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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Motels
2144 University W Ave Saint Paul, MN 55114-1820
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-1030858
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1915
Construction
WOOD FRAME
Total area
7,950 SF
Lot
0.37 ac (16,117 SF)
APN
32-29-23-11-0058
UPID
US46-1030858
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
$1.16M
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Jerome Properties INC · 5 yrs held
Jerome Properties INC
since 2020
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$680,000
+634.0%
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
$1,045,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,055,000
7%
$980,000
Alternative Use
Use
Estimation
RESTAURANT
$680,000
Change: +634% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $1.08M (Dec 14 2020)
Last sale anchor
$1.08M
Dec 14 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
$136 / 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
$29,766
Tax year 2023
Assessed value
$953,000
Assessed 2023
Previous assessed
$897,500
+6.2% YoY
Effective rate
3.12%
On assessed value
Assessed land
$537,500
Assessed improvement
$415,500
Land market value
$537,500
Improvement market value
$415,500
Total market value
$953,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1915
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Units
35
Total area
7,950 SF
Lot
0.37 ac (16,117 SF)
APN
32-29-23-11-0058
UPID
US46-1030858
Jurisdiction
RAMSEY
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
RESTAURANT
Est. value
$680,000
RESTAURANT
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
1915
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Units
35
Lot
0.37 ac
Current owner
From public records · entity-resolved
Jerome Properties INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 7028, MINNEAPOLIS, MN 55407-0028
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
$1,084,500
Jerome Properties INC
Supreme Management LLC
Warranty Deed
—
Jun 29, 2017
—
Supreme Management LLC
—
Deed
related
$398,748 · Sunrise Bk
Jul 6, 2016
$500,000
Supreme Management LLC
Goldberg,irene & James Y
Warranty Deed
$375,000 · Sunrise Bk
Oct 2, 2009
$500,000
Supreme Management LLC
Goldberg,james Y & Irene
Dual Purpose Document
$500,000 · No Lender On Document
—
—
Supreme Management LLC
—
Loan Modification
related
$398,748 · Sunrise 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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