New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Office buildings
522 Minnesota NW Ave, Bemidji, MN 56601-3062
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-2963186
Property summary
AI-generated overview
Attention investors and developers! This exceptional 50,000 square foot, four-story building, located at 522 Minnesota Avenue NW in Bemidji, Minnesota, presents a unique investment opportunity. The historic "Federal Building" sits on a 0.64-acre lot and boasts a striking brick and granite exterior. Its convenient location in a thriving college town with a population exceeding 100,000 offers easy access to amenities, including an airport with daily flights to Minneapolis/St. Paul and high-speed internet. The building features a lower level housing offices and mechanicals, an elevator for accessibility, and approximately 28 parking spaces. High ceilings and numerous windows create a bright and spacious interior, ideal for a variety of uses. This adaptable structure is perfect for a startup, co-working space, or a modern business hub. Priced at $1,200,000, this property offers the chance to restore a historic landmark or repurpose it for contemporary needs. Its prime location and substantial size make it a cornerstone investment in Bemidji's future. Schedule a viewing to appreciate the potential.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
FRAME
Total area
18,760 SF
Lot
0.64 ac (28,000 SF)
APN
80.00964.00
UPID
US46-2963186
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.00M
Owner & transaction history
U S General Svcs Admin New England · 5 yrs held
U S General Svcs Admin New England
since 2021
Last sale
$920,000
1 recorded transaction
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 Bemidji submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bemidji 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
$1,095,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $920k (Jan 19 2021)
Last sale anchor
$920k
Jan 19 2021
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
$53 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$16,633
Tax year 2024
Assessed value
$1,136,700
Assessed 2024
Previous assessed
$1,136,700
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$268,800
Assessed improvement
$867,900
Land market value
$268,800
Improvement market value
$867,900
Total market value
$1,136,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1959
Construction
FRAME
Total area
18,760 SF
Lot
0.64 ac (28,000 SF)
APN
80.00964.00
UPID
US46-2963186
Jurisdiction
BELTRAMI
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
Year built
1959
Construction
FRAME
Lot
0.64 ac
Current owner
From public records · entity-resolved
U S General Svcs Admin New England
Individual
Free & Clear · 5 yrs held
Mailing address
16 WELLINGTON AVE, GREENVILLE, SC 29609-4902
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2021
$920,000
U S General Svcs Admin New England
United States Of America
Administrators Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 522 Minnesota NW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
