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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Warehouses
3829 Foss Rd Minneapolis, MN 55421-4527
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0543438
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Total area
11,790 SF
Lot
1.08 ac (47,219 SF)
Zoning code
B
APN
31-30-23-44-0042
UPID
US46-0543438
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
-
GOPHER STATE STORAGE - ST. ANTHONY Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
State Storage Minneapolis LLC · 5 yrs held
State Storage Minneapolis LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
B · Minneapolis, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+153.9%
Restaurant
$2.3M
+147.9%
Commercial (general)
$2.1M
+120.0%
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
$2,040,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
$1,880,000
6.5%
$1,735,000
7%
$1,615,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,395,000
Change: +154% · Conversion: Easy
RESTAURANT
$2,340,000
Change: +148% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,075,000
Change: +120% · Conversion: Difficult
MEDICAL BUILDING
$1,735,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$1,195,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10% · vs last sale $1.90M (Dec 29 2020)
Last sale anchor
$1.90M
Dec 29 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
$162 / 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
$42,682
Tax year 2023
Assessed value
$1,247,300
Assessed 2023
Previous assessed
$1,212,900
+2.8% YoY
Effective rate
3.42%
On assessed value
Assessed land
$425,200
Assessed improvement
$822,100
Land market value
$425,200
Improvement market value
$822,100
Total market value
$1,247,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
STEAM
Buildings
3
Units
69
Total area
11,790 SF
Lot
1.08 ac (47,219 SF)
Zoning code
B
APN
31-30-23-44-0042
UPID
US46-0543438
Jurisdiction
RAMSEY
Zoning & alternative use
B · Minneapolis, MN
Zoning B · permitted uses
B · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1980
Heating
STEAM
Buildings
3
Units
69
Lot
1.08 ac
Current owner
From public records · entity-resolved
State Storage Minneapolis LLC
Entity
Mailing address
228 PARK AVE S #85473, NEW YORK, NY 10003-1502
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
—
State Storage Minneapolis LLC
—
Deed
related
$2,647,500 · Charter Bank
Dec 29, 2020
$1,900,000
State Storage Minneapolis LLC
Mirror Lake Properties LLC
Grant Deed
$1,235,000 · Bremer Bk
Jun 23, 2004
$1,350,000
Mirror Lake Properties LLC
St Anthony Village Properties
Warranty Deed
related
$660,000 · Anchor Bank Saint Paul
Jan 23, 2003
—
Village Properties St. Anthony
Village Properties
Quit Claim Deed
related
—
Feb 20, 1998
$800,000
Village Properties
Bernard J Blanske Property Tru
Grant Deed
related
$675,000 · Firstar Bank Minnesota NA
—
—
Mirror Lake Properties LLC
—
Deed Of Trust
related
$190,000 · First State Bank
—
—
Mirror Lake Properties LLC
—
Deed Of Trust
related
$219,098 · Reliance Bank
—
—
Mirro Lake Properties LLC
—
Deed Of Trust
related
$378,018 · Anchor Bank Saint Paul
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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