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1601 67Th Ave N, Brooklyn Center, MN 55430
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Property summary
AI-generated overview
This exceptional 34,756-square-foot warehouse, situated on a 2.46-acre lot in Brooklyn Center, Minnesota, presents a compelling owner-user opportunity. Built in 1978 and renovated in 1985, the single-story building boasts an 18-foot clear ceiling height, three loading docks with three dock-high doors, and is zoned MX-B. The property offers convenient access to major transportation arteries, including I-694, I-94, Highway 100, and Highway 252, ensuring efficient logistics. Currently, the building houses three tenants with varying lease terms, providing immediate income potential for an owner-user seeking to occupy up to 15,000 square feet. A portion of the available space includes a crane and a flammable waste trap. Note that an additional 4,800 square feet of mezzanine space is not included in the stated square footage. This well-maintained industrial property represents a rare blend of immediate income and significant owner-user potential in a prime location. Financial details and further information are available upon request.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
CONCRETE BLOCKS
Total area
35,162 SF
Lot
2.46 ac (107,158 SF)
APN
35-119-21-14-0014
UPID
US46-0759286
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.65M
Owner & transaction history
since 2025
Last sale
$2.7M
1 recorded transaction
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 8 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.65M
Value range
$2.38M – $2.91M
±10% around blend
Estimated value / SF
$75 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
80
Income certainty
100
$2.38M
blend $2.65M
$2.91M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,162 SF
Lot area
2.46 ac
Year built
1978
Stories
1
APN
35-119-21-14-0014
Assessed value
$2,452,000
Annual tax
$82,232
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$82,232
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.99M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.6 mi away · 45,420 SF
12.7 mi away · 30,772 SF
12.9 mi away · 34,560 SF
14.5 mi away · 30,064 SF
14.6 mi away · 35,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.65M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 297 sales
$93
-19%
County 314 sales
$98
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $75/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$618k
Move the market yield to see immediate price impact.
Value / SF
$18
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$39k
$779k
$556k
$433k
$43k
$866k
$618k
$481k
$48k
$952k
$680k
$529k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$2.95M
9.6 mi · Jan 2026 · $85/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$82,232
Tax year 2023
Assessed value
$2,452,000
Assessed 2023
Previous assessed
$2,290,000
+7.1% YoY
Effective rate
3.35%
On assessed value
Assessed land
$778,000
Assessed improvement
$1,674,000
Land market value
$778,000
Improvement market value
$1,674,000
Total market value
$2,452,000
Applied tax rate
286.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1978
Construction
CONCRETE BLOCKS
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Total area
35,162 SF
Lot
2.46 ac (107,158 SF)
APN
35-119-21-14-0014
UPID
US46-0759286
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE BLOCKS
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
2.46 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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