Entity Owned 
For Sale
$525,000
609 Dale St N, Saint Paul, MN 55103
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Property summary
AI-generated overview
609 Dale Street N is a remodeled four-unit mixed-use building in Saint Paul with two street-level retail spaces and two residential apartments on the second floor. The retail spaces are supported by semi-finished basement space suitable for storage, and the second-floor residential layout includes two 2-bedroom, 1-bath units. The building has exterior tuck-pointing and painting and features full interior remodeling of the units. It is located in an area zoned for business/commercial use (B2 Community Business) and includes a rear four-car parking lot as well as on-street parking along Dale. The property is described as having approximately 4,320 gross building square feet.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Construction
WOOD FRAME
Total area
4,032 SF
Lot
0.07 ac (3,180 SF)
Zoning code
L
APN
35-29-23-11-0214
UPID
US46-0112849
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$195k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$195k
Owner & transaction history
since 2024
Last sale
$195,500
7 recorded transactions
Zoning & alternative use
L · Saint Paul, MN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$195k
Value range
$176k – $215k
±10% around blend
Estimated value / SF
$48 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$176k
blend $195k
$215k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,032 SF
Lot area
0.07 ac
Year built
1928
APN
35-29-23-11-0214
Zoning
L
Assessed value
$380,800
Annual tax
$5,882
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$5,882
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$565k
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.5 mi away · 3,327 SF
3.1 mi away · 4,502 SF
3.2 mi away · 3,452 SF
3.6 mi away · 5,236 SF
4.5 mi away · 3,250 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$195k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 197 sales
$76
-36%
County 172 sales
$72
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $48/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
9.78%
Selected cap rate for this other investment properties
Derived from the Saint Paul market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.78%
9.0%
NOI (est.)
$51k *
Last sale · Apr 2024
$196k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$525k
Move the market yield to see immediate price impact.
Value / SF
$130
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.28%9.78%10.28%
$46k
$498k
$472k
$449k
$51k
$553k
$525k
$499k
$56k
$608k
$577k
$549k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$160k
0.1 mi · Dec 2025 · $47/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,882
Tax year 2023
Assessed value
$380,800
Assessed 2023
Previous assessed
$380,800
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$19,200
Assessed improvement
$361,600
Land market value
$19,200
Improvement market value
$361,600
Total market value
$380,800
Applied tax rate
625.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1928
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Units
2
Total area
4,032 SF
Lot
0.07 ac (3,180 SF)
Zoning code
L
APN
35-29-23-11-0214
UPID
US46-0112849
Jurisdiction
RAMSEY
Zoning & alternative use
L · Saint Paul, MNZoning L · permitted uses
L · Saint Paul, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1928
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Units
2
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
L
Jurisdiction
Saint Paul, MN
Recorded code
L
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for L in Saint Paul, MN.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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