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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Commercial real estate
1610 Harmon Pl Minneapolis, MN 55403-1916
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-1015293
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1946
Construction
CONCRETE
Total area
9,700 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C3A
APN
27-029-24-23-0040
UPID
US46-1015293
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
-
Gai Noi Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$1.62M
Owner & transaction history
1610 Harmon Pl LLC · 1 yrs held
1610 Harmon Pl LLC
since 2025
7 recorded transactions
Zoning & alternative use
C3A · 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%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$167 / 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
$78,037
Tax year 2023
Assessed value
$2,571,000
Assessed 2023
Previous assessed
$2,571,000
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$407,200
Assessed improvement
$2,163,800
Land market value
$407,200
Improvement market value
$2,163,800
Total market value
$2,571,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1946
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
9,700 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C3A
APN
27-029-24-23-0040
UPID
US46-1015293
Jurisdiction
HENNEPIN
Zoning & alternative use
C3A · Minneapolis, MN
Zoning C3A · permitted uses
C3A · 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
1946
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
1610 Harmon Pl LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7701 GOLDEN VLY RD, GOLDEN VALLEY, MN 55427-4418
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2025
—
1610 Harmon Pl LLC
—
Deed
related
$1,600,000 · Border Bank
May 6, 2025
—
1610 Harmon Pl LLC
T & A Properties LLC
Warranty Deed
—
Dec 15, 2022
$1,800,000
T & A Properties LLC
Old National Bank
Limited Warranty Deed
$1,440,000 · Border Bank
Mar 10, 2021
$2,075,000
Old National Bank
Joes Building LLC
Sheriffs Deed
related
—
Sep 27, 2013
—
Joes Building LLC
—
Grant Deed
related
$1,566,250 · Anchor Bk
Oct 18, 2005
$550,000
Joes Building LLC
Sri Housing LLC
Warranty Deed
—
—
—
Joes Building LLC
—
Loan Modification
related
$1,566,250 · Anchor Bk
—
—
Joes Building LLC
—
Loan Modification
related
$2,237,500 · Anchor Bk
—
—
Joes Building LLC
—
Loan Modification
related
$1,566,250 · Anchor Bk
—
—
Joes Building LLC
—
Loan Modification
related
$2,192,984 · Anchor Bk
—
—
Joes Building LLC
—
Deed Of Trust
related
$1,798,000 · Twin Cities-metro Certified De
—
—
Joes Building LLC
—
Loan Modification
related
$1,748,950 · Anchor Bk
—
—
Joes Building LLC
—
Loan Modification
related
$2,237,500 · Anchor Bk
—
—
Joes Building LLC
—
Deed Of Trust
related
$2,237,500 · Anchor Bk
—
—
Arnold Bernstein
—
Deed Of Trust
related
$420,000 · Associated Bank Minnesota
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.
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