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    1505 Concord N St South Saint Paul, MN 55075-1130
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    Property profile & analytics

    1505 Concord N St, South Saint Paul, MN 55075-1130

    View on Map
    • Showrooms
    • 7,160 SF
    • 0.32 lot acres
    Off-Market
    Property ID
    US46-1026416
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Powers Electric Inc / Electrical Service / General Contractor
    • Evolve Autos SSP / Car Dealership
    • The Motor Gals / Car Dealership

    Property Details for 1505 Concord N St

    Year built
    1949
    Construction
    CONCRETE
    Lot size
    0.32 lot acres
    Zone code
    R
    Property type
    Showrooms
    APN
    36-47850-01-033
    APU
    364785001033

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 14, 2025 — 1505 Concord Street S LLC — Deed · related $350k · Coulee Bank
    Oct 11, 2019 $500 Powers,t E & L K Trust Thomas E Powers Warranty Deed · related —
    Jan 24, 2019 $210,000 Yimi Mejia & Jimmys Auto Sale Jacobson,randy Warranty Deed —
    Jan 24, 2019 $130,000 Randy A Jacobson Vanzee,robert A & Theresa A Warranty Deed —
    Jan 24, 2019 — Nina M Martinson Martinso,robert L Deed · related —
    Jan 24, 2019 $500 Jimmys Auto Sales LLC Mejia,yimi Quitclaim Deed · related —
    Jan 24, 2019 $135,000 Robert A Vanzee Martinson,nina M Warranty Deed —
    Apr 30, 2018 $210,000 Yimi Mejia Jacobsen,randy Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.057
    Latitude
    44.9162
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,764
    $87,100
    $261,500
    $348,600
    -
    $87,100
    $261,500
    $348,600

    Comparable in this City

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      $9,085,000
      108,004 SF

      201 Armour Ave

      SHOW ROOM, WAREHOUSE
      201 Armour Ave, South Saint Paul, MN 55075-2645
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      $8,580,000
      108,144 SF

      305 Bridgepoint Dr

      SHOW ROOM, WAREHOUSE
      305 Bridgepoint Dr, South Saint Paul, MN 55075-2482
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      $10,685,000
      130,171 SF

      290 Bridgepoint Dr

      SHOW ROOM, WAREHOUSE
      290 Bridgepoint Dr, South Saint Paul, MN 55075-2469
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    • Value Estimation
      $1,965,000
      20,041 SF

      235 Hardman S Ave

      SHOW ROOM, WAREHOUSE
      235 Hardman S Ave, South Saint Paul, MN 55075-2455
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    • Value Estimation
      $2,385,000
      23,952 SF

      555 Hardman S Ave

      SHOW ROOM, WAREHOUSE
      555 Hardman S Ave, South Saint Paul, MN 55075-2413
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    • Value Estimation by Request
      5,228 SF

      112 Concord Exchange S

      SHOW ROOM, WAREHOUSE
      112 Concord Exchange S, South Saint Paul, MN 55075-2446
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,963 SF

      Retail Property with Recent Improvements

      Well-located retail property with great access and recent improvements.
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    • $240,000
      0.11 Acres

      Commercial Building with Parking Lots

      Stand-alone commercial building suitable for retail or office use.
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    • $435,000
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      Flexible Retail-Office Building

      Versatile downtown space suited for retail or professional office use, with potential for single or dual occupancy.
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    • $499,000
      3,616 SF

      Turnkey Retail/Restaurant with Home

      Mixed-use property includes a turnkey retail/restaurant with newer kitchen, plus a well-maintained home on a single lot.
      1025 Southview Blvd, South Saint Paul, MN 55075
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    • $79,000
      0.11 Acres

      Residential Lots Near Downtown St. Paul

      Two residential lots with highway access and nearby amenities.
      1425 Evans Ave, South Saint Paul, MN 55075
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    • $32,500
      0.12 Acres

      Residential Lot in South Saint Paul

      Vacant lot with city sewer and water access.
      3xx 2Nd St, South Saint Paul, MN 55075
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    Similar Nearby for Lease

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      South Saint Paul Restaurant Space

      Fully fixtured restaurant space with ample parking and signage.
      225 13Th Ave S, South St Paul, MN 55075
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      8,000 SF

      Retail Space in South St. Paul

      8,000 SF retail space available for lease.
      633 Concord St S, South St Paul, MN 55075
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    • Contact for pricing
      203 SF

      Flex Space Available For Rent

      Flex space in South St. Paul, gross lease includes utilities.
      820 Concord St N, South St Paul, MN 55075
      View Details
    • Contact for pricing
      79,200 SF

      South St Paul Distribution Site

      27-acre site for high-bay distribution or industrial manufacturing.
      843 Hardman Ave S, South St Paul, MN 55075
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    • Contact for pricing
      422,727 SF

      Spacious St. Paul Warehouse Opportunity

      422,727 SF property ideal for logistics and distribution.
      411 Farwell Ave, South St Paul, MN 55075
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    • Contact for pricing

      South Saint Paul Warehouse Space

      Warehouse space available in South Saint Paul with highway access.
      Xxxx Hardman Ave S, South Saint Paul, MN 55075
      View Details
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    South Saint Paul, MN 55075-1130
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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