Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2930 2nd St Minneapolis, MN 55411

    • Industrial properties
    • 155,250 SF
    • 6.42 lot acres
    OFF-MARKET
    Last Sale
    Aug 06, 2021
    Value Estimations
    $10,885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0828981
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • LIB Technologies Skateboards / Security Service

    Property Details for 2930 2nd St

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    6.42 lot acres
    Property size
    155,250 SF
    Zone code
    I2
    Property type
    Industrial properties
    APN
    10-029-24-31-0099
    APU
    1002924310099

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,783,000
      Market price range: $9.12M - $22.8M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $14,450,000
      Current use
      COMMERCIAL (GENERAL)
      $12,980,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2795
    Latitude
    45.0096
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $321,073
    $1,385,900
    $9,014,100
    $10,400,000
    -
    $1,385,900
    $9,014,100
    $10,400,000

    Comparable in this City

    • Value Estimation
      $4,310,000
      61,966 SF

      1000 Humboldt N Ave

      INDUSTRIAL (GENERAL) • 61,966 SF
      1000 Humboldt N Ave, Minneapolis, MN 55411-3964
      View Details
    • Value Estimation
      $3,540,000
      51,809 SF

      2108 Washington N Ave

      INDUSTRIAL (GENERAL) • 51,809 SF
      2108 Washington N Ave, Minneapolis, MN 55411-2221
      View Details
    • Value Estimation
      $3,095,000
      41,225 SF

      1501 Riv Rd

      INDUSTRIAL (GENERAL) • 41,225 SF
      1501 Riv Rd, Minneapolis, MN 55411-3430
      View Details
    • Value Estimation
      $2,140,000
      28,315 SF

      2115 2nd St

      INDUSTRIAL (GENERAL) • 28,315 SF
      2115 2nd St, Minneapolis, MN 55411-2204
      View Details
    • Value Estimation
      $8,445,000
      138,794 SF

      2410 2nd St

      INDUSTRIAL (GENERAL) • 138,794 SF
      2410 2nd St, Minneapolis, MN 55411
      View Details
    • Value Estimation
      $4,990,000
      68,586 SF

      2300 2nd St

      INDUSTRIAL (GENERAL) • 68,586 SF
      2300 2nd St, Minneapolis, MN 55411-2277
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,400 SF

      Minneapolis Manufacturing/Redevelopment Opportunity

      Centrally located industrial property suitable for manufacturing or redevelopment.
      156 Irving Ave N, Minneapolis, MN 55411
      View Details
    • $1,350,000
      4,970 SF

      Retail Property on Bryant Avenue

      Retail property with multiple units in a prime location.
      3552-3554 Bryant Ave S, Minneapolis, MN 55411
      View Details
    • Contact for pricing
      52,560 SF

      Hawthorn Crossings Retail Investment Opportunity

      Multi-tenant retail center in Minneapolis' core commercial corridor.
      902-916 W Broadway Ave, Minneapolis, MN 55411
      View Details
    • Contact for pricing

      Minneapolis Sanctuary with Cathedral Vault

      Sanctuary with high cathedral vault, skylights, and wood finishes.
      1922 25Th Ave N, Minneapolis, MN 55411
      View Details
    • $165,000
      1,339 SF

      Charming Condo Near Theo Wirth

      Well-maintained condo blending charm and modern comfort near Theo Wirth.
      Unknown, Minneapolis, MN 55411
      View Details
    • $34,900
      0.12 Acres

      Residential Land in Minneapolis

      Residential land suitable for single-family, duplex, or triplex development.
      1519 Oliver Ave N, Minneapolis, MN 55411
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      7,700 SF

      Historic Minneapolis Landmark For Rent

      Historic building with adaptable space and flexible industrial zoning.
      4430 N Lyndale Ave, Minneapolis, MN 55411
      View Details
    • Contact for pricing
      9,843 SF

      Minneapolis Warehouse with Flexible Options

      Functional warehouse space near North Loop with versatile layouts.
      260 Plymouth Ave N, Minneapolis, MN 55411
      View Details
    • Contact for pricing

      Minneapolis Warehouse Space Available

      Warehouse space for rent in Minneapolis.
      2800 North Pacific St, Minneapolis, MN 55411
      View Details
    • Contact for pricing
      31,350 SF

      Northrup King Building Space Available

      Office, industrial, and warehouse space for lease in Minneapolis.
      802 18Th Ave NE, Minneapolis, MN 55411
      View Details
    • Contact for pricing
      11,865 SF

      Minneapolis Warehouse, Office, Creative Space

      Central location with industrial, office, and creative spaces available.
      2518 N 2Nd St, Minneapolis, MN 55411
      View Details
    • Contact for pricing
      2,800 SF

      Affordable Warehouse Space Available

      2,800 SF warehouse space ideal for storage or small businesses.
      2201 N 2Nd St, Minneapolis, MN 55411
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2930 2nd St
    Minneapolis, MN 55411
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!