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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Retail space
921 County Rd 42nd W, Burnsville, MN 55306-4497
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0589800
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
CONCRETE
Total area
8,100 SF
Lot
11.89 ac (518,019 SF)
Zoning code
R
APN
02-16382-01-050
UPID
US46-0589800
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Schuler Shoes: Burnsville Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Verizon Business Services Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Burnsville Center Spe LLC · 16 yrs held
Burnsville Center Spe LLC
since 2010
6 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+39.1%
Restaurant
$1.6M
+36.1%
Auto repair, garage
$1.4M
+19.8%
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 Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,425,000
6.5%
$1,315,000
7%
$1,220,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,155,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,605,000
Change: +39% · Conversion: Moderate
RESTAURANT
$1,570,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,385,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$1,240,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$1,235,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$940,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10%
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
$126 / 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
$53,844
Tax year 2023
Assessed value
$1,864,800
Assessed 2022
Previous assessed
$1,864,800
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$353,800
Assessed improvement
$1,511,000
Land market value
$353,800
Improvement market value
$1,511,000
Total market value
$1,864,800
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Bathrooms
10
Total area
8,100 SF
Lot
11.89 ac (518,019 SF)
Zoning code
R
APN
02-16382-01-050
UPID
US46-0589800
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$940,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2006
Construction
CONCRETE
Heating
NONE
Bathrooms
10
Lot
11.89 ac
Current owner
From public records · entity-resolved
Burnsville Center Spe LLC
Entity
Mailing address
11400 ELM CRK BLVD N, MAPLE GROVE, MN 55369-7528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Dec 17, 2020
—
Burnsville Center Capital Hold
—
Deed
related
$9,500,000 · Jaz Equities LLC
Jun 9, 2010
—
Burnsville Center Spe LLC
Burnsville Minnesota LLC
Quit Claim Deed
related
$83,000,000 · Goldman Sachs Comm'l Mtg Cap
Jan 2, 2007
$2,800,000
Mn Theaters 2006 LLC
Burnsville Minnesota LLC
Grant Deed
—
Feb 7, 2005
$5,500,000
Burnsville Minnesota II LLC
Burnsville Stores LLC
Grant Deed
related
—
Oct 18, 2004
$5,500,000
Burnsville Stores LLC
Mervyns
Grant Deed
—
—
—
Burnsville Center Capital Hold
—
Deed Of Trust
related
$9,500,000 · Jaz Equities LLC
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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