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    Property profile & analytics

    2216 3rd St White Bear Lake, MN 55110-3211

    • Investment properties
    • 2,768 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Location Intelligence
    Property ID
    US46-0979329
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • PLNT BSD / Restaurant
    • Orso Bianco Gelato / Ice Cream Shop

    Property Details for 2216 3rd St

    Year built
    1938
    Construction
    WOOD FRAME
    Lot size
    0.13 lot acres
    Property size
    2,768 SF
    Zone code
    C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    14-30-22-41-0092
    APU
    143022410092

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $260,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $270,000
      Retail
      $260,000
      Mixed-Use
      $260,000
      Hospitality
      $235,000
      Educational
      $275,000
      Residential Income
      $230,000
      Energy
      $245,000
      Income-Based Land
      $245,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    White Bear Lake
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.0072
    Latitude
    45.084
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,492
    $142,500
    $139,100
    $281,600
    -
    $142,500
    $139,100
    $281,600

    Comparable in this City

    • Value Estimation by Request
      4,620 SF

      2208 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,620 SF
      2208 3rd St, White Bear Lake, MN 55110-3213
      View Details
    • Value Estimation
      $380,000
      3,828 SF

      4748 Washington Sq

      OFFICE/RESIDENTIAL (MIXED USE) • 3,828 SF
      4748 Washington Sq, White Bear Lake, MN 55110-3512
      View Details
    • Value Estimation
      $515,000
      3,610 SF

      1840 County Rd F E F

      OFFICE/RESIDENTIAL (MIXED USE) • 3,610 SF
      1840 County Rd F E F, White Bear Lake, MN 55110-3840
      View Details
    • Value Estimation by Request
      12,654 SF

      2195 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,654 SF
      2195 4th St, White Bear Lake, MN 55110
      View Details
    • Value Estimation by Request
      6,786 SF

      4734 Washington Sq

      OFFICE/RESIDENTIAL (MIXED USE) • 6,786 SF
      4734 Washington Sq, White Bear Lake, MN 55110-3257
      View Details
    • Value Estimation by Request
      1,630 SF

      4150 Hoffman Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,630 SF
      4150 Hoffman Rd, White Bear Lake, MN 55110-3708
      View Details

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      View Details
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    2216 3rd St
    White Bear Lake, MN 55110-3211
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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