Property profile

650 39th NE Ave Columbia Heights, MN 55421

OFF-MARKET
Industrial properties
Property ID
US46-0826897
5,717 SF 0.47 ac lot Built 1977
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,717 SF
Lot 0.47 ac (20,400 SF)
APN 35-30-24-43-0050
UPID US46-0826897

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop

Location

650 39th NE Ave Columbia Heights, MN 55421-3842
Columbia Heights metro Census 51400 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$985k
CAP Approach CAP
$935k
Comparable Approach Comparable
$550k
Blend (final) Blend
$980k

Owner & transaction history

since 2021
Last sale
$830,000
3 recorded transactions
2021
$830,000
2014
$290,000
2013
$515

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.0M +89.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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