Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Parking lots & garages
525 3rd St Ng63 Minneapolis, MN 55401-1239
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US46-0712082
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
2005
Construction
BRICK
Lot
1.99 ac (86,545 SF)
Zoning code
B4N
APN
22-029-24-13-0847
UPID
US46-0712082
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
$650k
Owner & transaction history
Reilly M Dillon · 10 yrs held
Reilly M Dillon
since 2015
Last sale
$650,000
3 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
$339
Tax year 2023
Assessed value
$26,000
Assessed 2023
Previous assessed
$26,000
+0.0% YoY
Effective rate
1.30%
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
2005
Construction
BRICK
Heating
STEAM
Stories
1
Lot
1.99 ac (86,545 SF)
Zoning code
B4N
APN
22-029-24-13-0847
UPID
US46-0712082
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
2005
Construction
BRICK
Heating
STEAM
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Reilly M Dillon
Individual
Mailing address
525 3RD ST NG63, MINNEAPOLIS, MN 55401-1239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2015
$545,000
Reilly M Dillon
Greene,benjamin & Emily
Grant Deed
$436,000 · Us Bk
Aug 19, 2011
$371,250
Benjamin Greene
Fernstrom,svante E & Stacey M
Grant Deed
$286,875 · Wells Fargo Bank
—
—
Svante E Fernstrom
—
Deed Of Trust
related
$300,000 · Morris Long Group
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 525 3rd St Ng63?
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.
