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Property profile & analytics
FOR SALE
Commercial real estate
3805 N Washington Ave, Minneapolis, MN 55412
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0752753
For Sale
1 / 2
$2,350,000
3805 N Washington Ave, Minneapolis, MN 55412
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Construction
CONCRETE
Total area
15,051 SF
Lot
1.62 ac (70,567 SF)
Zoning code
I2
APN
03-029-24-32-0147
UPID
US46-0752753
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
-
Restoration Counseling & Community Services, LLC -- RCCS Medical Clinic
-
RCCS Program Social Service Agency Charitable Organization
-
Kevin White Photography Photography Service (Bike/Boat/Book/etc) Store
-
MATC Addiction Medicine and Mental Health Care Medical Clinic
-
Restoration Counseling & Community Services Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.11M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.23M
Owner & transaction history
Kivvun Property Management LLC · 6 yrs held
Kivvun Property Management LLC
since 2020
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
I2 · 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
$2,150,000
ML approach
$2,110,000
CAP Approach
CAP Return
Estimation
6%
$2,830,000
6.5%
$2,615,000
7%
$2,425,000
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.28M (Feb 21 2020)
Last sale anchor
$2.28M
Feb 21 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
$148 / 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
$84,674
Tax year 2023
Assessed value
$2,386,700
Assessed 2023
Previous assessed
$1,587,000
+50.4% YoY
Effective rate
3.55%
On assessed value
Assessed land
$344,200
Assessed improvement
$2,042,500
Land market value
$344,200
Improvement market value
$2,042,500
Total market value
$2,386,700
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1991
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
15,051 SF
Lot
1.62 ac (70,567 SF)
Zoning code
I2
APN
03-029-24-32-0147
UPID
US46-0752753
Jurisdiction
HENNEPIN
Zoning & alternative use
I2 · Minneapolis, MN
Zoning I2 · permitted uses
I2 · 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
1991
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Kivvun Property Management LLC
Entity
Mailing address
4812 W 28TH ST, ST LOUIS PARK, MN 55416-1937
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2020
$1,298,824
Kivvun Property Management LLC
Day One Property Services LLC
Warranty Deed
$1,840,000 · Us Bk
Sep 19, 2016
$990,000
Day One Property Services LLC
Orbit Studios LLC
Warranty Deed
$1,588,875 · Venture Bk
Dec 7, 2000
$510,000
Orbit Studios LLC
Airgas-north Central INC
Quit Claim Deed
related
—
—
—
2728 Holding Corp
—
Deed Of Trust
related
$468,000 · Riverside Bank
—
—
Day One Property Services LLC
—
Loan Modification
related
$1,792,500 · Venture Bk
—
—
Day One Property Services LLC
—
Loan Modification
related
$1,792,500 · Venture 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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