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Property profile & analytics
OFF-MARKET
Estimated value
$21,060,000
Industrial properties
975 Nathan N Ln, Plymouth, MN 55441
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-1961429
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1977
Construction
CONCRETE
Lot
17.07 ac (743,569 SF)
APN
36-118-22-13-0012
UPID
US46-1961429
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.06M
Owner & transaction history
Nicola Msp III Limited Partnership · 4 yrs held
Nicola Msp III Limited Partnership
since 2021
Last sale
$20.6M
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 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
$21,980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.06M
Range $18.95M – $23.17M · ±10% · vs last sale $20.60M (Sep 24 2021)
Last sale anchor
$20.60M
Sep 24 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
$588,554
Tax year 2023
Assessed value
$21,013,000
Assessed 2023
Previous assessed
$16,810,000
+25.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$3,514,000
Assessed improvement
$17,499,000
Land market value
$3,514,000
Improvement market value
$17,499,000
Total market value
$21,013,000
Applied tax rate
270.0000
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
Heating
FORCED AIR
Cooling
YES
Lot
17.07 ac (743,569 SF)
APN
36-118-22-13-0012
UPID
US46-1961429
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
Heating
FORCED AIR
Cooling
Yes
Lot
17.07 ac
Current owner
From public records · entity-resolved
Nicola Msp III Limited Partnership
Entity
Mailing address
1600 UTICA AVE S STE #300, ST LOUIS PARK, MN 55416-1468
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2021
$20,600,000
Nicola Msp III Limited Partnership
Colfin 2015 1 Industrial Owner LLC
Limited Warranty Deed
$130,000,000 · Voya Investment Management LLC
Dec 26, 2019
—
Colfin 2015 Industrial Owners LLC
—
Deed
related
—
Mar 25, 2015
$13,000,000
Colfin 2015-1 Indl Owner LLC
Duke Realty LP
Grant Deed
—
Mar 24, 2015
$13,000,000
Colfin 2015-1 Indl Owner LLC
Duke Realty LP
Grant Deed
—
Jan 7, 2015
—
Duke Realty LP
Duke Realty LP
Quit Claim Deed
related
—
—
—
Colfin 2015-1 Indl Owner LLC
—
Deed Of Trust
related
$15,644,303 · Citi R/e Fndg INC
—
—
Colfin 2015-1 Indl Owner LLC
—
Deed Of Trust
related
$26,654,800 · Miscellaneous Ins Co
—
—
Colfin 2015-1 Indl Owner LLC
—
Deed Of Trust
related
$26,654,800 · Miscellaneous Ins Co
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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