Property profile

2104 Hastings Ave Newport, MN 55055

OFF-MARKET
Office buildings
Property ID
US46-0094630
12,504 SF 0.19 ac lot Built 1918
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1918
Total area 12,504 SF
Lot 0.19 ac (8,316 SF)
APN 25-028-22-32-0018
UPID US46-0094630

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
  • Bank Loan Service
  • Dental Office
  • Insurance Agency

Location

2104 Hastings Ave Newport, MN 55055-1501
Newport metro Census 71003 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$390k

Owner & transaction history

since 2021
3 recorded transactions
2021
$641,500
2011
$1.1M
1999
$780,112

Zoning & alternative use

Top alternative use upside
Warehouse, storage $2.2M +17.3%
Commercial (general) $2.2M +16.3%
Retail stores $2.2M +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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