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Property profile & analytics
OFF-MARKET
Estimated value
$4,235,000
Apartment buildings
101 56th W Ave, Duluth, MN 55807-2474
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0949926
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Total area
69,293 SF
Lot
1.22 ac (53,200 SF)
Zoning code
R3
APN
010-4470-03770
UPID
US46-0949926
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
-
Irving School Apartments Apartment Building
-
MAJESTIC MOON VIBES (Bike/Boat/Book/etc) Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$4.24M
Owner & transaction history
High Point Holdings LLC · 3 yrs held
High Point Holdings LLC
since 2023
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
R3 · Duluth, 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 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
$4,630,000
ML approach
$4,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.24M
Range $3.81M – $4.66M · ±10% · vs last sale $3.65M (Jun 14 2023)
Last sale anchor
$3.65M
Jun 14 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
$61 / 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
$35,390
Tax year 2023
Assessed value
$2,953,300
Assessed 2022
Previous assessed
$2,755,600
+7.2% YoY
Effective rate
1.20%
On assessed value
Assessed land
$26,300
Assessed improvement
$2,927,000
Land market value
$26,300
Improvement market value
$2,927,000
Total market value
$2,953,300
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
1910
Heating
HOT WATER
Cooling
NONE
Stories
4
Units
44
Total area
69,293 SF
Lot
1.22 ac (53,200 SF)
Zoning code
R3
APN
010-4470-03770
UPID
US46-0949926
Jurisdiction
ST LOUIS
Zoning & alternative use
R3 · Duluth, MN
Zoning R3 · permitted uses
R3 · 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.
Building & site characteristics
From public records
Year built
1910
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
44
Lot
1.22 ac
Current owner
From public records · entity-resolved
High Point Holdings LLC
Entity
Mailing address
PO BOX 1071, TWIG, MN 55791-1071
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
—
High Point Holdings LLC
Irving School LLC
Re-recorded Document
related
$2,920,000 · Falcon National Bank
Jun 14, 2023
$3,650,000
High Point Holdings LLC
Irving School LLC
Limited Warranty Deed
$2,920,000 · Falcon National Bank
May 10, 2012
$12,000
Irving School LLC
Duluth Economic Dev Authority
Quit Claim Deed
related
—
Sep 14, 2011
$800,000
Irving School LLC
Upper Minnesota Properties-irv
Warranty Deed
$680,000 · Tcf National Bank
—
—
Irving School LLC
—
Deed Of Trust
related
$680,000 · Tcf National Bank
—
—
Irving School LLC
—
Loan Modification
related
$1,550,000 · Tcf Nat'l Bk
—
—
Upper Minnesota Properties-irv
—
Deed Of Trust
related
$1,016,337 · North Shore Bank Of Commerce
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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