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Property profile & analytics
OFF-MARKET
Commercial land
113 2nd SE St Minneapolis, MN 55414-2126
Entity Owned
8-yr Hold
Free & Clear
Property ID
US46-0773909
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1967
Construction
CONCRETE
Total area
3,998 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C2
APN
23-029-24-13-0047
UPID
US46-0773909
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
by Request
Owner & transaction history
Alatus 200 Central LLC · 8 yrs held
Alatus 200 Central LLC
since 2018
7 recorded transactions
Zoning & alternative use
C2 · Minneapolis, MN
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 Minneapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minneapolis 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$16,231
Tax year 2023
Assessed value
$497,500
Assessed 2023
Previous assessed
$497,500
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$497,500
Land market value
$497,500
Total market value
$497,500
Applied tax rate
1.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
3,998 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C2
APN
23-029-24-13-0047
UPID
US46-0773909
Jurisdiction
HENNEPIN
Zoning & alternative use
C2 · Minneapolis, MN
Zoning C2 · permitted uses
C2 · Minneapolis, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Minneapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Alatus 200 Central LLC
Entity
Free & Clear · 8 yrs held
Mailing address
80 S 8TH ST STE #4155, MINNEAPOLIS, MN 55402-2273
Ownership since
2018
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
Oct 16, 2018
—
Alatus 200 Central LLC
—
Loan Modification
related
$4,275,000 · Bridgewater Bk
Apr 13, 2018
$500
Alatus 200 Central LLC
Lux II LLC
Grant Deed
related
—
Nov 4, 2016
—
Lux II LLC
—
Deed Of Trust
related
$3,000,000 · Bridgewater Bk
Aug 18, 2016
$3,225,000
Lux II LLC
Alatus Central LLC
Grant Deed
—
Jul 7, 2015
$1,017,000
Alatus Central LLC
St Anthony Athletic Club LLC
Grant Deed
—
Jul 18, 2014
—
St Anthony Athletic Club LLC
St Anthony Athletic Club
Quit Claim Deed
related
—
—
—
Alatus 200 Central LLC
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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