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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail residential properties
1281 Frost Ave Maplewood, MN 55109-4336
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0078072
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1969
Total area
4,800 SF
Lot
0.25 ac (10,759 SF)
Zoning code
E
APN
16-29-22-14-0078
UPID
US46-0078072
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
$565k
CAP Approach
CAP
$835k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Maplewood Commercial LLC · 6 yrs held
Maplewood Commercial LLC
since 2020
Last sale
$698,500
7 recorded transactions
Zoning & alternative use
E · Maplewood, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$975,000
+167.7%
Neighborhood: shopping center
$805,000
+121.6%
Medical building
$705,000
+94.6%
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
$630,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$975,000
Change: +168% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$805,000
Change: +122% · Conversion: Difficult
MEDICAL BUILDING
$705,000
Change: +95% · Conversion: Easy
WAREHOUSE, STORAGE
$555,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: +45% · Conversion: Easy
RETAIL STORES
$490,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $699k (Jul 15 2020)
Last sale anchor
$699k
Jul 15 2020
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
$135 / 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
$10,446
Tax year 2023
Assessed value
$441,700
Assessed 2023
Previous assessed
$368,100
+20.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$64,800
Assessed improvement
$376,900
Land market value
$64,800
Improvement market value
$376,900
Total market value
$441,700
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
NONE
Total area
4,800 SF
Lot
0.25 ac (10,759 SF)
Zoning code
E
APN
16-29-22-14-0078
UPID
US46-0078072
Jurisdiction
RAMSEY
Zoning & alternative use
E · Maplewood, MN
Zoning E · permitted uses
E · 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
AUTO REPAIR, GARAGE
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$805,000
MEDICAL BUILDING
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$555,000
OFFICE BUILDING
Est. value
$525,000
RETAIL STORES
Est. value
$490,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1969
Heating
NONE
Cooling
Yes
Lot
0.25 ac
Current owner
From public records · entity-resolved
Maplewood Commercial LLC
Entity
Mailing address
233 PARK AVE STE #201, MINNEAPOLIS, MN 55415-1112
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2020
$698,500
Maplewood Commercial LLC
Wl Investments INC
Warranty Deed
—
Sep 25, 2017
—
Wl Investments INC
—
Deed
related
—
Jul 1, 2015
$1,407,353
Maplewood Ventures LLC
Hall Robert L
Warranty Deed
—
Jul 1, 2015
$1,826,124
Maplewood Acquisition LLC
Maplewood Ventures LLC
Grant Deed
related
$1,100,000 · Bridgewater Bk
Jun 27, 2001
$235,500
W L Investments INC
Maplewood Ventures LLC
Grant Deed
$231,000 · Jennings State Bank
—
—
Wl Investments INC
—
Deed Of Trust
related
$205,000 · Merchants Bank
—
—
Wl Investments INC
—
Loan Modification
related
—
—
—
Wendy L Lauber
—
Deed Of Trust
related
$46,000 · S & C Bank
—
—
Wi Investments INC
—
Deed Of Trust
related
$213,750 · Key Community 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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