Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1179 15th SE Ave Minneapolis, MN 55414-2439

    • Industrial properties
    • 39,186 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimations
    $2,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0770854
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Second Chance Recycling / Recycling Center / Waste Management Facility
    • Second Chance Recycling & Manufacturing / Recycling Center / Waste Management Facility
    • Custom Manufacturing / Factory / Production Facility

    Property Details for 1179 15th SE Ave

    Year built
    1916
    Construction
    CONCRETE
    Lot size
    1.71 lot acres
    Property size
    39,186 SF
    Zone code
    I2
    Property type
    Industrial properties
    APN
    13-029-24-44-0093
    APU
    1302924440093

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,645,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2312
    Latitude
    44.9935
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,929
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      231,682 SF

      635 9Th St

      Life science properties • 231,682 SF
      635 9Th St, Minneapolis, MN 55414
      View Details
    • Value Estimation
      $4,585,000
      50,674 SF

      520 Malcolm SE Ave

      INDUSTRIAL (GENERAL) • 50,674 SF
      520 Malcolm SE Ave, Minneapolis, MN 55414-3312
      View Details
    • Value Estimation
      $515,000
      6,043 SF

      818 24th SE Ave

      INDUSTRIAL (GENERAL) • 6,043 SF
      818 24th SE Ave, Minneapolis, MN 55414-2605
      View Details
    • Value Estimation
      $4,690,000
      70,833 SF

      730 24th SE Ave

      INDUSTRIAL (GENERAL) • 70,833 SF
      730 24th SE Ave, Minneapolis, MN 55414-2604
      View Details
    • Value Estimation
      $11,950,000
      199,179 SF

      883 29th SE Ave

      INDUSTRIAL (GENERAL) • 199,179 SF
      883 29th SE Ave, Minneapolis, MN 55414-2820
      View Details
    • Value Estimation
      $12,305,000
      88,236 SF

      835 Hennepin Ave

      INDUSTRIAL (GENERAL) • 88,236 SF
      835 Hennepin Ave, Minneapolis, MN 55414-1201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Creative Arts Building For Sale

      Redevelopment opportunity or continue as rental property.
      3338 University Ave SE, Minneapolis, MN 55414
      View Details
    • Contact for pricing
      1,600 SF

      Affordable Office/Retail Space in Minneapolis

      1,600 SF lower level office/retail in vibrant Como neighborhood.
      1820 Como Ave SE, Minneapolis, MN 55414
      View Details
    • Contact for pricing
      24,500 SF

      Minneapolis Office Building For Sale

      24,500 SF office building with photo studio and parking.
      807 13Th Ave S, Minneapolis, MN 55414
      View Details
    • $250,000

      Land for Development Near University

      Land available for development near the University of Minnesota.
      2530 Essex St SE, Minneapolis, MN 55414
      View Details
    • Contact for pricing

      Prospect Park Development Site

      Development site in Prospect Park near the University of Minnesota.
      518 Malcolm Ave SE, Minneapolis, MN 55414
      View Details
    • $6,000,000
      14,000 SF

      Retail and Office Building

      High visibility retail and office space near light rail.
      2720 University Ave SE, Minneapolis, MN 55414
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,192 SF

      Unique High-Bay Column-Free Space

      Large volume space suitable for retail, office, or entertainment.
      575-701 9Th St SE, Minneapolis, MN 55414
      View Details
    • Contact for pricing
      27,029 SF

      Minneapolis Warehouse Space Available

      27,029 SF warehouse space for lease in Minneapolis.
      2000-2090 Elm St SE, Minneapolis, MN 55414
      View Details
    • Contact for pricing
      29,634 SF

      Industrial Warehouse Space Available

      29,634 square feet of warehouse space for rent.
      1800 Elm St Southeast, Minneapolis, MN 55414
      View Details
    • Contact for pricing
      29,634 SF

      Office Warehouse Near University

      Office warehouse with easy highway access and air conditioning.
      1800-1860 Elm St SE, Minneapolis, MN 55414
      View Details
    • Contact for pricing
      3,787 SF

      Bloomington Warehouse Space Available

      Warehouse space with convenient access to major highways and airport.
      7900-7940 12Th Ave S, Bloomington, MN 55414
      View Details
    • Contact for pricing
      112,000 SF

      Minneapolis Warehouse Space Available

      112,000 SF warehouse space for lease in Minneapolis.
      701-715 Kasota Ave, Minneapolis, MN 55414
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1179 15th SE Ave
    Minneapolis, MN 55414-2439
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!