Individually Owned Property summary
AI-generated overview
This exceptional restaurant opportunity is located at 2933 Lyndale Ave S in Minneapolis, Minnesota, within the desirable Lynn Lake neighborhood. The property boasts a spacious 3,550 square feet of interior space, perfectly suited for a thriving culinary establishment. Built in 1920, the building sits on a 0.11-acre lot, offering convenient access and visibility. The property's prime location along Lyndale Avenue ensures high foot traffic and excellent exposure to potential customers. The sale includes the option of purchasing the existing furniture, fixtures, and equipment (FF&E), providing a seamless transition for a new owner. Ample parking is readily available, with an adjacent public parking lot and convenient street parking options. The asking price for this turn-key restaurant is $1,500,000. This presents a unique chance to acquire a well-established restaurant in a vibrant Minneapolis location. The property is zoned for restaurant use and is ready for immediate operation. Don't miss this chance to own a piece of Minneapolis' culinary scene. Serious inquiries only.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
CONCRETE
Total area
3,632 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C3A
APN
34-029-24-33-0112
UPID
US46-0791959
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
-
Department Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$625k
Owner & transaction history
since 2000
2 recorded transactions
Zoning & alternative use
C3A · 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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$625k
Value range
$563k – $688k
±10% around blend
Estimated value / SF
$172 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$563k
blend $625k
$688k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,632 SF
Lot area
0.11 ac
Year built
1920
Stories
1
APN
34-029-24-33-0112
Zoning
C3A
Assessed value
$1,068,800
Annual tax
$33,886
3
Income approach: direct capitalization
Partial preview
Income approach indication
$630k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$685k
@ 6.5% CAP return
$630k
@ 7% CAP return
$585k
4
Sales comparison
Partial preview
Sales approach indication
$967k
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.8 mi away · 3,555 SF
3.6 mi away · 4,272 SF
4.0 mi away · 4,360 SF
4.5 mi away · 4,412 SF
4.9 mi away · 3,224 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$625k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 72 sales
$179
-4%
Submarket 1192 sales
$151
+14%
County 1276 sales
$160
+7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $172/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
Not available
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 · 14 sales
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$1.07M
Move the market yield to see immediate price impact.
Value / SF
$294
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%
$67k
$1.35M
$962k
$748k
$75k
$1.50M
$1.07M
$831k
$82k
$1.65M
$1.18M
$914k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$1.00M
0.7 mi · Feb 2026 · $329/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,886
Tax year 2023
Assessed value
$1,068,800
Assessed 2023
Previous assessed
$855,000
+25.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$190,300
Assessed improvement
$878,500
Land market value
$190,300
Improvement market value
$878,500
Total market value
$1,068,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
3,632 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C3A
APN
34-029-24-33-0112
UPID
US46-0791959
Jurisdiction
HENNEPIN
Zoning & alternative use
C3A · Minneapolis, MNZoning C3A · permitted uses
C3A · Minneapolis, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C3A
Jurisdiction
Minneapolis, MN
Recorded code
C3A
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C3A 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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