Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2500 12th Minnehaha Ave Minneapolis, MN 55404-4118
    Back to Search
    Property profile & analytics

    2500 12th Minnehaha Ave Minneapolis, MN 55404-4118

    View on Map
    • Industrial land
    • 0.34 lot acres
    Off-Market
    Last Sale Oct 31, 2024
    $2,900,000
    Property ID
    US46-0453003
    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.
    Value Estimations
    $2,900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tibyan community Center مركز التبيان / Training Center / Tutoring Service
    • Dugsi For children / Training Center / Tutoring Service
    • Family Care Services, Inc / Home Health Care Service
    • Family Home Health Care, Inc / Home Health Care Service

    Property Details for 2500 12th Minnehaha Ave

    Year built
    1900
    Lot size
    0.34 lot acres
    Zone code
    I2
    Property type
    Industrial land
    APN
    36-029-24-24-0095
    APU
    3602924240095

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,900,000
      ML approach
      $2,900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2415
    Latitude
    44.9572
    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
    $6,032
    $144,200
    $0.00
    $144,200
    -
    $144,200
    $0.00
    $144,200

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      1921 10th S Ave

      INDUSTRIAL - VACANT LAND • 0.01 Acres
      1921 10th S Ave, Minneapolis, MN 55404-2008
      View Details
    • Value Estimation by Request
      0.10 Acres

      2514 23rd S Ave

      INDUSTRIAL - VACANT LAND • 0.10 Acres
      2514 23rd S Ave, Minneapolis, MN 55404-4106
      View Details
    • Value Estimation by Request
      0.68 Acres

      1909 Hiawatha Ave

      INDUSTRIAL - VACANT LAND • 0.68 Acres
      1909 Hiawatha Ave, Minneapolis, MN 55404
      View Details
    • Value Estimation by Request
      0.12 Acres

      1802 Franklin Ave

      INDUSTRIAL - VACANT LAND • 0.12 Acres
      1802 Franklin Ave, Minneapolis, MN 55404-2217
      View Details
    • Value Estimation by Request
      0.29 Acres

      1800 Franklin Ave

      INDUSTRIAL - VACANT LAND • 0.29 Acres
      1800 Franklin Ave, Minneapolis, MN 55404-2217
      View Details
    • Value Estimation by Request
      0.17 Acres

      2317 Snelling Ave

      INDUSTRIAL - VACANT LAND • 0.17 Acres
      2317 Snelling Ave, Minneapolis, MN 55404-3158
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,544 SF

      Downtown Minneapolis Redevelopment Opportunity

      Downtown Minneapolis site for potential redevelopment.
      414 S 8Th St, Minneapolis, MN 55404
      View Details
    • $1,600,000
      3,000 SF

      Chase Bank Investment Opportunity

      NNN leased Chase Bank with strong demographics near downtown Minneapolis.
      1100 E Franklin Ave, Minneapolis, MN 55404
      View Details
    • $1,950,000
      23,000 SF

      Minneapolis Office Building For Sale

      Office building with 23,000 square feet of space.
      2118 Blaisdell Ave S, Minneapolis, MN 55404
      View Details
    • Contact for pricing

      Minneapolis 30-Unit Apartment Building

      30-unit apartment building in Whittier, Minneapolis, near downtown.
      2427 Blaisdell Ave, Minneapolis, MN 55404
      View Details
    • Contact for pricing
      18,894 SF

      Minneapolis Multifamily Investment Opportunity

      39 units, 100% occupied, walkable location near downtown Minneapolis.
      2323 Clinton Ave, Minneapolis, MN 55404
      View Details
    • $1,899,900

      Seward Multifamily Investment Opportunity

      Multifamily property in Seward neighborhood with 16 rental units.
      2020 E Franklin Ave, Minneapolis, MN 55404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,030 SF

      Seward Neighborhood Office Space

      Office space in Seward Neighborhood with convenient access and parking.
      2200 E Franklin Ave, Minneapolis, MN 55404
      View Details
    • Contact for pricing
      9,441 SF

      Retail Space in Mixed-Use Development

      Retail space available in new Minneapolis mixed-use development.
      813-815 Portland Ave S, Minneapolis, MN 55404
      View Details
    • Contact for pricing
      1,430 SF

      Minneapolis Office Building For Sale

      Office building in Whittier neighborhood, ideal for nonprofits/religious tenants.
      122 W Franklin Ave, Minneapolis, MN 55404
      View Details
    • 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 55404
      View Details
    • Contact for pricing
      15,157 SF

      Office and Medical Space Available

      Office and medical space for rent near hospitals.
      910 E 26Th St, Minneapolis, MN 55404
      View Details
    • Contact for pricing
      13,320 SF

      Downtown Minneapolis Office Space

      13,320 SF office space in Elliot Park neighborhood.
      817 5Th Ave S, Minneapolis, MN 55404
      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.
    2500 12th Minnehaha Ave
    Minneapolis, MN 55404-4118
    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

    Thank You for Inquiry
    2500 12th Minnehaha Ave, Minneapolis, MN, 55404
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!