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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Retail space
1567 Grand Ave, Saint Paul, MN 55105
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0724285
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
8,700 SF
Lot
0.19 ac (8,102 SF)
Zoning code
L
APN
03-28-23-32-0076
UPID
US46-0724285
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
$1.12M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
Macalester College · 1 yrs held
Macalester College
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
L · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+106.5%
Auto repair, garage
$1.8M
+98.3%
Neighborhood: shopping center
$1.5M
+64.2%
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
$1,075,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Alternative Use
Use
Estimation
RETAIL STORES
$890,000
Current use
RESTAURANT
$1,835,000
Change: +107% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,765,000
Change: +98% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,460,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$1,280,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,000,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$950,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$950,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.25M (Feb 3 2025)
Last sale anchor
$1.25M
Feb 3 2025
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
$135 / 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
$40,510
Tax year 2023
Assessed value
$1,073,300
Assessed 2023
Previous assessed
$962,700
+11.5% YoY
Effective rate
3.77%
On assessed value
Assessed land
$243,300
Assessed improvement
$830,000
Land market value
$243,300
Improvement market value
$830,000
Total market value
$1,073,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Heating
STEAM
Buildings
2
Total area
8,700 SF
Lot
0.19 ac (8,102 SF)
Zoning code
L
APN
03-28-23-32-0076
UPID
US46-0724285
Jurisdiction
RAMSEY
Zoning & alternative use
L · Saint Paul, MN
Zoning L · permitted uses
L · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$890,000
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$950,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$950,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1925
Heating
STEAM
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Macalester College
Individual
Free & Clear · 1 yrs held
Mailing address
10125 E TUPELO AVE, MESA, AZ 85212-8454
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
$1,250,000
Macalester College
Coper Proeprties
Warranty Deed
—
Mar 14, 2019
—
Coper Properties
—
Deed
related
$270,000 · Royal Cu
Nov 18, 2011
—
Coper Properties
—
Deed Of Trust
related
$1,019,596 · Royal Cu
Nov 7, 2011
—
Coper Properties
—
Deed Of Trust
related
$1,019,596 · Royal Cu
—
—
Coper Properties
—
Deed Of Trust
related
$270,000 · Royal Cu
—
—
Coper Properties
—
Loan Modification
related
—
—
—
Coper Properties
—
Loan Modification
related
—
—
—
Coper Properties
—
Deed Of Trust
related
$1,270,000 · Royal Cu
—
—
Coper Properties
—
Loan Modification
related
—
—
—
Coper Properties
—
Deed Of Trust
related
$200,000 · Central Bank & Trust
—
—
Coper Properties
—
Deed Of Trust
related
$30,000 · Royal Cu
—
—
Coper Properties
—
Deed Of Trust
related
$30,000 · Royal 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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