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Property profile & analytics
OFF-MARKET
Estimated value
$2,590,000
Industrial properties
1728 2nd St Minneapolis, MN 55411-3408
Entity Owned
20-yr Hold
Free & Clear
Property ID
US46-0028492
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1901
Construction
CONCRETE
Total area
91,930 SF
Lot
3.69 ac (160,736 SF)
Zoning code
I2
APN
15-029-24-31-0043
UPID
US46-0028492
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
-
K&K Metal Recycling, LLC Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.59M
Owner & transaction history
Dmh-i LLC · 20 yrs held
Dmh-i LLC
since 2006
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$28 / 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
$122,397
Tax year 2023
Assessed value
$4,000,000
Assessed 2023
Previous assessed
$3,600,000
+11.1% YoY
Effective rate
3.06%
On assessed value
Assessed land
$1,428,400
Assessed improvement
$2,571,600
Land market value
$1,428,400
Improvement market value
$2,571,600
Total market value
$4,000,000
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
Off-Market
Year built
1901
Construction
CONCRETE
Heating
STEAM
Cooling
YES
Stories
1
Total area
91,930 SF
Lot
3.69 ac (160,736 SF)
Zoning code
I2
APN
15-029-24-31-0043
UPID
US46-0028492
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
1901
Construction
CONCRETE
Heating
STEAM
Cooling
Yes
Stories
1
Lot
3.69 ac
Current owner
From public records · entity-resolved
Dmh-i LLC
Entity
Free & Clear · 20 yrs held
Mailing address
1728 N 2ND ST, MINNEAPOLIS, MN 55411-3408
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
—
Dmh I LLC
—
Deed
related
$494,240 · Northeast Bank
Jan 4, 2017
—
Dmh-i LLC
—
Deed
related
$445,183 · Northeast Bk
Oct 13, 2016
—
Dmh-i LLC
—
Deed
related
$185,000 · Northeast Bk
Oct 6, 2010
—
Dmh-i LLC
—
Trustees Deed
related
$1,000,000 · Northwest Bk
Apr 21, 2006
$1,200,000
Dmh-i LLC
Kirschbaum-krupp Metal
Warranty Deed
—
Feb 3, 2006
$1,200,000
Kirschbaum-krupp Metal Co
1226 Associates
Warranty Deed
—
—
—
Dmh-i LLC
—
Deed Of Trust
related
$704,439 · Northeast Bank
—
—
Dmh-i LLC
—
Deed Of Trust
related
$185,000 · Northeast Bk
—
—
Dmh-i LLC
—
Loan Modification
related
$445,183 · Northeast Bk
—
—
Dmh-i LLC
—
Deed Of Trust
related
$4,000,000 · Northwest Bank
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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