Realmo Analytics

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Financial
Distress signals
Property profile

3233 40th St Minneapolis, MN 55406

OFF-MARKET
Industrial properties
Property ID
US46-0897772
12,757 SF 1.31 ac lot Built 1900
Last sale Dec 2020 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$45k
Tax billed · 2023
Assessed value$1.34M
Assessed land$803k
Assessed improvement$537k
Effective rate3.37%

Value estimate

· Oct 2026
$1.40M
$1.26M – $1.53M
AI approach$1.52M
Submarket $/SF estimate$1.56M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$93/SF
Submarket average, outlier-cleaned · 297 recorded sales of this use type
Observed band · Q1–Q3$59 – $147
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I1
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.3
Dental Office30.2
Law Firm26.4

Location

3233 40th St Minneapolis, MN 55406-3240
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3400 42nd, Minneapolis, MN 55406-3333 $675,000 Oct 2024 10,765 SF
2508 24th S, Minneapolis, MN 55406-1219 $1,335,000 May 2024 8,990 SF
2751 Minnehaha, Minneapolis, MN 55406-1546 $1,000,000 Jan 2023 18,841 SF
2717 33rd, Minneapolis, MN 55406 $2,425,000 Dec 2022 20,040 SF
2647 37th S, Minneapolis, MN 55406-1747 $371,188 Apr 2021 12,960 SF
3915 Hiawatha, Minneapolis, MN 55406-3203 $890,000 Mar 2021 12,640 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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