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Property profile & analytics
FOR SALE
Commercial real estate
9655 Schmidt Lake Rd, Plymouth, MN 55442
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0045263
For Sale
1 / 2
$2,995,000
9655 Schmidt Lake Rd, Plymouth, MN 55442
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
STEEL FRAME
Lot
1.87 ac (81,457 SF)
APN
12-118-22-41-0017
UPID
US46-0045263
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
$2.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.54M
Owner & transaction history
9655 Schmidt Lake Road LLC · 4 yrs held
9655 Schmidt Lake Road LLC
since 2021
Last sale
$2.5M
5 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 Plymouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plymouth 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
$2,405,000
ML approach
$2,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.53M (Sep 15 2021)
Last sale anchor
$2.53M
Sep 15 2021
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
$76,580
Tax year 2023
Assessed value
$2,750,000
Assessed 2023
Previous assessed
$2,500,000
+10.0% YoY
Effective rate
2.78%
On assessed value
Assessed land
$936,000
Assessed improvement
$1,814,000
Land market value
$936,000
Improvement market value
$1,814,000
Total market value
$2,750,000
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 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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2006
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Lot
1.87 ac (81,457 SF)
APN
12-118-22-41-0017
UPID
US46-0045263
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
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Lot
1.87 ac
Current owner
From public records · entity-resolved
9655 Schmidt Lake Road LLC
Entity
Mailing address
1572 OAKWAYS ST, WAYZATA, MN 55391-2237
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$2,525,000
9655 Schmidt Lake Road LLC
Msc Properties LLC
Limited Warranty Deed
$2,178,400 · 21st Century Bank
Aug 9, 2007
$250,000
Fae Holiday Schmidt Lake LLC
Bassettcreek Retail Invs LLC
Warranty Deed
—
Aug 9, 2007
$4,000
Holiday Stationstores INC
Fae Holiday Schmidt Lake LLC
Warranty Deed
—
—
—
Msc Properties LLC
—
Deed Of Trust
related
$1,980,500 · First National Bank The Lakes
—
—
Msc Properties LLC
—
Deed Of Trust
related
$2,200,000 · Us Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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