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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Industrial properties
801 2nd N Ave, Minneapolis, MN 55405-1603
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US46-0628257
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1936
Construction
CONCRETE
Total area
20,084 SF
Lot
0.83 ac (36,155 SF)
Zoning code
I1
APN
21-029-24-44-0027
UPID
US46-0628257
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
-
Thomas Printworks Marketing & Advertising Printing Service
-
Record Nations Storage Facility
-
K M Building Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.57M
Owner & transaction history
801 Associates LLC · 25 yrs held
801 Associates LLC
since 2001
7 recorded transactions
Zoning & alternative use
I1 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,870,000
Current use
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±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
$78 / 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
$49,494
Tax year 2023
Assessed value
$1,610,000
Assessed 2023
Previous assessed
$1,345,000
+19.7% YoY
Effective rate
3.07%
On assessed value
Assessed land
$254,500
Assessed improvement
$1,355,500
Land market value
$254,500
Improvement market value
$1,355,500
Total market value
$1,610,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1936
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
20,084 SF
Lot
0.83 ac (36,155 SF)
Zoning code
I1
APN
21-029-24-44-0027
UPID
US46-0628257
Jurisdiction
HENNEPIN
Zoning & alternative use
I1 · Minneapolis, MN
Zoning I1 · permitted uses
I1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1936
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
801 Associates LLC
Entity
Mailing address
23 CIR CIR W, EDINA, MN 55436-1312
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2001
$260,000
801 Associates LLC
Sayer Partnership
Grant Deed
—
Jun 5, 2000
$358,000
Sayer Partnership
Warning Lites Of Mn INC
Grant Deed
—
—
—
801 Associates LLC
—
Loan Modification
related
—
—
—
801 Associates LLC
—
Loan Modification
related
$424,372 · Reliance Bk
—
—
801 Associates LLC
—
Deed Of Trust
related
$650,000 · St Francis Bank Fsb
—
—
801 Associates LLC
—
Deed Of Trust
related
$300,000 · Reliance Bk
—
—
801 Associates LLC
—
Deed Of Trust
related
$950,000 · Reliance Bk
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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