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Property profile & analytics
OFF-MARKET
Estimated value
$18,745,000
Apartment buildings
1670 Legacy E Pkwy, Maplewood, MN 55109-5469
Entity Owned
13-yr Hold
Free & Clear
Property ID
US46-0110706
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2010
Construction
WOOD FRAME
Total area
212,078 SF
Lot
2.95 ac (128,502 SF)
APN
03-29-22-11-0008
UPID
US46-0110706
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
$20.16M
Blend (final)
Blend
$18.75M
Owner & transaction history
Regent At Maplewood LLC · 13 yrs held
Regent At Maplewood LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$24.4M
+25.3%
Office building
$23.2M
+19.1%
Retail stores
$21.7M
+11.2%
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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,500,000
Current use
WAREHOUSE, STORAGE
$24,435,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$23,220,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$21,680,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$18.75M
Range $16.87M – $20.62M · ±10%
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
$88 / 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
$548,350
Tax year 2023
Assessed value
$28,000,000
Assessed 2023
Previous assessed
$32,008,800
-12.5% YoY
Effective rate
1.96%
On assessed value
Assessed land
$2,980,000
Assessed improvement
$25,020,000
Land market value
$2,980,000
Improvement market value
$25,020,000
Total market value
$28,000,000
Applied tax rate
622.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2010
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
212,078 SF
Lot
2.95 ac (128,502 SF)
APN
03-29-22-11-0008
UPID
US46-0110706
Jurisdiction
RAMSEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$19.5M
WAREHOUSE, STORAGE
Est. value
$24.4M
OFFICE BUILDING
Est. value
$23.2M
RETAIL STORES
Est. value
$21.7M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
2010
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
2.95 ac
Current owner
From public records · entity-resolved
Regent At Maplewood LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1670 LEGACY PKWY E, MAPLEWOOD, MN 55109-5469
Ownership since
2013
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
May 1, 2013
—
Regent At Maplewood LLC
Minnwest Bk Metro
Quit Claim Deed
related
—
Jan 25, 2013
—
Minnwest Bk Metro
Crown Bk
Quit Claim Deed
—
Sep 4, 2009
$1,640,000
Regent At Maplewood LLC
Crown Bk
Grant Deed
$24,496 · Wells Fargo Bank
Jun 11, 2009
$4,764,798
Bk Crown
Sheriff Of Ramsey County
Trustees Deed
related
—
May 13, 2009
$2,117,576
Bk Crown
Sheriff Of Ramsey County
Trustees Deed
related
—
Oct 30, 2008
—
Legacy Holdings-mw LLC
—
Trustees Deed
related
$1,255,000 · Crown Bank
—
—
Regent Of Maplewood LLC
—
Deed Of Trust
related
$24,496,400 · Dougherty Mortgage LLC
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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