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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3600 Alabama S Ave St Louis Park, MN 55416-2465

    • Industrial properties
    • 452,826 SF
    • 2.16 lot acres
    OFF-MARKET
    Value Estimations
    $26,425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0548332
    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

    • NORDICWARE / Warehouse & Storage

    Property Details for 3600 Alabama S Ave

    Year built
    1951
    Construction
    CONCRETE BLOCKS
    Lot size
    2.16 lot acres
    Property size
    452,826 SF
    Property type
    Industrial properties
    APN
    16-117-21-33-0096
    APU
    1611721330096

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $26,603,000
      Market price range: $26.6M - $66.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    St Louis Park
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3568
    Latitude
    44.9372
    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
    $128,213
    $1,412,000
    $2,739,000
    $4,151,000
    -
    $1,412,000
    $2,739,000
    $4,151,000

    Comparable in this City

    • Value Estimation by Request

      6305 Cambridge St

      INDUSTRIAL (GENERAL)
      6305 Cambridge St, St Louis Park, MN 55416-2400
      View Details
    • Value Estimation
      $17,310,000
      253,224 SF

      4700 Park Gln Rd

      INDUSTRIAL (GENERAL) • 253,224 SF
      4700 Park Gln Rd, St Louis Park, MN 55416-5701
      View Details
    • Value Estimation
      $10,620,000
      146,580 SF

      4300 Park Gln Rd

      INDUSTRIAL (GENERAL) • 146,580 SF
      4300 Park Gln Rd, St Louis Park, MN 55416-4759
      View Details
    • Value Estimation
      $39,315,000
      540,276 SF

      5305 Parkdale Dr

      INDUSTRIAL (GENERAL) • 540,276 SF
      5305 Parkdale Dr, St Louis Park, MN 55416-1651
      View Details
    • Value Estimation
      $4,135,000
      75,480 SF

      3517 Raleigh Ave

      INDUSTRIAL (GENERAL) • 75,480 SF
      3517 Raleigh Ave, St Louis Park, MN 55416-2625
      View Details
    • Value Estimation
      $1,445,000
      36,000 SF

      1342 Colorado S Ave

      INDUSTRIAL (GENERAL) • 36,000 SF
      1342 Colorado S Ave, St Louis Park, MN 55416-1220
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,076 SF

      Industrial Portfolio on Alabama Avenue

      Industrial portfolio available for sale in St Louis Park.
      3978-3990 Alabama Ave S, St Louis Park, MN 55416
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    • Contact for pricing
      23,869 SF

      St Louis Park Warehouse Space

      Warehouse space with flexible loading and highway access.
      4290-4300 Park Glen Rd, St Louis Park, MN 55416
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    • Contact for pricing

      Flex/Warehouse Building in St. Louis Park

      Flex/Warehouse building with easy highway access and mixed-use space.
      St Louis Park, MN 55416
      View Details
    • $6,223,521
      14,600 SF

      St. Louis Park NNN Property

      NNN leased property in affluent St. Louis Park neighborhood.
      4140 Excelsior Blvd, St Louis Park, MN 55416
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    • Contact for pricing
      8,114 SF

      Excelsior Blvd Retail Assemblage

      Retail properties for sale on Excelsior Blvd in St. Louis Park.
      4617-4631 Excelsior Blvd, St Louis Park, MN 55416
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    • $1,200,000
      5,200 SF

      Excelsior Blvd Retail Opportunity

      Retail property on Excelsior Blvd in St. Louis Park.
      4631 Excelsior Blvd, St Louis Park, MN 55416
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      7,047 SF

      Creative Office/Lab/Tech Space Available

      7,047 SF flex space with build-out options.
      4200-4250 Park Glen Rd, St Louis Park, MN 55416
      View Details
    • Contact for pricing
      6,123 SF

      Office/Showroom Space Near I-394

      High-image office/showroom space with convenient highway access and flexible layouts.
      4700-4850 Park Glen Rd, St Louis Park, 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
      60,414 SF

      Cambridge Business Center: Warehouse Space

      St. Louis Park warehouse, flexible lease terms.
      6305 Cambridge St, Minneapolis, MN 55416
      View Details
    • Contact for pricing

      High Image Office/Showroom Space

      Centrally located office/showroom with convenient highway access and retail proximity.
      4700 Park Glen Rd, Minneapolis, MN 55416
      View Details
    • $21 SF/Yr
      4,095 SF

      Retail and Warehouse Space Available

      Retail and warehouse space with highway visibility and parking.
      5500 W 36Th St, St Louis Park, MN 55416
      View Details
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    3600 Alabama S Ave
    St Louis Park, MN 55416-2465
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    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
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