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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
1270 Cope E Ave Maplewood, MN 55109-2510
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US46-0848164
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD FRAME
Total area
4,815 SF
Lot
0.58 ac (25,178 SF)
Zoning code
G
APN
09-29-22-41-0022
UPID
US46-0848164
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
$621k
Blend (final)
Blend
$520k
Owner & transaction history
Paul K Wallin · 8 yrs held
Paul K Wallin
since 2017
7 recorded transactions
Zoning & alternative use
G · Maplewood, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$810,000
+13.9%
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
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
$710,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$108 / 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
$19,690
Tax year 2023
Assessed value
$707,500
Assessed 2023
Previous assessed
$642,600
+10.1% YoY
Effective rate
2.78%
On assessed value
Assessed land
$151,200
Assessed improvement
$556,300
Land market value
$151,200
Improvement market value
$556,300
Total market value
$707,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Total area
4,815 SF
Lot
0.58 ac (25,178 SF)
Zoning code
G
APN
09-29-22-41-0022
UPID
US46-0848164
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
MEDICAL BUILDING Current
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Lot
0.58 ac
Current owner
From public records · entity-resolved
Paul K Wallin
Individual
Mailing address
1270 COPE AVE E, SAINT PAUL, MN 55109-2510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
—
Preferred Dental LLC
—
Deed
related
$225,000 · Frandsen Bank & Trust
Dec 9, 2020
—
Preferred Dental LLC
—
Deed
related
$180,499 · Peoples Bank Midwest
Dec 4, 2020
—
Preferred Dental LLC
—
Deed
related
$200,000 · Peoples Bank Midwest
Dec 7, 2017
$116,668
Paul K Wallin
Haglund,bruce C & Sue
Warranty Deed
—
Dec 7, 2017
$500
Preferred Dental LLC
Wallin,paul K & Amy
Warranty Deed
related
$199,207 · Wells Fargo Bk
Oct 13, 2010
$500
Bruce C Haglund
Haglund,kathleen A
Quit Claim Deed
related
—
Apr 15, 2004
$109,042
Donald Yee-yick
Haglund,bruce C & Kathleen A
Grant Deed
—
Apr 15, 2004
$54,521
Donald Yee-yick
Wallin,paul K & Amy
Grant Deed
$52,916 · Bruce C Haglund
Mar 24, 2003
$165,000
Paul K Wallin
Haglund,bruce C & Kathleen A
Grant Deed
—
Dec 28, 1998
—
A A Metcalf Moving Storage Co
Christianson,barbara J
Trustees Deed
$1,932,161 · Midway National Bank
—
—
Bruce C Haglund
—
Deed Of Trust
related
$120,000 · Western Fsb
—
—
Preferred Dental LLC
—
Deed Of Trust
related
$180,499 · Peoples Bk Midwest
—
—
Preferred Dental LLC
—
Deed Of Trust
related
$200,000 · Peoples Bk Midwest
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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