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Property profile & analytics
FOR SALE
Commercial real estate
2429 Nicollet Ave Minneapolis, MN 55404-3450
Entity Owned
11-yr Hold
Free & Clear
Property ID
US46-1883466
For Sale
1 / 27
$3,400,000
2429 Nicollet Ave, Minneapolis, MN 55404-3450
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1957
Construction
CONCRETE
Total area
13,358 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C1
APN
34-029-24-13-0315
UPID
US46-1883466
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
-
LiveMore ScreenLess Charitable Organization Social Service Agency
-
Hello Cookie Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Zeus Jones Advertising Agency Marketing & Advertising
-
Tiny Tiger Creative Marketing & Advertising (Bike/Boat/Book/etc) Store
-
The Contingent Plan Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$2.38M
Owner & transaction history
Thronos Dios LLC · 11 yrs held
Thronos Dios LLC
since 2015
4 recorded transactions
Zoning & alternative use
C1 · 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%
$2,515,000
6.5%
$2,320,000
7%
$2,155,000
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±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
$178 / 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
$88,100
Tax year 2023
Assessed value
$2,760,000
Assessed 2023
Previous assessed
$2,400,000
+15.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$600,000
Assessed improvement
$2,160,000
Land market value
$600,000
Improvement market value
$2,160,000
Total market value
$2,760,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1957
Construction
CONCRETE
Heating
FORCED AIR
Stories
2
Total area
13,358 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C1
APN
34-029-24-13-0315
UPID
US46-1883466
Jurisdiction
HENNEPIN
Zoning & alternative use
C1 · Minneapolis, MNZoning C1 · permitted uses
C1 · Minneapolis, MN
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
1957
Construction
CONCRETE
Heating
FORCED AIR
Stories
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Thronos Dios LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2429 NICOLLET AVE, MINNEAPOLIS, MN 55404-3450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2015
$721,000
Thronos Dios LLC
Tasks Unlimited Lodges
Warranty Deed
—
Jun 30, 2014
$775,000
Tasks Unlimited Lodges
2429 Nicollet Avenue South L
Grant Deed
—
Jun 9, 2010
$868,500
2429 Nicollet Avenue South LLC
Deputy Sheriff Of Hennepin Cnty
Trustees Deed
—
—
—
Thronos Dios LLC
—
Deed Of Trust
related
$2,800,000 · Venture 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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