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Property profile & analytics
OFF-MARKET
Parking lots & garages
718 Washington Ave Ng14 Minneapolis, MN 55401-1131
Individually Owned
5-yr Hold
Free & Clear
Property ID
US46-2942687
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1922
Construction
CONCRETE
Lot
0.51 ac (22,120 SF)
Zoning code
B4N
APN
22-029-24-12-0635
UPID
US46-2942687
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
-
Razor King LLC Barber Shop
-
PowerObjects, an HCL Technologies Company (Bike/Boat/Book/etc) Store Corporate Office
-
US Bank Mortgage Loan Service Bank
-
R Two Consultant
-
Designers Concierge LLC Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edward C Ohlin · 5 yrs held
Edward C Ohlin
since 2020
Last sale
$325,000
6 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
$300
Tax year 2023
Assessed value
$23,000
Assessed 2023
Previous assessed
$23,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$6,100
Assessed improvement
$16,900
Land market value
$6,100
Improvement market value
$16,900
Total market value
$23,000
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
1922
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.51 ac (22,120 SF)
Zoning code
B4N
APN
22-029-24-12-0635
UPID
US46-2942687
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
1922
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Edward C Ohlin
Individual
Free & Clear · 5 yrs held
Mailing address
255 CYN RD, MOCKSVILLE, NC 27028-4347
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2020
$500
Edward C Ohlin
Edward C Ohlin
Warranty Deed
related
—
Sep 8, 2016
$325,000
Edward C Ohlin
Manzanera Properties LLC
Grant Deed
$165,000 · First St Bk/sauk Centre
May 1, 2014
$255,000
Rettig,david L & Jennifer E
Frydenlund,samantha & Paul
Grant Deed
$129,500 · Associated Bk
May 17, 2010
$217,000
Cihlar,samantha
718 Washington Developer LLC
Warranty Deed
—
May 12, 2010
$217,000
Cihlar,samantha
718 Washington Developers LLC
Warranty Deed
$173,600 · Edina Realty Mortgage
—
—
Edward C Ohlin
—
Loan Modification
related
$165,000 · First St Bk/sauk Centre
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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