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Property profile & analytics
OFF-MARKET
Parking lots & garages
9200 Nike Rd Maple Plain, MN 55359-9223
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-3212960
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1957
Lot
11.32 ac (493,099 SF)
APN
18-117-24-43-0007
UPID
US46-3212960
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
-
D & L Machine Industrial Manufacturer
-
Technical Ordnance Inc Industrial Manufacturer Production Facility
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
Jostis Properties LLC · 2 yrs held
Jostis Properties LLC
since 2024
Last sale
$240,000
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 Maple Plain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maple Plain 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
$9,567
Tax year 2023
Assessed value
$1,150,000
Assessed 2023
Previous assessed
$789,000
+45.8% YoY
Effective rate
0.83%
On assessed value
Assessed land
$900,000
Assessed improvement
$250,000
Land market value
$900,000
Improvement market value
$250,000
Total market value
$1,150,000
Applied tax rate
111.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1957
Heating
NONE
Lot
11.32 ac (493,099 SF)
APN
18-117-24-43-0007
UPID
US46-3212960
Jurisdiction
HENNEPIN
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
1957
Heating
NONE
Lot
11.32 ac
Current owner
From public records · entity-resolved
Jostis Properties LLC
Entity
Mailing address
514 2ND ST SE #200, MINNEAPOLIS, MN 55414-2105
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
$240,000
Jostis Properties LLC
Jorgensen And Eaton LLC
Warranty Deed
$195,200 · Alerus Financial NA
Jan 19, 2024
$240,000
Erik W Dieterle
Park Place Storage Condominiums INC
Warranty Deed
—
Dec 12, 2023
$246,000
Dentwerks Pdr LLC
Park Place Storage Condominiums INC
Warranty Deed
—
Nov 1, 2023
$234,500
William Shumer
Park Place Storage Condominiums INC
Warranty Deed
—
Oct 26, 2023
$236,500
Blackstone Services LLC
Park Place Storage Condominiums INC
Warranty Deed
$189,200 · Citizens Alliance Bank
Oct 24, 2023
$211,700
David Muehlbauer
Park Place Storage Condominiums INC
Warranty Deed
$169,360 · Premier Bank
Oct 6, 2023
$184,900
Nike Road Investments LLC
Park Place Storage Condominiums INC
Warranty Deed
$1,230,000 · Tradition Capital Bank
Oct 5, 2023
$242,900
Nike Rd LLC
Park Place Storage Condominiums INC
Warranty Deed
—
Sep 27, 2023
$246,000
Mark A Bongard
Park Place Storage Condominiums INC
Warranty Deed
—
Sep 18, 2023
$234,500
Scott Long
Park Place Storage Condominiums INC
Warranty Deed
$188,000 · Premier Bank
Jan 24, 2019
—
Park Place Storage Condominiums INC
Valley Industrial II LLC
Warranty Deed
$670,000 · Premier Bank
Feb 14, 2017
$800,000
Valley Industrial II LLC
Hoffman Properties II LLC
Dual Purpose Document
related
$750,000 · Hoffman Properties II LLC
Nov 14, 2012
—
N Lllp
Hoffman,norman H & Ann M
Quit Claim Deed
related
—
Nov 14, 2012
$700,000
Hoffman Properties II LLC
N & A Hoffman Lllp
Warranty Deed
related
—
Nov 30, 2009
—
Technical Ordnance INC
—
Deed Of Trust
related
$5,250,000 · Bank Of Scotland
Jul 31, 2006
$1,101,300
Nike Storage LLC
N & A Hoffman Family
Warranty Deed
—
—
—
Nike Storage LLC
—
Deed Of Trust
related
$186,000 · Premier Bank
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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