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Property profile & analytics
OFF-MARKET
Parking lots & garages
121 Washington S Ave 1704 Minneapolis, MN 55401-2133
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-1066813
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1981
Lot
1.41 ac (61,428 SF)
Zoning code
B4-1
APN
23-029-24-33-0474
UPID
US46-1066813
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
Current use
Occupant on record · Public records
-
Western Container Sales Factory Industrial Manufacturer
-
Creative Copilot Film Production Television Studio
-
SwipeGuide Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Nighthawk Marketing Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Melodic Art Design Marketing & Advertising (Bike/Boat/Book/etc) Store
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
Todd Lawrence · 4 yrs held
Todd Lawrence
since 2021
Last sale
$260,000
4 recorded transactions
Zoning & alternative use
B4-1 · 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
$235
Tax year 2023
Assessed value
$18,000
Assessed 2023
Previous assessed
$18,000
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$3,600
Assessed improvement
$14,400
Land market value
$3,600
Improvement market value
$14,400
Total market value
$18,000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1981
Heating
NONE
Lot
1.41 ac (61,428 SF)
Zoning code
B4-1
APN
23-029-24-33-0474
UPID
US46-1066813
Jurisdiction
HENNEPIN
Zoning & alternative use
B4-1 · Minneapolis, MN
Zoning B4-1 · permitted uses
B4-1 · 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
1981
Heating
NONE
Lot
1.41 ac
Current owner
From public records · entity-resolved
Todd Lawrence
Individual
Mailing address
121 WASHINGTON AVE S APT #1704, MINNEAPOLIS, MN 55401-2133
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$240,000
Todd Lawrence
Tiffany C Madden
Warranty Deed
$90,000 · Weichert Financial Services
Sep 8, 2010
—
Todd Madden
Madden,todd & Tiffany C
Quit Claim Deed
related
$142,500 · Wintrust Mortgage Corp
Sep 12, 2006
$222,000
Todd W Madden
Neath,ronald & Pei Y
Warranty Deed
—
—
—
Todd Madden
—
Deed Of Trust
related
$165,000 · Wintrust Mtg
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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