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Property profile & analytics
OFF-MARKET
Apartment buildings
201 3rd Ave, Virginia, MN 55792-2455
Entity Owned
2-yr Hold
Property ID
US46-3251700
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1902
Total area
11,495 SF
APN
090-0010-02570
UPID
US46-3251700
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
-
Virginia Government Services Center Government Office
-
St Louis County Offices County Government Office
-
Mesabi Property Management Nursing Home Social Service Agency
-
St Louis County Recorder County Government Office
-
St. Louis County Environmental Services Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The City Of Virginia · 2 yrs held
The City Of Virginia
since 2024
Last sale
$135,000
7 recorded transactions
Zoning & alternative use
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 Virginia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Virginia 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,416
Tax year 2023
Assessed value
$81,400
Assessed 2022
Previous assessed
$81,400
+0.0% YoY
Effective rate
6.65%
On assessed value
Assessed land
$10,300
Assessed improvement
$71,100
Land market value
$10,300
Improvement market value
$71,100
Total market value
$81,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1902
Heating
STEAM
Cooling
NONE
Stories
3
Units
43
Total area
11,495 SF
APN
090-0010-02570
UPID
US46-3251700
Jurisdiction
ST LOUIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1902
Heating
STEAM
Cooling
Yes
Stories
3
Units
43
Current owner
From public records · entity-resolved
The City Of Virginia
Entity
Mailing address
327 1ST ST S, VIRGINIA, MN 55792-2623
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
$135,000
The City Of Virginia
Mesabi Property Management LLC
Warranty Deed
—
Jun 16, 2016
—
Mesabi Property Management LLC
—
Trustees Deed
related
$15,600 · First Nat'l Bk/gilbert
Aug 11, 2011
$185,000
Mesabi Property Management LLC
Gulbranson,ryan
Warranty Deed
—
Dec 29, 2009
$15,000
Ryan N Gulbranson
Garcia,gabriel C & Veronica
Quit Claim Deed
related
—
May 24, 2007
—
Ryan N Gulbranson
Gulbranson,ryan N
Quit Claim Deed
related
—
Apr 10, 2007
—
Ryan N Gulbranson
Garcia,gabriel C & Veronica
Quit Claim Deed
related
$127,500 · Commercial Lending Capital INC
Feb 14, 2007
$183,000
Gabriel C Garcia
Russo,louis J & Marjorie A
Warranty Deed
$108,000 · Lake Superior Investments INC
—
—
Mesabi Property Management LLC
—
Deed Of Trust
related
$205,000 · First National Bank
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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