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Property profile & analytics
OFF-MARKET
Estimated value
$6,410,000
Grocery and convenience stores
2390 White Bear N Ave, Maplewood, MN 55109-2273
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0548270
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Total area
80,636 SF
Lot
10.25 ac (446,403 SF)
Zoning code
N
APN
11-29-22-24-0024
UPID
US46-0548270
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
$6.99M
Blend (final)
Blend
$6.41M
Owner & transaction history
Maplewood East 1996 LLC · 8 yrs held
Maplewood East 1996 LLC
since 2018
3 recorded transactions
Zoning & alternative use
N · Maplewood, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.3M
+12.7%
Office building
$8.8M
+7.1%
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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
RETAIL STORES
$8,245,000
Current use
WAREHOUSE, STORAGE
$9,290,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$8,830,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,415,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$6.41M
Range $5.77M – $7.05M · ±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
$79 / 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
$250,162
Tax year 2023
Assessed value
$7,541,600
Assessed 2023
Previous assessed
$7,367,000
+2.4% YoY
Effective rate
3.32%
On assessed value
Assessed land
$4,464,400
Assessed improvement
$3,077,200
Land market value
$4,464,400
Improvement market value
$3,077,200
Total market value
$7,541,600
Applied tax rate
622.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Heating
STEAM
Buildings
3
Total area
80,636 SF
Lot
10.25 ac (446,403 SF)
Zoning code
N
APN
11-29-22-24-0024
UPID
US46-0548270
Jurisdiction
RAMSEY
Zoning & alternative use
N · Maplewood, MN
Zoning N · permitted uses
N · Maplewood, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maplewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.2M
WAREHOUSE, STORAGE
Est. value
$9.3M
OFFICE BUILDING
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
RETAIL STORES Current
WAREHOUSE, STORAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1995
Heating
STEAM
Buildings
3
Lot
10.25 ac
Current owner
From public records · entity-resolved
Maplewood East 1996 LLC
Entity
Mailing address
PO BOX 990, MINNEAPOLIS, MN 55440
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2018
—
Maplewood East 1996 LLC
—
Grant Deed
related
$2,000,000 · Goldman Sachs Bk USA
Jan 9, 2018
—
Marjon Terrace INC
—
Deed
related
$220,000 · Premier Bk/mn
—
—
Marjon Terrace INC
—
Loan Modification
related
$220,000 · Premier Bk/mn
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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