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Property profile & analytics
OFF-MARKET
Commercial land
320 Market St K, Minneapolis, MN 55405-1701
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US46-0452984
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.04 ac (1,742 SF)
Zoning code
C3A
APN
21-029-24-41-0030
UPID
US46-0452984
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Market Ridge LLC · 8 yrs held
Market Ridge LLC
since 2017
7 recorded transactions
Zoning & alternative use
C3A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$667
Tax year 2023
Assessed value
$21,500
Assessed 2023
Previous assessed
$21,500
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$21,500
Land market value
$21,500
Total market value
$21,500
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
Heating
NONE
Lot
0.04 ac (1,742 SF)
Zoning code
C3A
APN
21-029-24-41-0030
UPID
US46-0452984
Jurisdiction
HENNEPIN
Zoning & alternative use
C3A · Minneapolis, MN
Zoning C3A · permitted uses
C3A · 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
Heating
NONE
Lot
0.04 ac
Current owner
From public records · entity-resolved
Market Ridge LLC
Entity
Mailing address
3601 MINNESOTA DR STE #510, BLOOMINGTON, MN 55435-5835
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
35 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2018
—
Market Ridge LLC
—
Loan Modification
related
$23,725,000 · Cibc Bk USA
Aug 2, 2017
$28,800,000
Market Ridge LLC
Geneva Imsx II LLC
Trustees Deed
$23,725,000 · Privatebank & Tr
Aug 2, 2017
—
Geneva Office Exchange Viii
Geneva Imsx I LLC
Quit Claim Deed
related
—
Sep 26, 2007
$1,724,256
Geneva Imsx Xxxix LLC
Geneva Office Exchange Viii Ll
Warranty Deed
—
May 17, 2007
$1,113,036
Geneva Imsx Xxxviii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Apr 27, 2007
$422,978
Geneva Imsx Xxxvii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Apr 27, 2007
$832,662
Geneva Imsx Xxxv LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Apr 17, 2007
$845,956
Geneva Imsx Xxx LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Apr 17, 2007
$1,329,359
Geneva Imsx Xxxi LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Apr 17, 2007
$842,330
Geneva Imsx Xxxiv LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Apr 17, 2007
$1,866,500
Geneva Imsx Xxxiii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Apr 17, 2007
$966,807
Geneva Imsx Xxix LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 27, 2007
$1,260,474
Geneva Imsy Xx LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 23, 2007
$1,336,786
Geneva Imsx Xviii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 23, 2007
$401,104
Geneva Imsx Xxv LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 23, 2007
$479,778
Geneva Imsx Xxiii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 23, 2007
$1,212,134
Geneva Imsx Xvi LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 23, 2007
$725,105
Geneva Imsx Xxvii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 23, 2007
$845,956
Geneva Imsx Xvii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 23, 2007
$1,208,508
Geneva Imsx Xxi LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 5, 2007
$845,956
Geneva Imsx Xix LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 5, 2007
$1,208,508
Geneva Imsx Xv LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Mar 2, 2007
$1,241,621
Geneva Imsx X LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Feb 27, 2007
$966,807
Geneva Imsx Xiv LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Feb 27, 2007
$887,528
Geneva Imsx Xii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Feb 27, 2007
$483,403
Geneva Imsx Xi LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Feb 27, 2007
$845,956
Geneva Imsx Xiii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Feb 27, 2007
$725,105
Geneva Imsx Ix LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Feb 15, 2007
$250,161
Geneva Imsx Vii LLC
Geneva Office Exchange Viii Ll
Warranty Deed
—
Feb 15, 2007
$880,672
Geneva Imsx Vi LLC
Geneva Office Exchange Viii Ll
Warranty Deed
—
Feb 13, 2007
$374,637
Geneva Imsx IV LLC
Geneva Office Exchange Viii Ll
Warranty Deed
—
Feb 13, 2007
$836,288
Geneva Imsx III LLC
Geneva Office Exchange Viii Ll
Warranty Deed
—
Feb 13, 2007
$874,637
Geneva Imsx V LLC
Geneva Office Exchange Viii Ll
Warranty Deed
related
—
Feb 5, 2007
$768,000
Geneva Imsx I LLC
Geneva Office Exchange Viii Ll
Warranty Deed
—
Jan 19, 2007
$25,600,000
Geneva Office Exchange Viii Ll
Market Square Real Estate INC
Warranty Deed
—
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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