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Property profile & analytics
OFF-MARKET
Commercial land
41 12th St Minneapolis, MN 55403-1325
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US46-2858251
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.93 ac (40,511 SF)
APN
27-029-24-21-0227
UPID
US46-2858251
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
-
YouthLink Charitable Organization Social Service Agency
-
Kulture Klub Collaborative Theater & Performing Art Venue
-
Naomy Abdurahman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ppl Youthlink Community LP · 7 yrs held
Ppl Youthlink Community LP
since 2018
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,192
Tax year 2023
Assessed value
$160,000
Assessed 2023
Previous assessed
$160,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$160,000
Land market value
$160,000
Total market value
$160,000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.93 ac (40,511 SF)
APN
27-029-24-21-0227
UPID
US46-2858251
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.93 ac
Current owner
From public records · entity-resolved
Ppl Youthlink Community LP
Entity
Mailing address
41 N 12TH ST, MINNEAPOLIS, MN 55403-1325
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
—
Youth Link
—
Deed
related
$2,000,000 · United States Small Business Admin
Nov 21, 2018
—
Youthlink
—
Deed
related
$604,932 · Propel Nonprofits
Oct 25, 2018
—
Ppl Youthlink Community LP
—
Deed
related
$500,000 · Wells Fargo Bk
Sep 14, 2018
$500
Ppl Youthlink Community LP
Youthlink
Grant Deed
related
—
Jul 13, 2017
—
Youthlink
—
Deed
related
$150,000 · Nonprofits Assistance Fund
May 3, 2016
—
Youthlink
—
Deed
related
$350,000 · Sunrise Banks NA
May 2, 2016
—
Youthlink
—
Deed
related
$350,000 · Sunrise Banks NA
—
—
Youthlink
—
Deed Of Trust
related
$350,000 · Sunrise Bk
—
—
Youthlink
—
Loan Modification
related
$500,000 · Franklin Nat'l Bk/minneapolis
—
—
Youthlink
—
Deed Of Trust
related
$150,000 · Nonprofits Assistance Fund
—
—
Youthlink
—
Deed Of Trust
related
$150,000 · Nonprofits Assistance Fund
—
—
Youthlink
—
Deed Of Trust
related
$500,000 · Bremer Bk
—
—
Youthlink
—
Deed Of Trust
related
$350,000 · Sunrise Bk
—
—
Youthlink
—
Deed Of Trust
related
$500,000 · Bremer Bk
—
—
Ppl Youthlink Community LP
—
Deed Of Trust
related
$350,000 · Hennepin Cnty Hsng & Redev Aut
—
—
Youthlink
—
Loan Modification
related
$500,000 · Franklin Nat'l Bk/minneapolis
—
—
Ppl Youthlink Community LP
—
Loan Modification
related
$1,150,000 · Miscellaneous Govt Agcy
—
—
Ppl Youthlink Community LP
—
Loan Modification
related
$1,150,000 · Miscellaneous Govt Agcy
—
—
Youthlink
—
Deed Of Trust
related
$2,070,000 · Old Nat'l Bk
—
—
Ppl Youthlink Community LP
—
Loan Modification
related
$500,000 · Wells Fargo Bk
—
—
Ppl Youthlink Community LP
—
Loan Modification
related
$500,000 · Wells Fargo Bk
—
—
Youthlink
—
Deed Of Trust
related
$604,932 · Propel Nonprofits
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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