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Property profile & analytics
OFF-MARKET
Estimated value
$6,605,000
Warehouses
1140 Gervais Ave, Maplewood, MN 55109-2020
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0772267
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Total area
75,600 SF
Lot
4.2 ac (182,952 SF)
Zoning code
G
APN
09-29-22-42-0001
UPID
US46-0772267
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.08M
Blend (final)
Blend
$6.61M
Owner & transaction history
Mnjv Gervais LLC · 4 yrs held
Mnjv Gervais LLC
since 2022
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
G · Maplewood, 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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
$5,885,000
ML approach
$5,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,710,000
Current use
OFFICE BUILDING
$8,275,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$7,730,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$6.61M
Range $5.94M – $7.27M · ±10% · vs last sale $7.21M (Apr 18 2022)
Last sale anchor
$7.21M
Apr 18 2022
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
$87 / 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
$184,418
Tax year 2023
Assessed value
$7,022,300
Assessed 2023
Previous assessed
$5,534,600
+26.9% YoY
Effective rate
2.63%
On assessed value
Assessed land
$1,280,700
Assessed improvement
$5,741,600
Land market value
$1,280,700
Improvement market value
$5,741,600
Total market value
$7,022,300
Applied tax rate
622.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
STEAM
Buildings
3
Total area
75,600 SF
Lot
4.2 ac (182,952 SF)
Zoning code
G
APN
09-29-22-42-0001
UPID
US46-0772267
Jurisdiction
RAMSEY
Zoning & alternative use
G · Maplewood, MN
Zoning G · permitted uses
G · Maplewood, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maplewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.3M
RETAIL STORES
Est. value
$7.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
1977
Heating
STEAM
Buildings
3
Lot
4.2 ac
Current owner
From public records · entity-resolved
Mnjv Gervais LLC
Entity
Mailing address
5050 LINCOLN DR STE #420, MINNEAPOLIS, MN 55436-1054
Ownership since
2022
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
Apr 18, 2022
$7,210,000
Mnjv Gervais LLC
Oivf II Geravais LLC
Limited Warranty Deed
$202,710,000 · Truist Bank
Nov 22, 2021
$6,475,000
Oivf II Gervais LLC
Acky Gervais LLC
Limited Warranty Deed
—
Feb 21, 2020
$3,445,341
Aky-gervais LLC
Second Harvest Heartland
Grant Deed
$2,000,000 · Minnwest Bk
Jun 27, 2017
—
Second Harvest Heartland
—
Deed
related
$3,134,000 · Bremer Bk NA
Nov 12, 2002
$500
Second Harvest Heartland
Port Authority St Paul City
Grant Deed
$2,500,000 · Port Authority St Paul City
—
—
Second Harvest Heartland
—
Deed Of Trust
related
$1,800,000 · Bremer Bank NA
—
—
Second Harvest Heartland
—
Deed Of Trust
related
$3,134,000 · Bremer Bk NA
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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