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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Office buildings
2400 Prior N Ave, Roseville, MN 55113-2711
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0357103
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
9,968 SF
Lot
1.49 ac (65,122 SF)
Zoning code
N
APN
09-29-23-31-0007
UPID
US46-0357103
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.08M
Owner & transaction history
W & T Properties LLC · 6 yrs held
W & T Properties LLC
since 2020
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
N · Roseville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+53.3%
Medical building
$1.5M
+34.6%
Warehouse, storage
$1.2M
+5.2%
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 Roseville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roseville 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
$965,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,090,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,675,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$1,470,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$1,150,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$1,020,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$915,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.08M (Feb 18 2020)
Last sale anchor
$1.08M
Feb 18 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
$108 / 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
$30,738
Tax year 2023
Assessed value
$1,211,500
Assessed 2023
Previous assessed
$980,100
+23.6% YoY
Effective rate
2.54%
On assessed value
Assessed land
$781,700
Assessed improvement
$429,800
Land market value
$781,700
Improvement market value
$429,800
Total market value
$1,211,500
Applied tax rate
623.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
STEAM
Buildings
2
Total area
9,968 SF
Lot
1.49 ac (65,122 SF)
Zoning code
N
APN
09-29-23-31-0007
UPID
US46-0357103
Jurisdiction
RAMSEY
Zoning & alternative use
N · Roseville, MN
Zoning N · permitted uses
N · Roseville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roseville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$915,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1974
Heating
STEAM
Buildings
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
W & T Properties LLC
Entity
Mailing address
2400 PRIOR AVE N, ROSEVILLE, MN 55113-2711
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
$1,075,000
W & T Properties LLC
Rsi Property Holdings LLC
Grant Deed
related
—
Feb 18, 2020
$500
Rsi Property Holdings LLC
Rsi Holdings LLC
Quit Claim Deed
related
—
Jul 12, 2002
$800,000
Rsi Holdings LLC
1843 Properties
Grant Deed
related
—
—
—
Rsi Holdings LLC
—
Deed Of Trust
related
$745,000 · Lake Area Bank
—
—
Rsi Holdings LLC
—
Deed Of Trust
related
$15,000 · Heritage National Bank
—
—
Rsi Holdings LLC
—
Deed Of Trust
related
$810,000 · Bank Of The West
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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