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Property profile & analytics
OFF-MARKET
Estimated value
$3,505,000
Industrial properties
9210 52nd N Ave, New Hope, MN 55428-4021
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0468568
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1977
Construction
CONCRETE BLOCKS
Lot
3.04 ac (132,422 SF)
APN
07-118-21-22-0008
UPID
US46-0468568
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.51M
Owner & transaction history
Saxe New Hope LLC · 3 yrs held
Saxe New Hope LLC
since 2023
Last sale
$3.5M
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 New Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hope 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
$3,510,000
ML approach
$3,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.51M
Range $3.15M – $3.86M · ±10% · vs last sale $3.50M (Mar 6 2023)
Last sale anchor
$3.50M
Mar 6 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
—
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
$103,910
Tax year 2023
Assessed value
$3,200,000
Assessed 2023
Previous assessed
$2,282,000
+40.2% YoY
Effective rate
3.25%
On assessed value
Assessed land
$841,000
Assessed improvement
$2,359,000
Land market value
$841,000
Improvement market value
$2,359,000
Total market value
$3,200,000
Applied tax rate
281.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1977
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Lot
3.04 ac (132,422 SF)
APN
07-118-21-22-0008
UPID
US46-0468568
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
1977
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Lot
3.04 ac
Current owner
From public records · entity-resolved
Saxe New Hope LLC
Entity
Mailing address
1510 N HASTINGS WAY, EAU CLAIRE, WI 54703-1866
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
—
Saxe New Hope LLC
Industrial Tool INC
Re-recorded Document
related
$3,414,985 · Citizens Community Federal
Mar 6, 2023
$3,500,000
Saxe New Hope LLC
Industrial Tool INC
Warranty Deed
$3,414,985 · Citizens Community Federal
Jan 2, 2013
—
Industrial Tool INC
Maruka USA INC
Grant Deed
related
—
Nov 26, 2012
$1,600,000
Maruka USA INC
Mcdonald Iti LLC
Grant Deed
—
Nov 13, 2012
$1,600,000
Maruka USA INC
Mcdonald Iti LLC
Grant Deed
—
Aug 13, 2009
—
Mcdonald Iti LLC
Mcdonald,edgar J & Constance J
Quit Claim Deed
related
—
Jan 2, 2009
$500
Mcdonald Iti LLC
Mcdonald,edgar J & Constance J
Warranty Deed
related
—
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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