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Property profile & analytics
OFF-MARKET
Estimated value
$3,265,000
Apartment buildings
1740 Larpenteur W Ave, Falcon Heights, MN 55113-5731
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1010144
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1968
Construction
WOOD FRAME
Total area
32,109 SF
Lot
4.83 ac (210,395 SF)
Zoning code
D
APN
21-29-23-12-0008
UPID
US46-1010144
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
$4.10M
Blend (final)
Blend
$3.27M
Owner & transaction history
Sidal Realty Co LP Lllp · 14 yrs held
Sidal Realty Co LP Lllp
since 2012
6 recorded transactions
Zoning & alternative use
D · Falcon Heights, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.4M
+82.5%
Medical building
$4.7M
+60.2%
Warehouse, storage
$3.7M
+25.3%
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 Falcon Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falcon Heights 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)
$2,950,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,390,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$4,730,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,700,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$3,515,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$3,285,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$3.27M
Range $2.94M – $3.59M · ±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
$102 / 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
$294,404
Tax year 2023
Assessed value
$17,780,600
Assessed 2023
Previous assessed
$17,780,600
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$2,880,000
Assessed improvement
$14,900,600
Land market value
$2,880,000
Improvement market value
$14,900,600
Total market value
$17,780,600
Applied tax rate
623.0000
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
1968
Construction
WOOD FRAME
Heating
STEAM
Buildings
2
Units
36
Total area
32,109 SF
Lot
4.83 ac (210,395 SF)
Zoning code
D
APN
21-29-23-12-0008
UPID
US46-1010144
Jurisdiction
RAMSEY
Zoning & alternative use
D · Falcon Heights, MN
Zoning D · permitted uses
D · Falcon Heights, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Falcon Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Construction
WOOD FRAME
Heating
STEAM
Buildings
2
Units
36
Lot
4.83 ac
Current owner
From public records · entity-resolved
Sidal Realty Co LP Lllp
Entity
Free & Clear · 14 yrs held
Mailing address
844 GRAND AVE STE #4, SAINT PAUL, MN 55105-3396
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2017
—
Sidal Realty Co LP Lllp
—
Deed
related
$3,000,000 · Wells Fargo Bk
Jun 12, 2012
$500
Sidal Realty Co LP Lllp
Sidal Larpenteur Manor LLC
Quit Claim Deed
related
—
Aug 6, 2002
—
Sidal Larpenteur Manor LLC
Sidal Realty Co LP
Quit Claim Deed
related
$4,500,000 · Column Financial INC
—
—
Sidal Realty Co LP Lllp
—
Deed Of Trust
related
$9,718,357 · Wells Fargo Bank
—
—
Sidal Realty Co LP Lllp
—
Deed Of Trust
related
$9,718,357 · Wells Fargo Bank
—
—
Sidal Realty Co LP Lllp
—
Deed Of Trust
related
$3,000,000 · Wells Fargo Bk
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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