Property profile

1375 7th Ave Newport, MN 55055

OFF-MARKET
Office buildings
Property ID
US46-0716374
8,124 SF 0.52 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Total area 8,124 SF
Lot 0.52 ac (22,529 SF)
APN 36-028-22-32-0109
UPID US46-0716374

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
  • Big Box & Wholesale Store Building Supply

Location

1375 7th Ave Newport, MN 55055-1154
Newport metro Census 71003 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$875k
CAP Approach CAP
by Request
Comparable Approach Comparable
$948k
Blend (final) Blend
$805k

Owner & transaction history

since 2025
Last sale
$933,182
4 recorded transactions
2025
$818,764
2025
$787,491
2024
$464,120
2021
$933,182

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.4M +17.3%
Commercial (general) $1.4M +16.3%
Retail stores $1.4M +15.1%

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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