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Property profile & analytics
FOR SALE
Industrial properties
2645 26Th Ave S, Minneapolis, MN 55406
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0833521
For Sale
1 / 2
$3,200,000
2645 26Th Ave S, Minneapolis, MN 55406
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Construction
CONCRETE
Total area
29,110 SF
Lot
0.96 ac (41,818 SF)
Zoning code
I1
APN
36-029-24-42-0026
UPID
US46-0833521
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
-
Glenn Cronkhite Corporate Office
-
Randbright Industrial Manufacturer Production Facility
-
Timesavers, LLC. - Minneapolis Factory Industrial Manufacturer
-
La Ink Environmental Consultant Professional Services
-
Northcott Banners (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.58M
Owner & transaction history
Mwa Real Estate LLC · 4 yrs held
Mwa Real Estate LLC
since 2022
2 recorded transactions
Zoning & alternative use
I1 · Minneapolis, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+54.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,710,000
Current use
COMMERCIAL (GENERAL)
$4,195,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±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
$88 / 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
$65,898
Tax year 2023
Assessed value
$2,175,000
Assessed 2023
Previous assessed
$1,826,000
+19.1% YoY
Effective rate
3.03%
On assessed value
Assessed land
$378,000
Assessed improvement
$1,797,000
Land market value
$378,000
Improvement market value
$1,797,000
Total market value
$2,175,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1972
Construction
CONCRETE
Heating
CONVECTION
Cooling
YES
Stories
1
Total area
29,110 SF
Lot
0.96 ac (41,818 SF)
Zoning code
I1
APN
36-029-24-42-0026
UPID
US46-0833521
Jurisdiction
HENNEPIN
Zoning & alternative use
I1 · Minneapolis, MN
Zoning I1 · permitted uses
I1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
CONVECTION
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Mwa Real Estate LLC
Entity
Mailing address
1230 N STATE PKWY APT 11A, CHICAGO, IL 60610-2279
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
Mwa Real Estate LLC
A & M Building Ltd Liability Prtnrs
Limited Warranty Deed
$2,160,000 · Citizens Independent Bank
May 31, 2022
$2,700,000
Mwa Real Estate LLC
A & M Building Ltd Liability Prtnrs
Limited Warranty Deed
$2,160,000 · Citizens Independent Bank
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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