Entity Owned 
For Lease
1 / 7
$13 SF/Yr
2701 University Ave Southeast, Minneapolis, MN 55414
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Property summary
AI-generated overview
This 1,915-square-foot office suite is immediately available in the North Star Professional Center, a Class B building (73,710 total square feet) constructed in 1981. Located at 2701 University Ave SE, Minneapolis, MN 55414, this northwest corner suite boasts windows on two sides and offers abundant natural light. The space includes a built-in sink and is in move-in condition. The building features two elevators, underground and surface parking, a security guard, and a recently renovated common area. The building is sprinklered. The property benefits from a responsive landlord and local ownership and management. An improvement allowance is available. The net rent is $13.00 per square foot per year, with estimated 2023 operating expenses of $12.84 per square foot per year. This popular Midway location offers easy access to I-35W, Hwy 280, and I-94, and is conveniently situated near the University of Minnesota campus, a light rail station, bus stop, hotels, retail, post office, banks, restaurants, and regional bike trails. Walkable proximity to Surly Brewing and Fresh Thyme Farmers Market adds to its appeal.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1946
Construction
CONCRETE
Total area
115,478 SF
Lot
2.84 ac (123,710 SF)
Zoning code
I2
APN
11-029-24-21-0015
UPID
US46-0280719
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician Medical Clinic
-
Insurance Agency
-
Law Firm
-
Law Firm
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.78M
Blend (final)
Blend
$4.26M
Owner & transaction history
since 2026
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
I2 · Minneapolis, MN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$4.26M
Value range
$3.83M – $4.68M
±10% around blend
Estimated value / SF
$37 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
Income certainty
100
$3.83M
blend $4.26M
$4.68M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
115,478 SF
Lot area
2.84 ac
Year built
1946
Stories
1
APN
11-029-24-21-0015
Zoning
I2
Assessed value
$3,800,000
Annual tax
$127,126
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$127,126
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$13.89M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.5 mi away · 137,051 SF
3.5 mi away · 137,051 SF
11.8 mi away · 104,969 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.26M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 297 sales
$93
-60%
County 314 sales
$98
-63%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $37/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$342k
Move the market yield to see immediate price impact.
Value / SF
$3
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$22k
$431k
$308k
$239k
$24k
$479k
$342k
$266k
$26k
$526k
$376k
$292k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$29.63M
3.4 mi · Mar 2026 · $296/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$127,126
Tax year 2023
Assessed value
$3,800,000
Assessed 2023
Previous assessed
$3,200,000
+18.8% YoY
Effective rate
3.35%
On assessed value
Assessed land
$1,184,100
Assessed improvement
$2,615,900
Land market value
$1,184,100
Improvement market value
$2,615,900
Total market value
$3,800,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1946
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
115,478 SF
Lot
2.84 ac (123,710 SF)
Zoning code
I2
APN
11-029-24-21-0015
UPID
US46-0280719
Jurisdiction
HENNEPIN
Zoning & alternative use
I2 · Minneapolis, MNZoning I2 · permitted uses
I2 · Minneapolis, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1946
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I2
Jurisdiction
Minneapolis, MN
Recorded code
I2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I2 in Minneapolis, MN.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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