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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Gas stations
206 Wabasha S St, Saint Paul, MN 55107-1804
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0718905
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1952
Total area
8,350 SF
Lot
0.66 ac (28,793 SF)
Zoning code
Q
APN
06-28-22-44-0003
UPID
US46-0718905
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
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$629k
Blend (final)
Blend
$795k
Owner & transaction history
Wabasha Investment LLC · 1 yrs held
Wabasha Investment LLC
since 2025
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
Q · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+9.8%
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
$775,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$1,120,000
Current use
MEDICAL BUILDING
$1,230,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$960,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $900k (Mar 11 2025)
Last sale anchor
$900k
Mar 11 2025
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
$95 / 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
$25,026
Tax year 2023
Assessed value
$601,600
Assessed 2023
Previous assessed
$731,100
-17.7% YoY
Effective rate
4.16%
On assessed value
Assessed land
$201,600
Assessed improvement
$400,000
Land market value
$201,600
Improvement market value
$400,000
Total market value
$601,600
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1952
Heating
STEAM
Buildings
3
Total area
8,350 SF
Lot
0.66 ac (28,793 SF)
Zoning code
Q
APN
06-28-22-44-0003
UPID
US46-0718905
Jurisdiction
RAMSEY
Zoning & alternative use
Q · Saint Paul, MN
Zoning Q · permitted uses
Q · 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
SERVICE STATION (FULL SERVICE) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$960,000
OFFICE BUILDING
Est. value
$915,000
SERVICE STATION (FULL SERVICE) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1952
Heating
STEAM
Buildings
3
Lot
0.66 ac
Current owner
From public records · entity-resolved
Wabasha Investment LLC
Entity
Mailing address
206 WABASHA ST S STE E, SAINT PAUL, MN 55107-1804
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 11, 2025
$900,000
Wabasha Investment LLC
Cat LLC
Warranty Deed
$750,000 · American National Bank & Trust
May 22, 2024
—
Cat LLC
Weinhagen Properties LLC
Correction Deed
related
—
Jan 10, 2022
$525,000
Cat LLC
Weinhagen Properties LLC
Warranty Deed
—
Jul 28, 2004
—
Weinhagen Properties LLC
Weinhagen Tire
Quit Claim Deed
related
$260,000 · Crown Bank
—
—
Weinhagen Properties LLC
—
Deed Of Trust
related
$300,000 · Crown 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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