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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Assisted living facilities
2644 Aldrich S Ave, Minneapolis, MN 55408-1307
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-0566203
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1900
Construction
WOOD
Total area
2,482 SF
Lot
0.12 ac (5,227 SF)
Zoning code
R2B
APN
33-029-24-41-0188
UPID
US46-0566203
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
-
Southside Care Center Retirement Community Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Capgrow Holdings Jv Sub Viii LLC · 4 yrs held
Capgrow Holdings Jv Sub Viii LLC
since 2021
Last sale
$736,081
4 recorded transactions
Zoning & alternative use
R2B · 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
$785,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $736k (Sep 21 2021)
Last sale anchor
$736k
Sep 21 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
$296 / 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
$11,885
Tax year 2023
Assessed value
$743,000
Assessed 2023
Previous assessed
$762,000
-2.5% YoY
Effective rate
1.60%
On assessed value
Assessed land
$162,700
Assessed improvement
$580,300
Land market value
$162,700
Improvement market value
$580,300
Total market value
$743,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
HOT WATER
Stories
2
Rooms
7
Bathrooms
4
Total area
2,482 SF
Lot
0.12 ac (5,227 SF)
Zoning code
R2B
APN
33-029-24-41-0188
UPID
US46-0566203
Jurisdiction
HENNEPIN
Zoning & alternative use
R2B · Minneapolis, MN
Zoning R2B · permitted uses
R2B · 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
1900
Construction
WOOD
Heating
HOT WATER
Stories
2
Rooms
7
Bathrooms
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Capgrow Holdings Jv Sub Viii LLC
Entity
Free & Clear · 4 yrs held
Mailing address
320 W OHIO ST STE #650, CHICAGO, IL 60654-7816
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
—
Capgrow Holdings Jv Sub Viii LLC
—
Deed
related
$24,982,000 · Berkadia Commercial Mortgage LLC
Sep 21, 2021
$736,081
Capgrow Holdings Jv Sub Viii LLC
Haelan House LLC
Limited Warranty Deed
—
Apr 19, 2019
$600,000
Haelan House LLC
Melon Investments LLC
Trustees Deed
$4,743,700 · Bell Bk
Aug 7, 2018
$472,000
Melon Investments LLC
Kronfeld Marcy
Grant Deed
$657,600 · Bell 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.
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