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Property profile & analytics
OFF-MARKET
Estimated value
$4,675,000
Commercial real estate
84 10th St, Minneapolis, MN 55403-2455
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US46-0129245
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1912
Construction
CONCRETE
Total area
51,100 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B4-2
APN
27-029-24-12-0096
UPID
US46-0129245
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
-
Pepsi Beverages Company Big Box & Wholesale Store Distribution Center
-
Avenue C Marketing & Advertising Advertising Agency
-
TYLin Construction Company
-
Portu Sunberg Marketing Advertising Agency Marketing & Advertising
-
Retell Partners Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.68M
Owner & transaction history
Dolmen House LLC · 25 yrs held
Dolmen House LLC
since 2000
5 recorded transactions
Zoning & alternative use
B4-2 · 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
$91 / 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
$175,660
Tax year 2023
Assessed value
$5,250,000
Assessed 2023
Previous assessed
$5,890,000
-10.9% YoY
Effective rate
3.35%
On assessed value
Assessed land
$3,136,000
Assessed improvement
$2,114,000
Land market value
$3,136,000
Improvement market value
$2,114,000
Total market value
$5,250,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1912
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Stories
5
Total area
51,100 SF
Lot
0.28 ac (12,197 SF)
Zoning code
B4-2
APN
27-029-24-12-0096
UPID
US46-0129245
Jurisdiction
HENNEPIN
Zoning & alternative use
B4-2 · Minneapolis, MN
Zoning B4-2 · permitted uses
B4-2 · 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
1912
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
5
Lot
0.28 ac
Current owner
From public records · entity-resolved
Dolmen House LLC
Entity
Mailing address
533 S 3RD ST STE #100, MINNEAPOLIS, MN 55415-7521
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
Jul 27, 2000
—
Dolmen House LLC
Waterford LP
Quit Claim Deed
related
—
Aug 23, 1999
$1,900,000
Employment Advisors Int'l INC
Sherman,morris M & Judith S
Grant Deed
$1,500,000 · National City Bank
Feb 5, 1998
—
Dolman House LLC
Waterford LP
Quit Claim Deed
related
$1,000,000 · Twin Cities-metro Certified
—
—
Essex Building LLC
—
Deed Of Trust
related
$4,725,000 · American Equity Inv Life Ins
—
—
Essex Building LLC
—
Deed Of Trust
related
$5,316,629 · Associated 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.
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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