
related
$710,000 · Interstate LLC
Apr 26, 2018
—
Inver Grove Isd LLC
—
Grant Deed
related
$6,035,000 · Bremer Bk NA
May 19, 2017
$850,000
Bayda Lc
Arbor Pointe Commons
Limited Warranty Deed
$735,000 · Sunrise Bank
Apr 14, 2015
$3,800,000
Arbor Pointe Commons LLC
Inland Opportunity Inver Grove
Grant Deed
—
Jun 1, 2010
$5,500,000
Inland Opportunity Inver Grove
York Tower Lowes LLC
Grant Deed
$4,270,000 · Inland Bank & Trust
—
—
Inland Opportunity Inver Grove
—
Deed Of Trust
related
$4,270,000 · Parkway Bank & Trust Co
—
—
Inver Grove Isd LLC
—
Deed Of Trust
related
$710,000 · Interstate LLC
—
—
Arbor Pointe Commons LLC
—
Deed Of Trust
related
$2,660,000 · Anchor 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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