Property profile

121 1st NW St New Brighton, MN 55112

OFF-MARKET
Industrial properties
Property ID
US46-0855088
50,763 SF 3.52 ac lot Built 1998
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1998
Total area 50,763 SF
Lot 3.52 ac (153,375 SF)
APN 29-30-23-44-0047
UPID US46-0855088

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

121 1st NW St New Brighton, MN 55112
New Brighton metro Census 41107 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.49M
Blend (final) Blend
$3.36M

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2019
Price N/A
2019
$4.3M
2017
$500
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $5.6M +61.9%
Retail stores $5.2M +51.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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