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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Apartment buildings
1 Riverside Dr, Duluth, MN 55808-1137
Entity Owned
3-yr Hold
Property ID
US46-0387270
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1917
Total area
9,912 SF
Lot
0.22 ac (9,500 SF)
Zoning code
R2
APN
010-3970-00840
UPID
US46-0387270
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
-
Garden House Estates Ltd Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$953k
Blend (final)
Blend
$1.42M
Owner & transaction history
1 Riverside LLC · 3 yrs held
1 Riverside LLC
since 2023
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
R2 · Duluth, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.0M
+102.0%
Commercial (general)
$1.4M
+40.8%
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 Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth 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
$1,795,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,010,000
Current use
INDUSTRIAL (GENERAL)
$2,040,000
Change: +102% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,425,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.42M (Feb 1 2023)
Last sale anchor
$1.42M
Feb 1 2023
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
$143 / 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
$12,362
Tax year 2023
Assessed value
$675,900
Assessed 2022
Previous assessed
$675,900
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$20,600
Assessed improvement
$655,300
Land market value
$20,600
Improvement market value
$655,300
Total market value
$675,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1917
Heating
YES
Cooling
YES
Stories
3
Units
29
Total area
9,912 SF
Lot
0.22 ac (9,500 SF)
Zoning code
R2
APN
010-3970-00840
UPID
US46-0387270
Jurisdiction
ST LOUIS
Zoning & alternative use
R2 · Duluth, MN
Zoning R2 · permitted uses
R2 · Duluth, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1917
Heating
YES
Cooling
Yes
Stories
3
Units
29
Lot
0.22 ac
Current owner
From public records · entity-resolved
1 Riverside LLC
Entity
Mailing address
2277 HWY 36TH W STE #300, ROSEVILLE, MN 55113-3830
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$1,415,000
1 Riverside LLC
Dale K Breiland
Warranty Deed
$1,160,000 · National Bank Of Commerce
Jul 30, 2018
—
Dale K Brellnd
—
Trustees Deed
related
$637,108 · Bmo Harris Bk NA
—
—
Dale K Breiland
—
Deed Of Trust
related
$631,176 · National Bk/cmrc
—
—
Dale K Breiland
—
Deed Of Trust
related
$84,000 · M & I Marshall & Isley 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.
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