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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Medical Office Space
221 4th St Duluth, MN 55806-2719
Individually Owned
11-yr Hold
Free & Clear
Property ID
US46-0796349
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
30,412 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R4
APN
010-1270-04580
UPID
US46-0796349
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
-
Center for American Indian Resources Public Health Department
-
Gregory Ash Alternative Medicine Practice
-
Center For American Indian Resources Pharmacy Pharmacy
-
Jaime Milbridge-Scott Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Fond Du Lac Band Of Lake Superior · 11 yrs held
Fond Du Lac Band Of Lake Superior
since 2015
5 recorded transactions
Zoning & alternative use
R4 · Duluth, 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 Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth 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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$900,000
Current use
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$29 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,034
Tax year 2024
Assessed value
$3,782,000
Assessed 2022
Previous assessed
$3,777,900
+0.1% YoY
Effective rate
0.03%
On assessed value
Assessed land
$150,400
Assessed improvement
$3,631,600
Land market value
$150,400
Improvement market value
$3,631,600
Total market value
$3,782,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
6
Total area
30,412 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R4
APN
010-1270-04580
UPID
US46-0796349
Jurisdiction
ST LOUIS
Zoning & alternative use
R4 · Duluth, MN
Zoning R4 · permitted uses
R4 · Duluth, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$900,000
MEDICAL BUILDING Current
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
2015
Heating
YES
Cooling
Yes
Stories
2
Units
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
Fond Du Lac Band Of Lake Superior
Individual
Free & Clear · 11 yrs held
Mailing address
1720 BIG LK RD, CLOQUET, MN 55720-9702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
May 19, 2015
$499,000
Fond Du Lac Band Of Lake Superior
Miketin Anton & Jill R
Warranty Deed
—
Jan 19, 2012
$100,000
Fond Du Lac Band Of Lake Superior
Sola,dale D & Elizabeth M
Warranty Deed
—
—
—
Anton Miketin
—
Deed Of Trust
related
$18,110 · Republic Bank
—
—
Anton Miketin
—
Deed Of Trust
related
$72,791 · Republic Bank
—
—
Anton Miketin
—
Deed Of Trust
related
$75,000 · Republic 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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