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Property profile & analytics
OFF-MARKET
Estimated value
$7,190,000
Community centers
1177 Clarence St, Saint Paul, MN 55106-2857
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0846613
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2008
Total area
76,597 SF
Lot
6.6 ac (287,496 SF)
APN
27-29-22-22-0162
UPID
US46-0846613
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.19M
Owner & transaction history
Suso 2 Phalen LP · 1 yrs held
Suso 2 Phalen LP
since 2025
7 recorded transactions
Zoning & alternative use
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 Saint Paul submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Paul 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,285,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$7.19M
Range $6.47M – $7.91M · ±10%
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
$94 / 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
$531,360
Tax year 2023
Assessed value
$15,000,000
Assessed 2023
Previous assessed
$15,000,000
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$2,300,000
Assessed improvement
$12,700,000
Land market value
$2,300,000
Improvement market value
$12,700,000
Total market value
$15,000,000
Applied tax rate
625.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2008
Heating
STEAM
Buildings
4
Total area
76,597 SF
Lot
6.6 ac (287,496 SF)
APN
27-29-22-22-0162
UPID
US46-0846613
Jurisdiction
RAMSEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$11.3M
MEDICAL BUILDING
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
2008
Heating
STEAM
Buildings
4
Lot
6.6 ac
Current owner
From public records · entity-resolved
Suso 2 Phalen LP
Entity
Mailing address
45 S 7TH ST STE #3051, MINNEAPOLIS, MN 55402-1639
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
—
Suso 2 Phalen LP
—
Deed
related
$39,300,000 · Webster Bank
Sep 15, 2011
—
Ktj LP One Hundred Eighty-one
—
Deed Of Trust
related
$13,280,000 · Bnc National Bank
—
—
Ktj LP One Hundred Eighty-one
—
Deed Of Trust
related
$497,000 · Bnc National Bank
—
—
Ktj LP One Hundred Eighty-one
—
Deed Of Trust
related
$13,280,000 · Bnc National Bank
—
—
Ktj LP One Hundred Eighty-one
—
Deed Of Trust
related
$497,000 · Bnc National Bank
—
—
Ktj LP
—
Loan Modification
related
$497,000 · Bnc National Bank
—
—
LP One Hundred Eighty O Ktj
—
Deed Of Trust
related
$497,000 · Bnc National Bank
—
—
Suso 2 Phalen LP
—
Deed Of Trust
related
$10,140,000 · Miscellaneous Ins Co
—
—
Ktj LP One Hundred Eighty-one
—
Loan Modification
related
$13,280,000 · Bnc National Bank
—
—
Ktj LP
—
Loan Modification
related
$13,280,000 · Bnc National Bank
—
—
Ktj LP One Hundred Eighty-one
—
Deed Of Trust
related
$13,280,000 · Bnc National Bank
—
—
Ktj LP One Hundred Eighty-one
—
Deed Of Trust
related
$497,000 · Bnc National Bank
—
—
Ktj LP One Hundred Eighty-one
—
Deed Of Trust
related
$13,280,000 · Bnc National Bank
—
—
LP One Hundred Eighty O Ktj
—
Deed Of Trust
related
$13,280,000 · Bnc National 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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