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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Office buildings
161 Marie E Ave West Saint Paul, MN 55118-4004
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0673218
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
WOOD
Total area
5,808 SF
Lot
1.44 ac (62,726 SF)
Zoning code
R
APN
42-02000-62-040
UPID
US46-0673218
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
Bingo Properties LLC · 2 yrs held
Bingo Properties LLC
since 2024
Last sale
$880,000
7 recorded transactions
Zoning & alternative use
R · West Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+92.8%
Auto repair, garage
$1.2M
+85.1%
Neighborhood: shopping center
$975,000
+53.3%
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 West Saint Paul submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$880,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
$1,280,000
6.5%
$1,180,000
7%
$1,100,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$635,000
Current use
RESTAURANT
$1,225,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,175,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$855,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$670,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$595,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $880k (Apr 29 2024)
Last sale anchor
$880k
Apr 29 2024
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
$152 / 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
$12,426
Tax year 2023
Assessed value
$447,800
Assessed 2023
Previous assessed
$447,800
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$308,900
Assessed improvement
$138,900
Land market value
$308,900
Improvement market value
$138,900
Total market value
$447,800
Applied tax rate
42.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Bathrooms
2
Total area
5,808 SF
Lot
1.44 ac (62,726 SF)
Zoning code
R
APN
42-02000-62-040
UPID
US46-0673218
Jurisdiction
DAKOTA
Zoning & alternative use
R · West Saint Paul, MN
Zoning R · permitted uses
R · West Saint Paul, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Saint Paul. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$635,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$975,000
MEDICAL BUILDING
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$670,000
RETAIL STORES
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1966
Construction
WOOD
Heating
NONE
Bathrooms
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
Bingo Properties LLC
Entity
Mailing address
161 MARIE AVE E, WEST SAINT PAUL, MN 55118-4004
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
$880,000
Bingo Properties LLC
Jh&s LLC
Warranty Deed
$704,000 · Gateway Bank Fsb
Jun 5, 2018
—
Jhs LLC
—
Deed
related
—
May 4, 2018
—
J H S LLC
—
Deed
related
$100,000 · Associated Bank NA
—
—
Jhs LLC
—
Deed Of Trust
related
$339,235 · Anchor Bank West St Paul NA
—
—
Jhs LLC
—
Deed Of Trust
related
$901,000 · Anchor Bank NA
—
—
Jhs LLC
—
Deed Of Trust
related
$490,080 · Associated Bank
—
—
Jhs LLC
—
Deed Of Trust
related
—
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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