Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1050 Selby Ave Saint Paul, MN 55104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    St. Paul gem: 4 units, high ROI.

    Property size:
    4,794 SF

    Property Features for 1050 Selby Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,794 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built/Renovated
    1915/2021
    Stories
    2
    Units
    4

    We can help!

    Listing Contact
    Jon Whitcomb
    Jon Whitcomb

    Listing Agency: Metro East Commercial Real Estate Services Listing Agent: Jon Whitcomb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional mixed-use property, located at 1048 & 1050 Selby Avenue in Saint Paul, Minnesota, presents a compelling investment opportunity. The building, constructed in 1915 and extensively renovated between 2021 and 2023, encompasses 4,794 square feet on a 0.1-acre lot. The property features a desirable blend of commercial and residential space, currently operating at 75% occupancy. The main floor offers ideal space for retail or office use, while the second floor houses two apartments—a two-bedroom and a three-bedroom unit. The asking price is $625,000, translating to $130.37 per square foot. Recent updates include HVAC and A/C system improvements. The property includes a four-stall surface parking lot and benefits from Mixed Residential/Commercial zoning within Ramsey County, zip code 55104. This multi-tenant investment opportunity is situated in a prime Saint Paul location, just east of Lexington Avenue, offering strong potential for rental income and future appreciation. The two-story building provides a unique blend of commercial and residential uses, making it an attractive option for investors seeking a diversified portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1445195
    Latitude
    44.9464507

    Nearby Similar for Sale

    • $895,000
      0.14 Acres

      Grand Avenue Commercial Opportunity

      Well-maintained commercial property on historic Grand Avenue in Saint Paul.
      951 Grand Ave, Saint Paul, MN 55105
      View Details
    • $769,900
      0.14 Acres

      Remodeled Mid-Century Office Building

      Remodeled office building in the heart of the West Side.
      711 Smith Ave S, Saint Paul, MN 55107
      View Details
    • $700,000
      0.11 Acres

      Vogels Bar & Lounge Opportunity

      Established bar and lounge with apartment in vibrant Saint Paul.
      1112 Arcade St, Saint Paul, MN 55106
      View Details
    • $625,000

      Remodeled Condo/Event Space in St. Paul

      Remodeled condo/event space in historic Rossmor building, downtown St. Paul.
      125 9Th St E, Saint Paul, MN 55101
      View Details
    • $525,000
      0.07 Acres

      Remodeled Mixed-Use Investment Property

      Four-unit mixed-use property in St. Paul, fully leased.
      609 Dale St N, Saint Paul, MN 55103
      View Details
    • $629,000
      0.10 Acres

      Saint Paul Brick Apartment Building

      Well-maintained 5-unit apartment building in prime St. Paul location.
      269 Oxford St N, Saint Paul, MN 55104
      View Details
    • Contact for pricing

      Remodeled Condo/Event Space in St. Paul

      Remodeled condo/event space in historic Rossmor building, downtown St. Paul.
      125 9Th St E, Saint Paul, MN 55101
      View Details
    • $600,000
      0.18 Acres

      Saint Paul Multifamily Investment

      Cash-flowing six-unit building with garage and potential income growth.
      929 Aurora Ave, Saint Paul, MN 55104
      View Details
    • New
      $810,000
      0.12 Acres

      Saint Paul Multifamily Investment Opportunity

      Multifamily property near Concordia University with strong investment potential.
      1232 Marshall Ave, Saint Paul, MN 55104
      View Details
    • Contact for pricing
      0.29 Acres

      Historic Office Suites in St. Paul

      Affordable office spaces with historic charm and modern amenities.
      413 Wacouta St, Saint Paul, MN 55101
      View Details
    • $625,000
      0.11 Acres

      Saint Paul Commercial Building

      Well-located commercial building in Saint Paul with high visibility.
      259 University Ave W, Saint Paul, MN 55103
      View Details
    • $1,499,000
      Pending

      Unique Industrial Mixed-Use Opportunity

      Vacant industrial/mixed-use property in the heart of the Twin Cities.
      2336 Territorial Rd, Saint Paul, MN 55114
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - St. Paul gem: 4 units, high ROI.
    Where is this mixed-use property located?
    The property is located at 1050 Selby Ave Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Mixed-use building, 4,794 sq ft, on 0.1-acre lot in Saint Paul, MN.; Recently renovated (2021-2023).; 75% occupancy, with retail/office space on the main floor and two apartments (2-bed & 3-bed) upstairs.
    (651) 351-5005 Call to check price and availability
    Request Owner's contact information
    1050 Selby Ave Saint Paul, MN 55104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1050 Selby Ave
    Saint Paul, MN 55104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1050 Selby Ave Saint Paul, MN 55104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jon Whitcomb
    Jon Whitcomb
    Real Estate License ID: 40365516
    (651) 351-5005 (651) 283-4884 (651) 351-5130
    Learn more
    Google sign-in failed. Please try again or use another login method.