New search
Property profile & analytics
FOR LEASE
Industrial properties
980 Berwood Ave E, Vadnais Heights, MN 55110
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0652478
For Lease
1 / 2
$8,325,000
980 Berwood Ave E, Vadnais Heights, MN 55110
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Total area
109,756 SF
Lot
5.67 ac (247,159 SF)
Zoning code
D
APN
33-30-22-31-0019
UPID
US46-0652478
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
$8.16M
Blend (final)
Blend
$8.33M
Owner & transaction history
Endeavor Vadnais LLC · 1 yrs held
Endeavor Vadnais LLC
since 2024
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
D · Vadnais Heights, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.8M
+72.5%
Warehouse, storage
$12.6M
+70.3%
Retail stores
$11.2M
+51.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,425,000
Current use
OFFICE BUILDING
$12,810,000
Change: +73% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,645,000
Change: +70% · Conversion: Easy
RETAIL STORES
$11,220,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$8.33M
Range $7.49M – $9.16M · ±10% · vs last sale $10.50M (Sep 13 2024)
Last sale anchor
$10.50M
Sep 13 2024
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
$76 / 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
$243,664
Tax year 2023
Assessed value
$9,579,100
Assessed 2023
Previous assessed
$7,542,600
+27.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$988,600
Assessed improvement
$8,590,500
Land market value
$988,600
Improvement market value
$8,590,500
Total market value
$9,579,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1998
Heating
STEAM
Buildings
3
Total area
109,756 SF
Lot
5.67 ac (247,159 SF)
Zoning code
D
APN
33-30-22-31-0019
UPID
US46-0652478
Jurisdiction
RAMSEY
Zoning & alternative use
D · Vadnais Heights, MN
Zoning D · permitted uses
D · Vadnais Heights, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vadnais Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.4M
OFFICE BUILDING
Est. value
$12.8M
WAREHOUSE, STORAGE
Est. value
$12.6M
RETAIL STORES
Est. value
$11.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1998
Heating
STEAM
Buildings
3
Lot
5.67 ac
Current owner
From public records · entity-resolved
Endeavor Vadnais LLC
Entity
Mailing address
529 KEALALOA AVE, MAKAWAO, HI 96768-9055
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Dec 13, 2024
$10,500,000
Endeavor Vadnais LLC
Hrc Vadnais LLC
Deed
$5,335,000 · Crown Bank
Sep 9, 2020
—
Hrc Ent LLC
—
Deed
related
$10,130,000 · First Hawaiian Bk
Feb 24, 2017
—
Hrc Vadnais LLC
—
Grant Deed
related
$11,250,000 · First Hawaiian Bk
Apr 8, 1999
—
United Properties Invest LLC
United Land LLC
Quit Claim Deed
related
—
Apr 20, 1998
$639,500
Northland Land Co
B G M S
Grant Deed
—
—
—
Hrc Vadnais LLC
—
Deed Of Trust
related
$11,250,000 · First Hawaiian Bk
—
—
Hrc Ent LLC
—
Loan Modification
related
$10,130,000 · First Hawaiian 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.
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?”
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.
