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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Turn key restaurants
1220 Rice St, Saint Paul, MN 55117-4539
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-1135559
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1956
Total area
6,084 SF
Lot
0.08 ac (3,615 SF)
Zoning code
D
APN
19-29-22-33-0086
UPID
US46-1135559
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
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$595k
Owner & transaction history
Jo Silverloft LLC · 2 yrs held
Jo Silverloft LLC
since 2024
Last sale
$595,000
7 recorded transactions
Zoning & alternative use
D · Saint Paul, 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 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
$595,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $595k (Jun 10 2024)
Last sale anchor
$595k
Jun 10 2024
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
$98 / 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
$15,184
Tax year 2023
Assessed value
$556,800
Assessed 2023
Previous assessed
$471,900
+18.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$43,700
Assessed improvement
$513,100
Land market value
$43,700
Improvement market value
$513,100
Total market value
$556,800
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
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1956
Heating
STEAM
Buildings
3
Total area
6,084 SF
Lot
0.08 ac (3,615 SF)
Zoning code
D
APN
19-29-22-33-0086
UPID
US46-1135559
Jurisdiction
RAMSEY
Zoning & alternative use
D · Saint Paul, MN
Zoning D · permitted uses
D · Saint Paul, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Paul. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
STEAM
Buildings
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Jo Silverloft LLC
Entity
Mailing address
3500 WELCOME AVE N, CRYSTAL, MN 55422-2636
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
—
Jo Silverloft LLC
Tin Cups LLC
Lease
—
Jun 7, 2024
$595,000
Lucy Bar & Restaurant LLC
Jo Silverloft LLC
Warranty Deed
$360,000 · Associated Bank NA
Feb 28, 2020
—
Jo Silverloft LLC
—
Deed
related
$360,000 · Royal Cu
Aug 30, 2019
$450,000
Jo Silverloft LLC
Horn Mn2 LLC
Warranty Deed
$360,000 · Royal Cu
Mar 25, 2008
$349,511
Patrick B Sovis
Sager,shirley A
Warranty Deed
—
Mar 25, 2008
$378,529
Horn Mn2 LLC
Sovis,patrick B & Laurice
Warranty Deed
$330,000 · Crown Bank
—
—
Jo Silverloft LLC
—
Deed Of Trust
related
$360,000 · Royal Cu
—
—
Horn Mn2 LLC
—
Deed Of Trust
related
$22,500 · Sparc
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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