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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Commercial real estate
6042 Nicollet Ave, Minneapolis, MN 55419-2559
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0137187
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Construction
CONCRETE
Total area
7,440 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C2
APN
22-028-24-34-0016
UPID
US46-0137187
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
-
The Patty Wagon Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.09M
Owner & transaction history
Br Enterprises Of Mn INC · 26 yrs held
Br Enterprises Of Mn INC
since 2000
5 recorded transactions
Zoning & alternative use
C2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,400,000
6.5%
$1,290,000
7%
$1,200,000
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10%
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
$147 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$43,159
Tax year 2023
Assessed value
$1,449,000
Assessed 2023
Previous assessed
$1,260,000
+15.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$496,200
Assessed improvement
$952,800
Land market value
$496,200
Improvement market value
$952,800
Total market value
$1,449,000
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
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Total area
7,440 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C2
APN
22-028-24-34-0016
UPID
US46-0137187
Jurisdiction
HENNEPIN
Zoning & alternative use
C2 · Minneapolis, MN
Zoning C2 · permitted uses
C2 · 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
1978
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Br Enterprises Of Mn INC
Entity
Free & Clear · 26 yrs held
Mailing address
9989 DELL RD, EDEN PRAIRIE, MN 55347-3524
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
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
Jun 26, 2000
—
Br Enterprises Of Mn INC
Duffee,robert D
Quit Claim Deed
related
—
May 26, 2000
—
Br Enterprises Minnesota INC
Mch Capital LLC
Quit Claim Deed
related
—
Oct 29, 1999
$175,000
Br Enterprises Of Mn INC
Lew,douglas A & Linda L
Quit Claim Deed
related
—
—
—
Br Ents Of Mn INC
—
Loan Modification
related
$764,141 · Wells Fargo Bk
—
—
Br Ents Of Mn INC
—
Deed Of Trust
related
$908,721 · Wells Fargo Bank
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.
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