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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Apartment buildings
1696 Ashland Ave, Saint Paul, MN 55104-6146
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US46-0109783
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Construction
WOOD FRAME
Total area
12,096 SF
Lot
0.17 ac (7,492 SF)
Zoning code
E
APN
04-28-23-14-0121
UPID
US46-0109783
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
$1.38M
Blend (final)
Blend
$1.19M
Owner & transaction history
1696 Ashland Avenue LLC · 14 yrs held
1696 Ashland Avenue LLC
since 2011
7 recorded transactions
Zoning & alternative use
E · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+48.3%
Warehouse, storage
$1.4M
+16.0%
Office building
$1.3M
+10.2%
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
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)
$1,200,000
Current use
MEDICAL BUILDING
$1,780,000
Change: +48% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,395,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$1,325,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$1,235,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$98 / 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
$32,932
Tax year 2023
Assessed value
$1,777,000
Assessed 2023
Previous assessed
$1,777,000
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$260,000
Assessed improvement
$1,517,000
Land market value
$260,000
Improvement market value
$1,517,000
Total market value
$1,777,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1920
Construction
WOOD FRAME
Heating
YES
Cooling
NONE
Units
13
Total area
12,096 SF
Lot
0.17 ac (7,492 SF)
Zoning code
E
APN
04-28-23-14-0121
UPID
US46-0109783
Jurisdiction
RAMSEY
Zoning & alternative use
E · Saint Paul, MN
Zoning E · permitted uses
E · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
1920
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Units
13
Lot
0.17 ac
Current owner
From public records · entity-resolved
1696 Ashland Avenue LLC
Entity
Mailing address
633 DAYTON AVE APT #4, SAINT PAUL, MN 55104-7677
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2011
$500
1696 Ashland Avenue LLC
Gardner,jeffrey L
Quit Claim Deed
related
$600,000 · University National Bank
Aug 17, 1999
$325,000
Gardner,jeffrey L
H P & F Partnership
Trustees Deed
$322,000 · Inter Savings Bank Fsb
Aug 17, 1999
$131,303
H P & F Partnership
Allen Mastbaum Trustee
Trustees Deed
—
Aug 17, 1999
$131,000
H P & F Partnership
Saide,sam & Mary
Trustees Deed
—
—
—
1696 Ashland Avenue LLC
—
Deed Of Trust
related
$456,000 · Bankcherokee
—
—
Jeffrey L Gardner
—
Deed Of Trust
related
$250,000 · Associated Bank Minnesota
—
—
Jeffrey Gardner
—
Deed Of Trust
related
$500,000 · University National Bank
—
—
Jeffrey L Gardner
—
Deed Of Trust
related
$122,000 · University National Bank
—
—
Jeffrey L Gardner
—
Deed Of Trust
related
$255,000 · 662 Selby Dev 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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