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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Commercial land
3013 Harriet Ave Minneapolis, MN 55408-2906
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-1124516
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Lot
0.07 ac (3,049 SF)
Zoning code
R4
APN
03-028-24-22-0046
UPID
US46-1124516
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Ibys LLC · 1 yrs held
Ibys LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
R4 · Minneapolis, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Minneapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minneapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Nov 26 2024)
Last sale anchor
$1.20M
Nov 26 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,672
Tax year 2023
Assessed value
$118,300
Assessed 2023
Previous assessed
$118,300
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$118,300
Land market value
$118,300
Total market value
$118,300
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Heating
NONE
Lot
0.07 ac (3,049 SF)
Zoning code
R4
APN
03-028-24-22-0046
UPID
US46-1124516
Jurisdiction
HENNEPIN
Zoning & alternative use
R4 · Minneapolis, MN
Zoning R4 · permitted uses
R4 · Minneapolis, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Minneapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Ibys LLC
Entity
Mailing address
2118 4TH AVE S, MINNEAPOLIS, MN 55404-2642
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
$1,200,000
Ibys LLC
Northbay Holdings LLC
Warranty Deed
$970,000 · Metropolitan Economic Development A
Jun 27, 2019
$500
Northbay Holdings LLC
Nb Property2 LLC
Quit Claim Deed
related
—
Jun 27, 2019
—
Northbay Holdings LLC
—
Deed
related
—
May 9, 2018
—
Cpm Dev LLC
—
Deed
related
—
Feb 25, 2015
$270,000
Uptown Redux LLC
Vang Chai
Grant Deed
—
Jan 15, 2015
$240,259
Chai Vang
Uptown Redux LLC
Grant Deed
—
Jan 15, 2015
$570,000
Amundson INC|vang,chai
Vang,chai
Dual Purpose Document
related
$370,000 · Chai Vang
Jul 11, 2011
$240,258
Chai Vang
Christy,bonneigh & Jack F
Grant Deed
—
—
—
Northbay Holdings LLC
—
Loan Modification
related
—
—
—
Cpm Dev LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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