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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Investment properties
1342 Thomas Ave Saint Paul, MN 55104-2482
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0980845
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1914
Construction
WOOD FRAME
Total area
11,000 SF
Lot
0.17 ac (7,449 SF)
Zoning code
L
APN
34-29-23-24-0227
UPID
US46-0980845
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
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$740k
Owner & transaction history
1668 Selby LLC · 5 yrs held
1668 Selby LLC
since 2020
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
L · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+76.5%
Retail stores
$1.1M
+64.8%
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
$725,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$680,000
Current use
OFFICE BUILDING
$1,205,000
Change: +77% · Conversion: Easy
RETAIL STORES
$1,125,000
Change: +65% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $750k (Oct 21 2020)
Last sale anchor
$750k
Oct 21 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
$67 / 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
$17,372
Tax year 2023
Assessed value
$798,600
Assessed 2023
Previous assessed
$629,600
+26.8% YoY
Effective rate
2.18%
On assessed value
Assessed land
$74,500
Assessed improvement
$724,100
Land market value
$74,500
Improvement market value
$724,100
Total market value
$798,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1914
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
11,000 SF
Lot
0.17 ac (7,449 SF)
Zoning code
L
APN
34-29-23-24-0227
UPID
US46-0980845
Jurisdiction
RAMSEY
Zoning & alternative use
L · Saint Paul, MN
Zoning L · permitted uses
L · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$680,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL) 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
1914
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
1668 Selby LLC
Entity
Mailing address
1564 SELBY AVE APT #9, SAINT PAUL, MN 55104-6337
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
$750,000
1668 Selby LLC
2040 Saint Anthony Avenue LLC
Warranty Deed
$680,000 · Village Bk
Nov 10, 2015
$750,000
2040 Saint Anthony Avenue LLC
Dadders Estates LLC
Warranty Deed
$600,000 · Royal Cu
Dec 19, 2012
—
Dadders Estates LLC
—
Deed Of Trust
related
$1,163,000 · Alliance Bank
Jun 6, 2012
—
Dadders Estates LLC
—
Grant Deed
related
$1,050,000 · Optimistic LLC
Jun 27, 2011
—
Dadders Estates LLC
—
Trustees Deed
related
$485,070 · Community Resource Bank
Mar 9, 2004
—
Dadders Estates LLC
Moberg,james L & Diana K
Grant Deed
$285,000 · Alliance Bank
Jan 7, 1998
$100,000
James I Moberg
Zweber,geraldine L & Donald N
Grant Deed
—
—
—
Dadders Estates LLC
—
Deed Of Trust
related
$498,000 · Community Resource 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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