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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Commercial land
2550 Lyndale S Ave Minneapolis, MN 55405-3319
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0623047
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1937
Lot
0.09 ac (3,920 SF)
Zoning code
C1
APN
33-029-24-14-0176
UPID
US46-0623047
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
$2.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
Helios Properties LLC · 1 yrs held
Helios Properties LLC
since 2025
Last sale
$2.6M
6 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
$2,280,000
ML approach
$2,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10% · vs last sale $2.62M (May 12 2025)
Last sale anchor
$2.62M
May 12 2025
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
—
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
$5,178
Tax year 2023
Assessed value
$157,300
Assessed 2023
Previous assessed
$157,300
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$157,300
Land market value
$157,300
Total market value
$157,300
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1937
Heating
NONE
Lot
0.09 ac (3,920 SF)
Zoning code
C1
APN
33-029-24-14-0176
UPID
US46-0623047
Jurisdiction
HENNEPIN
Zoning & alternative use
C1 · Minneapolis, MN
Zoning C1 · permitted uses
C1 · Minneapolis, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Minneapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1937
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
Helios Properties LLC
Entity
Mailing address
2717 IRVING AVE S, MINNEAPOLIS, MN 55408-1050
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
$2,615,000
Helios Properties LLC
Schwartzman LLC
Deed
$2,420,000 · Not Available
Jun 10, 2019
—
Schwartzman LLC
—
Deed
related
$200,000 · Bankcherokee
Mar 5, 2007
$1,500,000
Schwartzman LLC
Kander Group INC
Warranty Deed
—
Mar 5, 2007
$725,000
Kander Group INC
Burke,jean E
Warranty Deed
—
—
—
Schwartzman LLC
—
Deed Of Trust
related
$200,000 · Bankcherokee
—
—
Schwartzman LLC
—
Deed Of Trust
related
$765,000 · Bankcherokee
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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