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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Turn key restaurants
3701 Stinson NE Blvd, Minneapolis, MN 55421-4211
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-2858504
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1971
Construction
WOOD FRAME
Total area
3,670 SF
Lot
1.04 ac (45,172 SF)
APN
31-30-23-33-0210
UPID
US46-2858504
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
-
The Dive Sports Bar and Grill Bar & Pub Restaurant
-
Nicholson Tuckpointing & Remodeling Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$1.00M
Owner & transaction history
Stinson Apartments LLC · 5 yrs held
Stinson Apartments LLC
since 2020
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$745,000
+2.4%
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
$1,075,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$730,000
Current use
AUTO REPAIR, GARAGE
$745,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Mar 23 2020)
Last sale anchor
$1.00M
Mar 23 2020
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
$272 / 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
$36,818
Tax year 2023
Assessed value
$1,151,400
Assessed 2023
Previous assessed
$1,050,600
+9.6% YoY
Effective rate
3.20%
On assessed value
Assessed land
$406,900
Assessed improvement
$744,500
Land market value
$406,900
Improvement market value
$744,500
Total market value
$1,151,400
Applied tax rate
282.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1971
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
3,670 SF
Lot
1.04 ac (45,172 SF)
APN
31-30-23-33-0210
UPID
US46-2858504
Jurisdiction
RAMSEY
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
RESTAURANT Current
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$645,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1971
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
1.04 ac
Current owner
From public records · entity-resolved
Stinson Apartments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6390 CARLSON DR, EDEN PRAIRIE, MN 55346-1727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
$462,500
Stinson Apartments LLC
Apache Redevelopment LLC
Warranty Deed
—
Mar 23, 2020
$1,000,000
Stinson Holdings LLC
Ss St Anthony LLC
Grant Deed
related
$800,000 · Sharepoint Cu
Oct 15, 2010
$508,500
Ss St Anthony LLC
Tcf Natl Bk
Grant Deed
$1,300,000 · Branch Bk&tr
Oct 5, 2009
—
Tcf Natl Bk
Bs 3701 LLC
Deed In Lieu Of Foreclosure
related
—
—
—
Bs 3701 LLC
—
Deed Of Trust
related
$1,173,600 · Tcf Nat'l 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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