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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Parking lots & garages
525 3rd St Ng10 Minneapolis, MN 55401-1239
Trust Owned
7-yr Hold
Free & Clear
Property ID
US46-0579793
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1915
Construction
BRICK
Lot
1.99 ac (86,545 SF)
Zoning code
B4N
APN
22-029-24-13-0795
UPID
US46-0579793
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
-
Insight Enterprises Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Bookmen Lofts Condominium Complex
-
Ward Einess Strategies, LLC Consultant
-
FPFH (Bike/Boat/Book/etc) Store Cosmetic Store
-
Reese Johns Professional Services LLC Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Zuendel,dianna E 2003 Trust · 7 yrs held
Zuendel,dianna E 2003 Trust
since 2019
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
B4N · 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
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
$416
Tax year 2023
Assessed value
$26,000
Assessed 2023
Previous assessed
$26,000
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$9,100
Assessed improvement
$16,900
Land market value
$9,100
Improvement market value
$16,900
Total market value
$26,000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1915
Construction
BRICK
Heating
STEAM
Stories
1
Lot
1.99 ac (86,545 SF)
Zoning code
B4N
APN
22-029-24-13-0795
UPID
US46-0579793
Jurisdiction
HENNEPIN
Zoning & alternative use
B4N · Minneapolis, MN
Zoning B4N · permitted uses
B4N · 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
1915
Construction
BRICK
Heating
STEAM
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Zuendel,dianna E 2003 Trust
Trust
Free & Clear · 7 yrs held
Mailing address
4601 WESTOWN PKWY STE #220, WEST DES MOINES, IA 50266-1030
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2019
$1,295,000
Zuendel,dianna E 2003 Trust
Thelen,mason & Danielle
Warranty Deed
—
Apr 10, 2017
$830,000
Mason Thelen
Hatfield David A & L M Trust
Grant Deed
$424,000 · American Mtg & Equity Cnslts I
Oct 16, 2013
—
Hatfield,david A & Linda M Trust
Hatfield,david A & Linda M
Quit Claim Deed
related
—
Apr 20, 2011
$572,550
David A Hatfield
Anderson,bradley K & Shannon G
Grant Deed
—
Jan 18, 2011
$32,000
Shannon G Anderson
Owner Name Unavailable
Warranty 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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