Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2950 Joppa S Ave St Louis Park, MN 55416-4105

    • Commercial real estate
    • 3,581 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1216026
    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

    • Darchei Noam / Synagogue

    Property Details for 2950 Joppa S Ave

    Year built
    1904
    Lot size
    0.69 lot acres
    Property size
    3,581 SF
    Property type
    Commercial real estate
    APN
    31-029-24-43-0193
    APU
    3102924430193

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    St Louis Park
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3342
    Latitude
    44.949
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.90 Acres

      6300 Wayzata Blvd

      COMMERCIAL (GENERAL) • 2.90 Acres
      6300 Wayzata Blvd, Golden Valley, MN 55416-1212
      View Details
    • Value Estimation by Request
      4.51 Acres

      6099 Wayzata Blvd

      COMMERCIAL (GENERAL) • 4.51 Acres
      6099 Wayzata Blvd, St Louis Park, MN 55416-5538
      View Details
    • Value Estimation by Request
      1.63 Acres

      4450 Excelsior Blvd

      COMMERCIAL (GENERAL) • 1.63 Acres
      4450 Excelsior Blvd, St Louis Park, MN 55416-4816
      View Details
    • Value Estimation by Request
      1.33 Acres

      3059 Joppa S Ave

      COMMERCIAL (GENERAL) • 1.33 Acres
      3059 Joppa S Ave, St Louis Park, MN 55416-4458
      View Details
    • Value Estimation by Request
      5,485 SF

      3126 Lk St, Unit 1

      COMMERCIAL (GENERAL) • 5,485 SF
      3126 Lk St, Minneapolis, MN 55416-6802
      View Details
    • Value Estimation
      $2,295,000
      269,460 SF

      2230 State Hwy 100th S

      COMMERCIAL (GENERAL) • 269,460 SF
      2230 State Hwy 100th S, Minneapolis, MN 55416
      View Details

    Similar Nearby for Sale

    • $242,000
      972 SF

      Top Floor Loft with Balcony

      Loft with updated features, balcony, and convenient location.
      3640 Wooddale Ave S, Saint Louis Park, MN 55416
      View Details
    • $2,950,000
      15,078 SF

      St. Louis Park Office Building

      High-identity office building with I-394 frontage and on-site parking.
      6311 Wayzata Blvd, St Louis Park, MN 55416
      View Details
    • $1,200,000
      7,490 SF

      Fully Occupied Retail Property

      7,500 SF commercial property with three tenants and billboard revenue.
      6002 Excelsior Blvd, St Louis Park, MN 55416
      View Details
    • Contact for pricing
      2,535 SF

      Excelsior Blvd Commercial Land Available

      Land available on Excelsior Blvd with high traffic volume.
      5900 Excelsior Blvd, St Louis Park, MN 55416
      View Details
    • Contact for pricing
      1.45 Acres

      Saint Louis Park Office Suite

      Private office suite in well-maintained building near Hwy 100.
      6250 Excelsior Blvd, Saint Louis Park, MN 55416
      View Details
    • $2,350,000
      11,088 SF

      St. Louis Park Office Building

      Two-story office building with basement in St. Louis Park.
      5501 Excelsior Blvd, St Louis Park, MN 55416
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,800 SF

      West End Medical Office Space

      Creative medical office space with expansion potential in West End.
      5755 Wayzata Blvd, St Louis Park, MN 55416
      View Details
    • Contact for pricing
      1,525 SF

      Historic Coliseum: BIPOC Entrepreneur Hub

      Renovated office and retail space in historic Longfellow building.
      2700-2800 Lake St E, Minneapolis, MN 55416
      View Details
    • $27 SF/Yr
      1,100 SF

      St Louis Park Warehouse Space

      Unfinished warehouse space available for rent in St Louis Park.
      5600 Excelsior Blvd, St Louis Park, MN 55416
      View Details
    • Contact for pricing
      2,659 SF

      Retail Space Near Beltline Blvd

      Retail spaces available near Beltline Blvd Station, completion November 2023.
      3440 Belt Line Blvd, St Louis Park, MN 55416
      View Details
    • Contact for pricing
      60,414 SF

      Cambridge Business Center: Warehouse Space

      St. Louis Park warehouse, flexible lease terms.
      6305 Cambridge St, Minneapolis, MN 55416
      View Details
    • $24 SF/Yr
      4,000 SF

      Prime St. Louis Park Retail/Office Space

      4,000 SF Class A Space Available Now
      3510 Belt Line Blvd, St. Louis Park, MN 55416
      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.
    2950 Joppa S Ave
    St Louis Park, MN 55416-4105
    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.