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Property profile & analytics
OFF-MARKET
Estimated value
$6,265,000
Industrial properties
3236 California NE St, Minneapolis, MN 55418-1846
Entity Owned
~
Est. High Equity
Property ID
US46-1916714
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
CONCRETE
Total area
77,642 SF
Lot
4.79 ac (208,652 SF)
APN
03-029-24-41-0044
UPID
US46-1916714
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
Current use
Occupant on record · Public records
-
H & H Buying & Selling Building Supply Electrical Service
-
Versare Solutions, LLC. Industrial Manufacturer Production Facility
-
RSI Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.27M
Owner & transaction history
California Street Property Group Ll
California Street Property Group Ll
since 2025
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.1M
+39.8%
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
$4,560,000
ML approach
$4,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,225,000
Current use
COMMERCIAL (GENERAL)
$10,105,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.89M · ±10% · vs last sale $7.45M (May 13 2025)
Last sale anchor
$7.45M
May 13 2025
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
$81 / SF
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
$200,627
Tax year 2023
Assessed value
$6,429,000
Assessed 2023
Previous assessed
$4,124,000
+55.9% YoY
Effective rate
3.12%
On assessed value
Assessed land
$1,497,700
Assessed improvement
$4,931,300
Land market value
$1,497,700
Improvement market value
$4,931,300
Total market value
$6,429,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
STEAM
Stories
2
Total area
77,642 SF
Lot
4.79 ac (208,652 SF)
APN
03-029-24-41-0044
UPID
US46-1916714
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$10.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
STEAM
Stories
2
Lot
4.79 ac
Current owner
From public records · entity-resolved
California Street Property Group Ll
Entity
Mailing address
15259 WILDS PKWY NW, PRIOR LAKE, MN 55372-3277
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
$7,450,000
California Street Property Group Ll
Frec 3236 California LLC
Deed
$4,500,000 · One Community Bank
Nov 9, 2020
$4,250,000
Frec 3236 California LLC
Kempf Gust JR Trust
Grant Deed
$3,450,000 · Crown Bk
Dec 21, 2018
—
Kempf,gust JR Trust
—
Deed
related
—
Jun 6, 2014
$120,000
City Of Minneapolis
Kempf Gust JR Trust
Grant Deed
—
Jan 2, 2009
$500
Kempf,gust JR Trust
Kempf,gust JR & Patricia A
Grant Deed
related
—
—
—
Kempf,gust JR Trust
—
Loan Modification
related
—
—
—
Kempf,gust JR Trust
—
Loan Modification
related
—
—
—
Kempf,gust JR Trust
—
Deed Of Trust
related
$714,225 · Alliance Bk
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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