New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Office buildings
1950 Northwestern S Ave, Stillwater, MN 55082-7590
Entity Owned
10-yr Hold
Free & Clear
Property ID
US46-0457791
Property summary
AI-generated overview
This exceptional 821-square-foot office space is located at 1950 Northwestern Avenue, Suite 103B, in Stillwater, Minnesota, 55082. Situated in a single-story, Class B professional office building constructed in 1998, this unit offers a traditional office layout perfect for a variety of businesses. The building boasts a high-profile location with excellent visibility due to its frontage on Northwestern Avenue and a cross street, W Frontage Road, within Washington County. The property features ample windows, providing abundant natural light, and is complemented by beautifully landscaped grounds. The well-maintained building also offers highly visible signage opportunities, enhancing the potential for business exposure. This is a single-space tenancy within a multi-tenant building, offering a convenient and professional work environment. The total building square footage is not currently available. This location provides easy access to local amenities and transportation routes. The property is ideal for businesses seeking a well-maintained, highly visible office space in a desirable Stillwater location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
8,813 SF
Lot
0.2 ac (8,821 SF)
APN
32-030-20-43-0029
UPID
US46-0457791
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
Current use
Occupant on record · Public records
-
Stokes Sean P Law Firm
-
Metro East Commercial Real Estate Services Inc. Real Estate Agency
-
Dr. Glenn R. Buttermann, MD Physician
-
The Therapy Center Physician
-
EFS Advisors: The Stillwater Group Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.04M
Owner & transaction history
Metro East Holdings LLC · 10 yrs held
Metro East Holdings LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.6M
+17.3%
Commercial (general)
$1.6M
+16.3%
Retail stores
$1.5M
+15.1%
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 Stillwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stillwater 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
OFFICE BUILDING
$1,335,000
Current use
WAREHOUSE, STORAGE
$1,565,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,550,000
Change: +16% · Conversion: Easy
RETAIL STORES
$1,535,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$118 / 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
$25,456
Tax year 2023
Assessed value
$906,100
Assessed 2022
Previous assessed
$906,100
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$197,600
Assessed improvement
$708,500
Land market value
$197,600
Improvement market value
$708,500
Total market value
$906,100
Applied tax rate
7,603.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
1
Total area
8,813 SF
Lot
0.2 ac (8,821 SF)
APN
32-030-20-43-0029
UPID
US46-0457791
Jurisdiction
WASHINGTON
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
OFFICE BUILDING Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1999
Heating
NONE
Buildings
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Metro East Holdings LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 128, STILLWATER, MN 55082-0128
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2018
—
Metro East Holdings LLC
—
Deed
related
—
Feb 29, 2016
$850,000
Metro East Holdings LLC
Northwestern Properties LLC
Grant Deed
related
—
—
—
Metro East Holdings LLC
—
Loan Modification
related
—
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?”
You own 1950 Northwestern S Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
