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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Residential income homes
184 Saratoga N St, Saint Paul, MN 55104-6334
Entity Owned
9-yr Hold
Property ID
US46-0952395
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1917
Construction
WOOD FRAME
Total area
5,088 SF
Lot
0.09 ac (3,920 SF)
Zoning code
H
APN
03-28-23-22-0036
UPID
US46-0952395
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
$563k
Blend (final)
Blend
$530k
Owner & transaction history
184 Saratoga LLC · 9 yrs held
184 Saratoga LLC
since 2016
5 recorded transactions
Zoning & alternative use
H · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$855,000
+68.9%
Medical building
$750,000
+48.3%
Warehouse, storage
$585,000
+16.0%
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)
$505,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: +69% · Conversion: Difficult
MEDICAL BUILDING
$750,000
Change: +48% · Conversion: Moderate
WAREHOUSE, STORAGE
$585,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$555,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$520,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$104 / 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
$14,380
Tax year 2023
Assessed value
$725,500
Assessed 2023
Previous assessed
$725,500
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$80,000
Assessed improvement
$645,500
Land market value
$80,000
Improvement market value
$645,500
Total market value
$725,500
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1917
Construction
WOOD FRAME
Heating
YES
Cooling
NONE
Units
4
Total area
5,088 SF
Lot
0.09 ac (3,920 SF)
Zoning code
H
APN
03-28-23-22-0036
UPID
US46-0952395
Jurisdiction
RAMSEY
Zoning & alternative use
H · Saint Paul, MN
Zoning H · permitted uses
H · 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
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
MEDICAL BUILDING
Est. value
$750,000
WAREHOUSE, STORAGE
Est. value
$585,000
OFFICE BUILDING
Est. value
$555,000
RETAIL STORES
Est. value
$520,000
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
1917
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Units
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
184 Saratoga LLC
Entity
Mailing address
PO BOX 15003, MINNEAPOLIS, MN 55415
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2016
$535,758
184 Saratoga LLC
The Syndicate Group LLC
Warranty Deed
$364,000 · Anchor Bank NA
Jun 17, 1999
$135,000
Ackerman,timothy N
Peterson,paul C & Julie A
Trustees Deed
$108,000 · Prime Mortgage Corp
Jun 17, 1999
$89,000
Peterson,paul C & Julie A
Bartels,john R & Sharon A
Trustees Deed
—
—
—
Syndicate Group LLC
—
Deed Of Trust
related
$262,000 · Ryan B Paddock
—
—
184 Saratoga LLC
—
Loan Modification
related
$364,000 · Old Nat'l 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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