New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,640,000
Community centers
2401 7th W St, Saint Paul, MN 55116-2839
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0741597
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1955
Total area
95,953 SF
Lot
7.46 ac (324,958 SF)
Zoning code
L
APN
21-28-23-11-0016
UPID
US46-0741597
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
-
Gethsemane Park Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.64M
Owner & transaction history
David L Neyer · 17 yrs held
David L Neyer
since 2009
7 recorded transactions
Zoning & alternative use
L · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$69 / 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
$321,372
Tax year 2023
Assessed value
$10,368,000
Assessed 2023
Previous assessed
$8,657,800
+19.8% YoY
Effective rate
3.10%
On assessed value
Assessed land
$4,874,500
Assessed improvement
$5,493,500
Land market value
$4,874,500
Improvement market value
$5,493,500
Total market value
$10,368,000
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 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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1955
Heating
STEAM
Buildings
3
Total area
95,953 SF
Lot
7.46 ac (324,958 SF)
Zoning code
L
APN
21-28-23-11-0016
UPID
US46-0741597
Jurisdiction
RAMSEY
Zoning & alternative use
L · Saint Paul, MN
Zoning L · permitted uses
L · 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
1955
Heating
STEAM
Buildings
3
Lot
7.46 ac
Current owner
From public records · entity-resolved
David L Neyer
Individual
Mailing address
2227 UNIVERSITY AVE W STE #400, SAINT PAUL, MN 55114-7408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2019
—
Sibley Plaza Ltd Partners LLC
—
Deed
related
$8,025,000 · Minnesota Bk & Tr
Oct 26, 2017
—
Sibley Plaza Ltd Partners LLC
—
Deed
related
$3,125,000 · Signature Bk
Mar 22, 2017
—
Sibley Plaza LP LLC
—
Deed
related
$2,861,635 · Bmo Harris Bk NA
Oct 24, 2016
—
Sibley Plaza Limited Ptrs LLC
—
Deed
related
$3,000,000 · Bmo Harris Bk NA
Jul 12, 2016
—
Sibley Plaza Limited Partners
—
Deed
related
$2,999,900 · Bmo Harris Bk NA
May 17, 2013
—
Sibley Plaza Ltd Partners LP
—
Loan Modification
related
$3,000,000 · Bmo Harris Bank
Feb 19, 2013
—
Sibley Plaza Ltd Partners LP
—
Loan Modification
related
$3,000,000 · Bmo Harris Bank
Jun 1, 2009
$13,650
David L Neyer
Lasalle Bk
Grant Deed
—
May 4, 2009
—
Sibley Plaza Ltd Ptrs
—
Deed Of Trust
related
$3,000,000 · M&i Marshall & Ilsley Bk
—
—
Sibley Plaza Ltd Partners LLC
—
Deed Of Trust
related
$8,025,000 · Minnesota Bk & Tr
—
—
Sibley Plaza Ltd Partners LP
—
Loan Modification
related
$3,000,000 · Bmo Harris Bk NA
—
—
Sibley Plaza LP LLC
—
Loan Modification
related
$3,000,000 · Bmo Harris Bk NA
—
—
Sibley Plaza LP LLC
—
Loan Modification
related
$3,000,000 · Bmo Harris Bk NA
—
—
Sibley Plaza Limited Partners
—
Loan Modification
related
$2,999,900 · Bmo Harris Bk NA
—
—
Sibley Plaza LP Partners LLC
—
Loan Modification
related
$3,000,000 · Bmo Harris Bk NA
—
—
Sibley Plaza LP LLC
—
Loan Modification
related
$2,861,635 · Bmo Harris Bk NA
—
—
Sibley Plaza Limited Ptrs LLC
—
Loan Modification
related
$3,000,000 · Bmo Harris Bk NA
—
—
Sibley Plaza Ltd Partners LLC
—
Deed Of Trust
related
$3,125,000 · Signature Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2401 7th W St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
