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Property profile & analytics
FOR LEASE
Showrooms
205 Hardman Ave S, South St Paul, MN 55075
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0989914
For Lease
1 / 2
$2,945,000
205 Hardman Ave S, South St Paul, MN 55075
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2004
Construction
CONCRETE
Total area
56,910 SF
Lot
4.92 ac (214,315 SF)
APN
36-48843-01-020
UPID
US46-0989914
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
-
Polytek: Endurance Technologies Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$2.95M
Owner & transaction history
205 Hardman Avenue South LLC · 5 yrs held
205 Hardman Avenue South LLC
since 2020
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.9M
+2.7%
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 South St Paul submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South St 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
$3,095,000
ML approach
$3,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,730,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,855,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±10% · vs last sale $2.80M (Aug 11 2020)
Last sale anchor
$2.80M
Aug 11 2020
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
$52 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$106,320
Tax year 2022
Assessed value
$3,242,200
Assessed 2022
Previous assessed
$3,242,200
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$568,900
Assessed improvement
$2,673,300
Land market value
$568,900
Improvement market value
$2,673,300
Total market value
$3,242,200
Applied tax rate
36.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
2004
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
56,910 SF
Lot
4.92 ac (214,315 SF)
APN
36-48843-01-020
UPID
US46-0989914
Jurisdiction
DAKOTA
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
COMMERCIAL (GENERAL) Current
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2004
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
4.92 ac
Current owner
From public records · entity-resolved
205 Hardman Avenue South LLC
Entity
Mailing address
205 HARDMAN AVE S, SOUTH SAINT PAUL, MN 55075-2455
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
—
205 Hardman Avenue South LLC
—
Deed
related
$750,000 · Lake Elmo Bank
Mar 25, 2026
—
205 Hardman Avenue South LLC
—
Deed
related
$750,000 · Lake Elmo Bank
Aug 11, 2020
$2,800,000
205 Hardman Avenue South LLC
Brighton Allston Properties LLC
Limited Warranty Deed
$2,850,000 · Lake Elmo Bank
Oct 10, 2014
$2,675,000
Brighton Allston Props LLC
Hardman Ave Properties LLC
Grant Deed
$2,047,500 · Santander Bk NA
Mar 16, 2009
—
Hardman Ave Properties LLC
—
Deed Of Trust
related
$4,680,000 · Kansas City Life Insurance Co
Dec 16, 2008
$7,200,000
Hardman Ave Properties LLC
Holtkoetter International INC
Grant Deed
—
—
—
Hardman Ave Properties LLC
—
Deed Of Trust
related
$27,369,350 · Associated 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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