Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2409 Lyndale S Ave, Unit 101 Minneapolis, MN 55405-3357

    • Commercial real estate
    • 1,079 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0985159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • John Carlson, NCBTMB / Alternative Medicine Practice / Spa & Massage Center
    • Nepali-Children.org / Charitable Organization / Social Service Agency
    • Brovado Wedding Photography / Wedding Service / Photography Service
    • Putt Craft / Gym & Fitness Center / Sports Field & Court
    • Ecopolitan Eco-Health Community / Charitable Organization / Social Service Agency

    Property Details for 2409 Lyndale S Ave

    Year built
    1911
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    1,079 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    34-029-24-23-0234
    APU
    3402924230234

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2876
    Latitude
    44.9587
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,673
    $99,000
    $76,500
    $175,500
    -
    $99,000
    $76,500
    $175,500

    Comparable in this City

    • Value Estimation by Request
      3,138 SF

      1138 Glenwood Ave

      COMMERCIAL (GENERAL) • 3,138 SF
      1138 Glenwood Ave, Minneapolis, MN 55405-1430
      View Details
    • Value Estimation by Request
      2,690 SF

      901 Olson Memorial Hwy

      COMMERCIAL (GENERAL) • 2,690 SF
      901 Olson Memorial Hwy, Minneapolis, MN 55405-1359
      View Details
    • Value Estimation
      $3,220,000
      25,548 SF

      525 7th St

      COMMERCIAL (GENERAL) • 25,548 SF
      525 7th St, Minneapolis, MN 55405-1523
      View Details
    • Value Estimation
      $740,000
      5,862 SF

      1922 4th N Ave

      COMMERCIAL (GENERAL) • 5,862 SF
      1922 4th N Ave, Minneapolis, MN 55405-1112
      View Details
    • Value Estimation by Request
      2,212 SF

      1930 Glenwood Ave

      COMMERCIAL (GENERAL) • 2,212 SF
      1930 Glenwood Ave, Minneapolis, MN 55405-1248
      View Details
    • Value Estimation by Request
      2,920 SF

      2548 Hennepin Ave

      COMMERCIAL (GENERAL) • 2,920 SF
      2548 Hennepin Ave, Minneapolis, MN 55405-3548
      View Details

    Similar Nearby for Sale

    • $1,760,000
      14,849 SF

      Hennepin Ave Mixed-Use Investment

      Prime Minneapolis retail & restaurant opportunity.
      2400-2414 Hennepin Ave, Minneapolis, MN 55405
      View Details
    • $1,150,000
      5,070 SF

      Mixed-Use Building Near Major Interstates

      5,500 SF building with office and industrial space for sale.
      2316 4Th Ave S, Minneapolis, MN 55405
      View Details
    • $1,400,000
      6,000 SF

      Wayzata Blvd Office Building, Minneapolis

      Prime Minneapolis office, 6,000 sq ft, Hwy 394 access.
      2600 Wayzata Blvd, Minneapolis, MN 55405
      View Details
    • $1,760,000
      14,849 SF

      Hennepin Avenue Mixed-Use Investment

      Value-add mixed-use property in South Minneapolis, anchored by Spyhouse Coffee.
      2400-2414 Hennepin Ave, Minneapolis, MN 55405
      View Details
    • Contact for pricing
      10,400 SF

      Minneapolis Warehouse - 10,400 SF

      1-Story Warehouse, 8 Docks, Prime Location
      156 Irving Ave, Minneapolis, MN 55405
      View Details
    • Contact for pricing
      18,088 SF

      Downtown Minneapolis Apartment Building

      19-unit apartment building in downtown Minneapolis, renovated in 2009.
      1920 3Rd Ave S, Minneapolis, MN 55405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,753 SF

      Retail Space in Minneapolis

      Retail space available for lease in Minneapolis, MN.
      1301-1311 E Franklin Ave, Minneapolis, MN 55405
      View Details
    • Contact for pricing
      152 SF

      Charming Lowry Hill Office Space

      Spacious office suites with Victorian charm, ideal for professionals.
      2124 Dupont Ave S, Minneapolis, MN 55405
      View Details
    • $18 SF/Yr
      2,277 SF

      West Loop Creative Office Space

      Creative office space in the West Loop neighborhood.
      811 Glenwood Ave, Minneapolis, MN 55405
      View Details
    • $16 SF/Yr
      2,510 SF

      Minneapolis Office Space For Rent

      Office space available for lease in Minneapolis, Minnesota.
      245-275 Market St, Minneapolis, MN 55405
      View Details
    • Contact for pricing
      3,000 SF

      Uptown Retail/Office Space Available

      Historic building in vibrant Uptown, ideal for retail or office.
      2110 Lyndale Ave S, Minneapolis, MN 55405
      View Details
    • $15 SF/Yr
      3,714 SF

      Minneapolis Office and Warehouse Space

      Office and warehouse space in the Bryn Mawr neighborhood.
      225 Thomas Ave N, Minneapolis, MN 55405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2409 Lyndale S Ave, Unit 101
    Minneapolis, MN 55405-3357
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.