New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Retail space
935 County Rd Ee, Vadnais Heights, MN 55127-7114
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0218112
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
WOOD FRAME
Total area
7,353 SF
Lot
1.95 ac (84,855 SF)
APN
28-30-22-33-0040
UPID
US46-0218112
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
$1.32M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.34M
Owner & transaction history
Mjs Properties INC · 5 yrs held
Mjs Properties INC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+106.5%
Auto repair, garage
$1.5M
+98.3%
Neighborhood: shopping center
$1.2M
+64.2%
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 Vadnais Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vadnais 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
$1,260,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
$1,480,000
6.5%
$1,370,000
7%
$1,270,000
Alternative Use
Use
Estimation
RESTAURANT
$1,550,000
Change: +107% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,490,000
Change: +98% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,235,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$1,085,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$845,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.40M (Aug 3 2020)
Last sale anchor
$1.40M
Aug 3 2020
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
$182 / 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
$58,482
Tax year 2023
Assessed value
$2,220,600
Assessed 2023
Previous assessed
$1,850,500
+20.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$1,188,300
Assessed improvement
$1,032,300
Land market value
$1,188,300
Improvement market value
$1,032,300
Total market value
$2,220,600
Applied tax rate
624.0000
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
2002
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
7,353 SF
Lot
1.95 ac (84,855 SF)
APN
28-30-22-33-0040
UPID
US46-0218112
Jurisdiction
RAMSEY
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
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$845,000
OFFICE BUILDING
Est. value
$805,000
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2002
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
1.95 ac
Current owner
From public records · entity-resolved
Mjs Properties INC
Entity
Mailing address
575 9TH ST SE STE #200, MINNEAPOLIS, MN 55414-1399
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2020
$500
Mjs Properties INC
Mjs Prop Of Vadnais Hts LLC
Quit Claim Deed
related
—
Aug 3, 2020
$2,000,000
Yg Holdings LLC
Mjs Properties INC
Warranty Deed
related
$2,293,200 · Bankvista
Nov 14, 2017
—
Mj Properties Of Vadnais Heights Ll
—
Deed
related
$100,000 · Farmers & Merchants Savings Bank
Apr 8, 2011
$1,400,000
Mjs Props Of Vadnais Heights LLC
Community Natl Bk
Warranty Deed
—
Aug 6, 2009
$1,999,999
Community Natl Bk
Sheriff Of Ramsey County
Trustees Deed
related
—
Nov 16, 2005
$2,160,000
Vadnais Properties LLC
Frerock Properties LLC
Grant Deed
—
Jul 26, 2004
$500
Firerock Properties LLC
Vh Capital LLC
Warranty Deed
related
$564,000 · Peterson North Branch Profit S
Sep 5, 2002
$1,010,000
Vh Capital LLC
Sandison,william G & Connie M
Grant Deed
related
$500,000 · Community National Bank
May 2, 2002
$770,358
William G Sandison
Vadnais Square LLC
Grant Deed
—
—
—
Mjs Properties Of Vadnais Height
—
Loan Modification
related
$1,250,000 · Farmers & Merchants Svgs Bk
—
—
Mj Props Of Vadnais Heights LLC
—
Deed Of Trust
related
$4,039 · After Midnight Group 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 935 County Rd Ee?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
