Property profile

275 Penn N Ave Minneapolis, MN 55405

OFF-MARKET
Assisted living facilities
Property ID
US46-0690669
50,952 SF 1.7 ac lot Built 1968
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1968
Construction BRICK
Total area 50,952 SF
Lot 1.7 ac (74,052 SF)
Zoning code R4
APN 20-029-24-44-0071
UPID US46-0690669

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
  • Nursing Home

Location

275 Penn N Ave Minneapolis, MN 55405-1216
Minneapolis metro Census 104100 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.15M

Owner & transaction history

since 2023
Last sale
$13.2M
7 recorded transactions
2023
$13.2M
2020
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A
2013
Price N/A

Zoning & alternative use

R4 · Minneapolis, MN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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