Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Kenwood Pkwy Minneapolis, MN 55403

    • Commercial real estate
    • 1,375 SF
    • 10.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1030425
    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

    • Parade Park / Park / Tourist Attraction
    • Parade Parking Pay Lot / Parking Lot & Garage

    Property Details for 400 Kenwood Pkwy

    Year built
    1951
    Construction
    CONCRETE
    Lot size
    10.30 lot acres
    Property size
    1,375 SF
    Zone code
    R2
    Property type
    Commercial real estate
    APN
    28-029-24-14-0010
    APU
    2802924140010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2931
    Latitude
    44.971
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      201 11th Stnnnnn

      COMMERCIAL (GENERAL) • 0.46 Acres
      201 11th Stnnnnn, Minneapolis, MN 55403-2536
      View Details
    • Value Estimation by Request
      0.46 Acres

      201 11th Stppppp

      COMMERCIAL (GENERAL) • 0.46 Acres
      201 11th Stppppp, Minneapolis, MN 55403-2536
      View Details
    • Value Estimation by Request
      0.46 Acres

      201 11th Stttttt

      COMMERCIAL (GENERAL) • 0.46 Acres
      201 11th Stttttt, Minneapolis, MN 55403-2536
      View Details
    • Value Estimation
      $19,625,000
      252,906 SF

      1313 Nicollet Mall

      COMMERCIAL (GENERAL) • 252,906 SF
      1313 Nicollet Mall, Minneapolis, MN 55403-2630
      View Details
    • Value Estimation
      $4,540,000
      57,772 SF

      99 16th St

      COMMERCIAL (GENERAL) • 57,772 SF
      99 16th St, Minneapolis, MN 55403
      View Details
    • Value Estimation
      $1,620,000
      9,700 SF

      1610 Harmon Pl

      COMMERCIAL (GENERAL) • 9,700 SF
      1610 Harmon Pl, Minneapolis, MN 55403-1916
      View Details

    Similar Nearby for Sale

    • $5,150,000
      1.21 Acres

      Downtown Minneapolis Retail Redevelopment

      Prime 1.21-acre retail site, vacant, 80 parking spaces.
      228 12Th St, Minneapolis, MN 55403
      View Details
    • $574,900
      1,849 SF

      Luxury Condo with Panoramic Views

      Luxury 2-bedroom condo with valet parking and stunning downtown views.
      201 S 11Th St, Minneapolis, MN 55403
      View Details
    • $1,495,000
      3,079 SF

      Ivy Residence Top-Floor Penthouse

      Thoughtfully designed condo with downtown views and world-class amenities.
      201 S 11Th St, Minneapolis, MN 55403
      View Details
    • $399,000
      1,248 SF

      Top Floor Condo with Skyline Views

      Top floor condo with stunning views of the Minneapolis skyline.
      52 Groveland Ter, Minneapolis, MN 55403
      View Details
    • $499,000

      Versatile Minneapolis Commercial Property

      Adaptable commercial space with live/work potential and downtown views.
      233 Groveland Ave, Minneapolis, MN 55403
      View Details
    • $250,000
      1,500 SF

      Downtown Minneapolis Office Space

      1,500 SF Vacant Office - $250K
      1200 Minneapolis Mn 55403, Minneapolis, MN 55403
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      11,000 SF

      Iconic Lyndale & Franklin Corner

      High-visibility retail/restaurant space. New ownership, ready for redevelopment.
      1931 Lyndale Ave, Minneapolis, MN 55403
      View Details
    • Contact for pricing
      13,758 SF

      Hennepin Ave Retail Space, Minneapolis

      Prime Minneapolis retail space, 13,758 sq ft.
      0 1100–1154 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • $18 SF/Yr
      10,337 SF

      Restaurant Space with Dual Kitchens

      Second-generation restaurant space suitable for events and immersive entertainment.
      600 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • $17 SF/Yr
      2,522 SF

      Hawthorne Avenue Commercial Space Available

      Office or retail space with access to building amenities.
      1205 Hawthorne Ave, Minneapolis, MN 55403
      View Details
    • $1,195 /Mo

      Historic Apartment in Kenosha Building

      One-bedroom apartment with exposed brick and high ceilings for rent.
      11 S 12Th St, Minneapolis, MN 55403
      View Details
    • $25 SF/Yr
      6,217 SF

      Creative Space in Lowry-East Wedge

      Creative office, retail, and showroom/flex space in Lowry-East neighborhood.
      1936 Lyndale Ave S, Minneapolis, MN 55403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Kenwood Pkwy
    Minneapolis, MN 55403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.