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Property profile & analytics
FOR LEASE
Industrial properties
1325 Quincy St NE, Minneapolis, MN 55413
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0446880
For Lease
1 / 6
$17 SF/Yr
1325 Quincy St NE, Minneapolis, MN 55413
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1910
Construction
CONCRETE
Total area
86,776 SF
Lot
3.58 ac (155,945 SF)
Zoning code
I2
APN
14-029-24-14-0090
UPID
US46-0446880
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
-
Quincy Hall Hotel & Motel Resort
-
Questscope Association Or Organization
-
Nxc Imaging Production Facility
-
Earl Giles Restaurant and Distillery Restaurant
-
Alight Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.90M
Owner & transaction history
1325 Property Owner LLC · 8 yrs held
1325 Property Owner LLC
since 2017
4 recorded transactions
Zoning & alternative use
I2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,360,000
6.5%
$14,175,000
7%
$13,165,000
Blend value · Realmo final
$11.90M
Range $10.71M – $13.09M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$137 / SF
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
$333,490
Tax year 2023
Assessed value
$10,800,000
Assessed 2023
Previous assessed
$7,000,000
+54.3% YoY
Effective rate
3.09%
On assessed value
Assessed land
$1,420,100
Assessed improvement
$9,379,900
Land market value
$1,420,100
Improvement market value
$9,379,900
Total market value
$10,800,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1910
Construction
CONCRETE
Heating
CONVECTION
Cooling
YES
Stories
1
Total area
86,776 SF
Lot
3.58 ac (155,945 SF)
Zoning code
I2
APN
14-029-24-14-0090
UPID
US46-0446880
Jurisdiction
HENNEPIN
Zoning & alternative use
I2 · Minneapolis, MN
Zoning I2 · permitted uses
I2 · 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
1910
Construction
CONCRETE
Heating
CONVECTION
Cooling
Yes
Stories
1
Lot
3.58 ac
Current owner
From public records · entity-resolved
1325 Property Owner LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1200 NN BR ST STE, CHICAGO, IL 60642-2701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Oct 6, 2020
—
1325 Property Owner LLC
—
Deed Of Trust
related
$4,500,000 · First Bk&tr Co Of Illinois
Oct 16, 2017
$1,537,500
1325 Property Owner LLC
Ldh Investment LLC
Grant Deed
—
Dec 29, 2016
—
Quincy Street Holdings LLC
Quincy Street LLC
Quit Claim Deed
related
—
Nov 16, 2007
$1,500,000
Quiriay Street LLC
Kurt Manufacturing
Warranty Deed
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.
Try Rey
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