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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Specialty properties
1406 2nd St, Duluth, MN 55805-2378
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0571214
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1907
Total area
4,522 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R3
APN
010-1480-05300
UPID
US46-0571214
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
Current use
Occupant on record · Public records
-
Arrowhead CSN Physician Medical Clinic
-
Heidi Wendorf Physician
-
East Hillside Patch Social Service Agency Charitable Organization
-
Krystle Haugen Marriage Or Relationship Counselor Practitioner Service Location
-
Jaime Mallory Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
First Witness Child Advocacy Center · 4 yrs held
First Witness Child Advocacy Center
since 2022
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
R3 · Duluth, 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 Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth 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
$995,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$735,000
Current use
COMMERCIAL (GENERAL)
$700,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $850k (May 20 2022)
Last sale anchor
$850k
May 20 2022
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
$205 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$229,200
Assessed 2022
Previous assessed
$354,000
-35.3% YoY
Assessed land
$51,700
Assessed improvement
$177,500
Land market value
$51,700
Improvement market value
$177,500
Total market value
$229,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1907
Heating
HOT WATER
Stories
2
Units
6
Total area
4,522 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R3
APN
010-1480-05300
UPID
US46-0571214
Jurisdiction
ST LOUIS
Zoning & alternative use
R3 · Duluth, MN
Zoning R3 · permitted uses
R3 · Duluth, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$700,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
COMMERCIAL (GENERAL)
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
1907
Heating
HOT WATER
Stories
2
Units
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
First Witness Child Advocacy Center
Individual
Mailing address
4 W 5TH ST, DULUTH, MN 55806-2728
Ownership since
2022
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
May 20, 2022
$850,000
First Witness Child Advocacy Center
Human Development Center
Warranty Deed
$856,463 · National Bank Of Commerce
Aug 18, 2017
—
Human Dev Center
—
Grant Deed
related
$1,815,000 · Members Cooperative Cu
—
—
Human Dev Center
—
Loan Modification
related
—
—
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Human Dev Center
—
Loan Modification
related
—
—
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Human Dev Center
—
Loan Modification
related
—
—
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Human Dev Center
—
Deed Of Trust
related
—
—
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Human Dev Center
—
Loan Modification
related
—
—
—
Human Dev Center
—
Loan Modification
related
—
—
—
Human Dev Center
—
Loan Modification
related
$1,280,000 · Members Cooperative Cu
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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