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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1566 Rice St Saint Paul, MN 55117-3750

    • Automotive properties
    • 5,300 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Sep 06, 2022
    $1,481,061
    Value Estimations
    $1,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0627315
    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.

    Current Use by Public Records

    • Automotive properties

    Property Details for 1566 Rice St

    Year built
    2001
    Lot size
    0.42 lot acres
    Property size
    5,300 SF
    Zone code
    M
    Property type
    Automotive properties
    APN
    19-29-22-22-0039
    APU
    192922220039

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,070,000
      ML approach
      $1,145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,153,000
      Market price range: $500k - $1.67M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,075,000
      Current use
      RESTAURANT
      $1,120,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $890,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1055
    Latitude
    44.9885
    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
    $21,552
    $220,500
    $542,200
    $762,700
    -
    $220,500
    $542,200
    $762,700

    Comparable in this City

    • Value Estimation
      $520,000
      17,130 SF

      1301 Jackson St

      VEHICLE SALES, RENTALS • 17,130 SF
      1301 Jackson St, Saint Paul, MN 55117-4627
      View Details
    • Value Estimation by Request
      3,742 SF

      1176 Dl N St

      VEHICLE SALES, RENTALS • 3,742 SF
      1176 Dl N St, Saint Paul, MN 55117-4121
      View Details
    • Value Estimation by Request
      3,608 SF

      118 County Rd C W C

      VEHICLE SALES, RENTALS • 3,608 SF
      118 County Rd C W C, Little Canada, MN 55117
      View Details
    • Value Estimation by Request
      640 SF

      370 Maryland W Ave

      VEHICLE SALES, RENTALS • 640 SF
      370 Maryland W Ave, Saint Paul, MN 55117-4816
      View Details
    • Value Estimation by Request
      0.01 Acres

      745 County Rd D D Eg13

      RESIDENTIAL PARKING GARAGE • 0.01 Acres
      745 County Rd D D Eg13, Saint Paul, MN 55117-1274
      View Details
    • Value Estimation by Request
      2,864 SF

      70 Hyacinth W Ave

      SERVICE STATION (FULL SERVICE) • 2,864 SF
      70 Hyacinth W Ave, Saint Paul, MN 55117-4501
      View Details

    Similar Nearby for Sale

    • $179,000
      Pending

      Mixed-Use Building in Saint Paul

      Mixed-use property with retail space and residential unit in St. Paul.
      888 Rice St, Saint Paul, MN 55117
      View Details
    • $3,500,000
      960 SF

      Office Space in Little Canada

      Office space for sale with freeway visibility and building signage.
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    • $249,900
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      Saint Paul Corner Industrial Lot

      Prime corner lot in St. Paul, zoned for light industrial.
      370 Atwater St W, Saint Paul, MN 55117
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    • $1,350,000
      0.23 Acres

      Saint Paul Multifamily Investment

      Fully leased building with long-term tenants in Saint Paul.
      1566 Woodbridge St, Saint Paul, MN 55117
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    • $375,000
      2,580 SF

      Spacious Townhome with Ample Storage

      One-level living with open layout, fireplace, and finished lower level.
      2750 Park View Ct, Little Canada, MN 55117
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    • Contact for pricing
      0.74 Acres

      Land For Sale, Little Canada

      Commercial land available in Little Canada, Minnesota.
      70 County Rd C W, Little Canada, MN 55117
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      8,416 SF

      University Ave Retail Space For Lease

      Prime Minneapolis storefront, multiple units available.
      2929 University Ave, Minneapolis, MN 55117
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    • $15 SF/Yr
      2,001 SF

      Little Canada Office/Retail Space

      2,001 SF newly constructed office/retail space available for rent.
      125 Little Canada Rd W, Little Canada, MN 55117
      View Details
    • $10 SF/Yr
      4,341 SF

      Little Canada Medical Office Space

      4,341 SF Medical Office for Lease
      2935 Country Dr, Little Canada, MN 55117
      View Details
    • $16 SF/Yr
      12,432 SF

      Prime Ramsey County Office Space

      Modern Office Suites, Hwy Access
      5 County Road B, Saint Paul, MN 55117
      View Details
    • $144 SF/Yr
      32,670 SF

      Prime Little Canada Office Space

      Modern Office Suites Available, 1,650-3,105 SF
      2885 Country Dr, Little Canada, MN 55117
      View Details
    • $10 SF/Yr
      27,202 SF

      Executive Office Space Little Canada

      Prime Little Canada Office Suite Available
      75 Viking Dr, Little Canada, MN 55117
      View Details
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    1566 Rice St
    Saint Paul, MN 55117-3750
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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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