Property profile

1241 72nd NE Ave Fridley, MN 55432

OFF-MARKET
Industrial properties
Property ID
US46-1952193
29,250 SF 6.09 ac lot Built 1968
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 29,250 SF
Lot 6.09 ac (265,392 SF)
APN 12-30-24-31-0115
UPID US46-1952193

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Factory Industrial Manufacturer
  • Telecommunications Service
  • Industrial Manufacturer Production Facility

Location

1241 72nd NE Ave Fridley, MN 55432-3510
Fridley metro Census 51103 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
$4.78M
Comparable Approach Comparable
$3.65M
Blend (final) Blend
$4.36M

Owner & transaction history

since 2025
Last sale
$4.5M
3 recorded transactions
2025
$4.5M
2025
Price N/A
2015
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $4.2M +53.2%

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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