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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Industrial properties
2350 2nd SE Ave Cambridge, MN 55008-4104
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-1208589
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2004
Construction
CONCRETE BLOCKS
Total area
3,524 SF
Lot
1 ac (43,560 SF)
APN
15.168.0020
UPID
US46-1208589
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Elliot A Scott · 5 yrs held
Elliot A Scott
since 2021
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
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 Cambridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cambridge 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
$2,150,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.00M (May 25 2021)
Last sale anchor
$2.00M
May 25 2021
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
$590 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$20,308
Tax year 2022
Assessed value
$669,200
Assessed 2023
Previous assessed
$669,200
+0.0% YoY
Effective rate
3.03%
On assessed value
Assessed land
$304,900
Assessed improvement
$364,300
Land market value
$304,900
Improvement market value
$364,300
Total market value
$669,200
Applied tax rate
1,501.0000
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
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
REFRIGERATOR
Bathrooms
2
Total area
3,524 SF
Lot
1 ac (43,560 SF)
APN
15.168.0020
UPID
US46-1208589
Jurisdiction
ISANTI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Elliot A Scott
Individual
Mailing address
5252 BALBOA AVE STE #1000, SAN DIEGO, CA 92117-7010
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
$2,000,000
Elliot A Scott
South Bridge LLC
Special Warranty Deed
$1,200,000 · Calprivate Bank
May 11, 2021
$2,000,000
Elliot A Scott
South Bridge LLC
Grant Deed
—
May 27, 2014
$1,730,000
South Bridge LLC
Beugen Robert J Trust
Grant Deed
—
Feb 22, 2005
$1,678,560
Colonial Properties Of Mn LLP
Cnl Restaurant Investors Prope
Warranty Deed
—
Oct 5, 2004
$390,000
Cnl Restaurant Investors Prope
Owner,record
Warranty Deed
related
—
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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