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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Warehouses
188 Plato W Blvd, Saint Paul, MN 55107-2021
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0793857
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
WOOD FRAME
Total area
23,000 SF
Lot
0.92 ac (40,032 SF)
Zoning code
R
APN
06-28-22-43-0026
UPID
US46-0793857
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Forging A Sustainable Future LLC · 3 yrs held
Forging A Sustainable Future LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$955,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.33M (Nov 7 2022)
Last sale anchor
$1.33M
Nov 7 2022
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
$50 / 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
$38,134
Tax year 2023
Assessed value
$1,348,000
Assessed 2023
Previous assessed
$1,145,000
+17.7% YoY
Effective rate
2.83%
On assessed value
Assessed land
$200,300
Assessed improvement
$1,147,700
Land market value
$200,300
Improvement market value
$1,147,700
Total market value
$1,348,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
WOOD FRAME
Heating
HOT WATER
Buildings
3
Total area
23,000 SF
Lot
0.92 ac (40,032 SF)
Zoning code
R
APN
06-28-22-43-0026
UPID
US46-0793857
Jurisdiction
RAMSEY
Zoning & alternative use
R · Saint Paul, MN
Zoning R · permitted uses
R · 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.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD FRAME
Heating
HOT WATER
Buildings
3
Lot
0.92 ac
Current owner
From public records · entity-resolved
Forging A Sustainable Future LLC
Entity
Mailing address
185 PLATO BLVD W, SAINT PAUL, MN 55107-2007
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Forging A Sustainable Future LLC
—
Deed
related
$1,000,000 · Sunrise Bank
Dec 20, 2024
—
Forging A Sustainable Future LLC
—
Deed
related
$1,000,000 · Sunrise Banks NA
Nov 7, 2022
$1,325,000
Forging A Sustainable Future LLC
188 Plato LLC
Warranty Deed
$1,060,000 · Sunrise Bank
Oct 4, 2017
—
188 Plato LLC
—
Deed
related
$250,000 · Drake Bank
Aug 16, 2016
—
188 Plato LLC
James Rutzick Family LP
Quit Claim Deed
related
—
Jul 27, 2016
—
188 Plato LLC
James Rutzick Family LP
Quit Claim Deed
related
$2,000,000 · Tcf Nat'l Bk
Feb 2, 2012
—
Rutzick Properties LLC
—
Deed Of Trust
related
$2,000,000 · Tcf National Bank
Sep 14, 1999
$600,000
Rutzick Properties LLC
Froistad,thomas L & Claudia M
Grant Deed
$470,000 · Dakota Bank & Trust
—
—
Rutzick Properties LLC
—
Deed Of Trust
related
$470,000 · Dakota Bank
—
—
Rutzick Properties LLC
—
Deed Of Trust
related
$2,000,000 · Tcf Nat'l Bk/wi
—
—
188 Plato LLC
—
Loan Modification
related
$2,000,000 · Tcf Nat'l Bk
—
—
188 Plato LLC
—
Deed Of Trust
related
$250,000 · Drake 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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