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Property profile & analytics
OFF-MARKET
Parking lots & garages
9300 Nike Rd C247, Maple Plain, MN 55359-9856
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0213760
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
2006
Lot
3.64 ac (158,648 SF)
APN
18-117-24-34-0052
UPID
US46-0213760
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
-
Nesmith Marine LLC (Bike/Boat/Book/etc) Store
-
Park Place Storage Condos - Minnetrista West Storage 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
Robbie S Nesmith · 2 yrs held
Robbie S Nesmith
since 2024
Last sale
$147,500
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
$1,199
Tax year 2023
Assessed value
$122,000
Assessed 2023
Previous assessed
$107,000
+14.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$26,000
Assessed improvement
$96,000
Land market value
$26,000
Improvement market value
$96,000
Total market value
$122,000
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
2006
Heating
NONE
Cooling
NONE
Lot
3.64 ac (158,648 SF)
APN
18-117-24-34-0052
UPID
US46-0213760
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
2006
Heating
NONE
Cooling
Yes
Lot
3.64 ac
Current owner
From public records · entity-resolved
Robbie S Nesmith
Individual
Mailing address
350 HWY 7TH STE #220, EXCELSIOR, MN 55331-3170
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
$141,751
Robbie S Nesmith
Brenda Nesmith
Deed
related
—
Jun 9, 2015
—
Robbie Nesmith
Nesmith Morton
Quit Claim Deed
related
—
Feb 5, 2015
—
Morton Nesmith
Nesmith Joan I
Affidavit Of Death
related
—
Feb 4, 2010
$52,650
Morton Nesmith
Nike Storage LLC
Grant Deed
$44,000 · Bremer Bank NA
—
—
Robbie Nesmith
—
Loan Modification
related
$38,181 · Premier Bk
—
—
Morton Nesmith JR.
—
Deed Of Trust
related
$157,556 · Wells Fargo Bank
—
—
Robbie Nesmith
—
Deed Of Trust
related
$45,000 · Premier 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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