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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Industrial properties
1900 2nd St Minneapolis, MN 55411-3472
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0795706
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1947
Construction
CONCRETE
Total area
27,750 SF
Lot
2.94 ac (128,066 SF)
Zoning code
I2
APN
15-029-24-31-0125
UPID
US46-0795706
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
-
Garelick Steel Company Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.08M
Owner & transaction history
Sari K Golden INC · 5 yrs held
Sari K Golden INC
since 2021
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,585,000
Current use
COMMERCIAL (GENERAL)
$2,320,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$75 / 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
$61,114
Tax year 2023
Assessed value
$1,913,500
Assessed 2023
Previous assessed
$1,586,500
+20.6% YoY
Effective rate
3.19%
On assessed value
Assessed land
$1,161,500
Assessed improvement
$752,000
Land market value
$1,161,500
Improvement market value
$752,000
Total market value
$1,913,500
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
1947
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Total area
27,750 SF
Lot
2.94 ac (128,066 SF)
Zoning code
I2
APN
15-029-24-31-0125
UPID
US46-0795706
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Sari K Golden INC
Entity
Mailing address
1900 N 2ND ST, MINNEAPOLIS, MN 55411-3472
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2021
—
Sari K Golden INC
—
Deed
related
$150,000 · Northeast Bank
Feb 3, 2021
—
Sari K Golden INC
—
Deed
related
$150,000 · Northeast Bank
Jul 22, 2019
—
Sari K Golden INC
—
Deed
related
—
Jul 18, 2019
—
Sari K Golden INC
—
Deed
related
$150,000 · Northeast Bk
Jul 11, 2019
—
Sari K Golden INC
—
Deed
related
$150,000 · Northeast Bk
Jul 9, 2019
—
Sari K Golden INC
—
Deed
related
—
Jul 1, 2019
—
Sari K Goden
—
Deed
related
—
Oct 20, 2016
—
Sari K Golden INC
—
Deed
related
$225,203 · Northeast Bk
Oct 17, 2016
—
Sari K Golden INC
—
Deed
related
$225,203 · Northeast Bk
—
—
Sari K Golden INC
—
Loan Modification
related
$544,137 · Northeast Bk
—
—
Sari K Golden INC
—
Loan Modification
related
$191,831 · Northeast Bk
—
—
Sari K Golden INC
—
Deed Of Trust
related
—
—
—
Sari K Golden INC
—
Deed Of Trust
related
$150,000 · Northeast Bk
—
—
Sari K Golden INC
—
Deed Of Trust
related
$150,000 · Northeast Bk
—
—
Sari K Golden INC
—
Loan Modification
related
—
—
—
Sari K Golden INC
—
Loan Modification
related
—
—
—
Sari K Goden
—
Loan Modification
related
—
—
—
Sari K Golden INC
—
Deed Of Trust
related
—
—
—
Sari K Golden
—
Deed Of Trust
related
—
—
—
Sari K Golden INC
—
Deed Of Trust
related
—
—
—
Sari K Golden INC
—
Loan Modification
related
$225,203 · Northeast Bk
—
—
Sari K Golden INC
—
Loan Modification
related
$225,203 · Northeast Bk
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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