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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Investment properties
135 Winnipeg Ave Saint Paul, MN 55117-5435
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US46-3131370
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2008
Construction
WOOD FRAME
Total area
45,612 SF
Lot
0.52 ac (22,651 SF)
APN
30-29-22-32-0230
UPID
US46-3131370
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
$4.81M
Blend (final)
Blend
$4.15M
Owner & transaction history
Winnipeg Apartments · 18 yrs held
Winnipeg Apartments
since 2007
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.7M
+94.6%
Warehouse, storage
$5.3M
+52.2%
Office building
$5.0M
+44.6%
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 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
COMMERCIAL (GENERAL)
$3,455,000
Current use
MEDICAL BUILDING
$6,720,000
Change: +95% · Conversion: Easy
WAREHOUSE, STORAGE
$5,255,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$4,995,000
Change: +45% · Conversion: Easy
RETAIL STORES
$4,665,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±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
$91 / 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
$85,086
Tax year 2023
Assessed value
$5,227,000
Assessed 2023
Previous assessed
$6,071,900
-13.9% YoY
Effective rate
1.63%
On assessed value
Assessed land
$560,000
Assessed improvement
$4,667,000
Land market value
$560,000
Improvement market value
$4,667,000
Total market value
$5,227,000
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
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
2008
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
45,612 SF
Lot
0.52 ac (22,651 SF)
APN
30-29-22-32-0230
UPID
US46-3131370
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
COMMERCIAL (GENERAL) Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$5.3M
OFFICE BUILDING
Est. value
$5.0M
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL) Current
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
2008
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Winnipeg Apartments
Individual
Mailing address
755 SELBY AVEA, SAINT PAUL, MN 55104-7643
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2017
—
Winnipeg Apartments LP
—
Loan Modification
related
$2,727,597 · Jones Lang Lasalle Multifamily
Dec 5, 2007
$152,500
Winnipeg Apartments
Housing & Redev Authority Of City
Quit Claim Deed
related
$2,600,000 · Sparc
Dec 5, 2007
$305,000
Winnipeg Apartments
Sparc
Grant Deed
$305,000 · Housing & Redev Authority Cty
Dec 14, 2005
$375,000
Sparc
Johnson,darrin R
Warranty Deed
—
—
—
Winnipeg Apartments
—
Deed Of Trust
related
$25,012 · City Of Saint Paul
—
—
Winnipeg Apartments
—
Deed Of Trust
related
$349,022 · City Of Saint Paul
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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