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Property profile & analytics
OFF-MARKET
Estimated value
$11,705,000
Medical Office Space
2200 University W Ave, Saint Paul, MN 55114-1839
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0437172
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Total area
153,436 SF
Lot
5.69 ac (247,856 SF)
Zoning code
R
APN
32-29-23-11-0052
UPID
US46-0437172
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.08M
Blend (final)
Blend
$11.71M
Owner & transaction history
Essjay Crossings LLC · 7 yrs held
Essjay Crossings LLC
since 2019
6 recorded transactions
Zoning & alternative use
R · Saint Paul, MN
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.71M
Range $10.53M – $12.88M · ±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
$76 / 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
$492,448
Tax year 2023
Assessed value
$14,008,000
Assessed 2023
Previous assessed
$13,600,000
+3.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$7,436,000
Assessed improvement
$6,572,000
Land market value
$7,436,000
Improvement market value
$6,572,000
Total market value
$14,008,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Heating
STEAM
Buildings
3
Total area
153,436 SF
Lot
5.69 ac (247,856 SF)
Zoning code
R
APN
32-29-23-11-0052
UPID
US46-0437172
Jurisdiction
RAMSEY
Zoning & alternative use
R · Saint Paul, MN
Zoning R · permitted uses
R · 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.
Building & site characteristics
From public records
Year built
1989
Heating
STEAM
Buildings
3
Lot
5.69 ac
Current owner
From public records · entity-resolved
Essjay Crossings LLC
Entity
Mailing address
5201 EDEN AVE STE #50, EDINA, MN 55436-2316
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
—
Cpig University LLC
—
Deed
related
$11,840,000 · Wings Financial Cu
Dec 7, 2020
—
Essjay Crossings LLC
—
Deed Of Trust
related
$350,000 · Bremer Bk Nat'l Assn
May 8, 2019
$12,500,000
Essjay Crossings LLC
University Crossing Prop Owner
Warranty Deed
$10,000,000 · Bremer Bk Nat'l Assn
May 8, 2014
$11,000,000
University Crossing Property O
Hines Reit Minneapolis Industr
Trustees Deed
$45,344,000 · Starwood Prop Mtg
May 6, 1998
$5,700,000
Duke Realty Limited Partnershi
Hei Development INC
Grant Deed
—
—
—
Reit Minneapolis Indl L Hines
—
Deed Of Trust
related
$45,000,000 · Metropolitan Life Insurance
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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