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Property profile & analytics
OFF-MARKET
Turn key restaurants
1409 Arc St, Saint Paul, MN 55106-1822
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0330366
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Construction
WOOD FRAME
Total area
2,267 SF
Lot
0.24 ac (10,367 SF)
Zoning code
M
APN
20-29-22-41-0065
UPID
US46-0330366
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Smokn Outdoors Enterprise L Lc · 4 yrs held
Smokn Outdoors Enterprise L Lc
since 2021
6 recorded transactions
Zoning & alternative use
M · Saint Paul, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,318
Tax year 2023
Assessed value
$322,500
Assessed 2023
Previous assessed
$279,400
+15.4% YoY
Effective rate
2.58%
On assessed value
Assessed land
$103,700
Assessed improvement
$218,800
Land market value
$103,700
Improvement market value
$218,800
Total market value
$322,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1950
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Total area
2,267 SF
Lot
0.24 ac (10,367 SF)
Zoning code
M
APN
20-29-22-41-0065
UPID
US46-0330366
Jurisdiction
RAMSEY
Zoning & alternative use
M · Saint Paul, MN
Zoning M · permitted uses
M · 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.
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Lot
0.24 ac
Current owner
From public records · entity-resolved
Smokn Outdoors Enterprise L Lc
Entity
Free & Clear · 4 yrs held
Mailing address
2256 CRAIG PL, MAPLEWOOD, MN 55109-2831
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 7, 2021
$470,000
Smokn Outdoors Enterprise L Lc
Thao Teng
Contract Sale
—
Sep 1, 2015
$310,000
Teng Thao
Richie Fred J SR Trust
Grant Deed
—
Oct 1, 2013
$500
Richie,fred J SR Trust
Richie,fred J SR
Warranty Deed
related
—
Nov 18, 2011
$200,000
Fred J Richie SR.
Mondo,jay J & Luann J
Warranty Deed
—
Nov 7, 2011
$200,000
Fred J Richie SR.
Mondo,jay J & Luann J
Warranty Deed
—
Apr 20, 2007
$147,058
Jay J Mondo
Monda,romolo J
Quit Claim Deed
related
$100,000 · Lake Elmo 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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