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    1111 Concord S St South Saint Paul, MN 55075-5916
    Property profile & analytics

    1111 Concord S St, South Saint Paul, MN 55075-5916

    View on Map
    • Showrooms
    • 17,700 SF
    • 1.75 lot acres
    Off-Market
    Property ID
    US46-0765325
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,445,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 1111 Concord S St

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    1.75 lot acres
    Zone code
    R
    Property type
    Showrooms
    APN
    36-71500-17-291
    APU
    367150017291

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 17, 2026 $1,900,000 Redline Properties Limited Liability Company Twang Holdings 3 LLC Warranty Deed $970k · Premier Bank
    Sep 29, 2021 — Twang Holdings 3 LLC — Deed · related $1M · Associated Bank NA
    Apr 2, 2019 $916,000 Twang Holdings 3 LLC Walser Real Estate LLC Limited Warranty Deed $1.1M · Wells Fargo Bank NA
    Nov 1, 2016 — Bloomington Cjd R & E LLC — Deed · related $83.6M · Bank Of America
    Sep 8, 2016 — Walser Real Estate LLC — Deed · related $336k · Bank Of America
    Mar 13, 2014 — Walser Real Estate LLC Walser Real Estate III LLC Quit Claim Deed —
    Apr 18, 2013 $400,000 Walser Real Estate III LLC Tdg Family Properties LP Warranty Deed $320k · Bremer Bank NA
    May 3, 2011 — Tdg Family Properties LP Mps Of South St Paul INC Quit Claim Deed · related —
    — — Walser Real Estate LLC — Loan Modification · related $4.9M · M&i Marshall & Ilsley Bk
    — — Walser Real Estate LLC — Loan Modification · related $60M · Bmo Harris Bk NA
    — — Walser Real Estate LLC — Loan Modification · related $28.9M · Bmo Harris Bk NA
    — — Walser Real Estate LLC — Loan Modification · related $8.3M · Bmo Harris Bk NA
    — — Walser Real Estate LLC — Deed Of Trust · related $336k · Bank Of America
    — — Bloomington Cjd R & E LLC — Deed Of Trust · related $83.6M · Bank Of America

    Description

    This exceptional 15,300-square-foot property, located at 1111 Concord Street South in South Saint Paul, Minnesota, presents a unique opportunity for a single tenant. The building, constructed in 1974, seamlessly blends office and industrial space, ideal for a variety of businesses. The zoning is GB - General Business District, offering flexibility for diverse operations. The property features a generous 17-foot ceiling height, providing ample vertical space for storage or specialized equipment. Access is facilitated by one dock-high door and one drive-in door, ensuring efficient loading and unloading. The entire 15,300 square feet is currently vacant, allowing for complete customization to suit a tenant's specific needs. The property's location in Dakota County, with a zip code of 55075, offers convenient access to major transportation routes and amenities. The Assessor's Parcel Number (APN) is 36.71500.17.291. This is a sublease opportunity. This property is perfect for a business seeking a large, versatile space with excellent access and high ceilings. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,380,000
      Market price range: $817k - $2.24M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,470,000
      Current use
      OFFICE BUILDING
      $1,565,000
      Change: +7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,510,000
      Change: +3% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0282
    Latitude
    44.8727
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $26,816
    $499,700
    $359,900
    $859,600
    -
    $499,700
    $359,900
    $859,600

    Comparable in this City

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      108,004 SF

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    • Value Estimation
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      108,144 SF

      305 Bridgepoint Dr

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    • Value Estimation
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      130,171 SF

      290 Bridgepoint Dr

      SHOW ROOM, WAREHOUSE
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      View Details
    • Value Estimation
      $1,965,000
      20,041 SF

      235 Hardman S Ave

      SHOW ROOM, WAREHOUSE
      235 Hardman S Ave, South Saint Paul, MN 55075-2455
      View Details
    • Value Estimation
      $2,385,000
      23,952 SF

      555 Hardman S Ave

      SHOW ROOM, WAREHOUSE
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      View Details
    • Value Estimation by Request
      5,228 SF

      112 Concord Exchange S

      SHOW ROOM, WAREHOUSE
      112 Concord Exchange S, South Saint Paul, MN 55075-2446
      View Details

    Similar Nearby for Sale

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      Turnkey Retail/Restaurant with Home

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    • $240,000
      0.11 Acres

      Commercial Building with Parking Lots

      Stand-alone commercial building suitable for retail or office use.
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    Similar Nearby for Lease

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      Flex Space Available For Rent

      Flex space in South St. Paul, gross lease includes utilities.
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      Spacious St. Paul Warehouse Opportunity

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      South St Paul Distribution Site

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    South Saint Paul, MN 55075-5916
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    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
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