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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Drive through restaurants
244 Grand Ave, Saint Paul, MN 55102-2320
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0189982
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1996
Total area
2,275 SF
Lot
0.83 ac (36,329 SF)
APN
01-28-23-41-0161
UPID
US46-0189982
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
$995k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$1.01M
Owner & transaction history
244 Grand LLC · 4 yrs held
244 Grand LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
$955,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $1.19M (Aug 12 2021)
Last sale anchor
$1.19M
Aug 12 2021
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
$444 / 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
$27,696
Tax year 2023
Assessed value
$955,800
Assessed 2023
Previous assessed
$774,000
+23.5% YoY
Effective rate
2.90%
On assessed value
Assessed land
$327,200
Assessed improvement
$628,600
Land market value
$327,200
Improvement market value
$628,600
Total market value
$955,800
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 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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1996
Heating
STEAM
Buildings
3
Total area
2,275 SF
Lot
0.83 ac (36,329 SF)
APN
01-28-23-41-0161
UPID
US46-0189982
Jurisdiction
RAMSEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Heating
STEAM
Buildings
3
Lot
0.83 ac
Current owner
From public records · entity-resolved
244 Grand LLC
Entity
Mailing address
1960 CLF LK RD STE #129, EAGAN, MN 55122-2476
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
$1,190,000
244 Grand LLC
Spencer Allen R
Warranty Deed
$952,000 · Flagship Bank Minnesota
Nov 27, 2018
—
Saman Re Holdings LLC
—
Loan Modification
related
$1,755,497 · Flagship Bk/mn
Sep 5, 2012
$1,210,000
Allen R Spencer
Russ Family Trust
Warranty Deed
—
Aug 13, 2006
$1,356,800
Russ Wendell M Tr
Cnl Net Lease Fndg 2003 LLC
Warranty Deed
—
Nov 23, 2005
$1,356,900
Russ Family Trust
Cnl Net Lease Funding 2003 LLC
Warranty Deed
—
Aug 11, 2005
$1,081,659
Cnl Net Lease Funding 2003 LLC
Nath Minnesota Property Co LLC
Warranty Deed
related
—
Aug 5, 2004
—
Nath Minnesota Property Co LLC
Nath Property Co
Quit Claim Deed
related
—
Apr 7, 2004
—
Nath Minnesota Property Co LLC
Nath Property Co LP
Quit Claim Deed
related
—
Mar 3, 1998
—
Nath Property Co LP
Nath Property II LP
Quit Claim Deed
related
$38,400,000 · Citicorp Leasing INC Trustee
—
—
Tri City Foods Of Minnesota INC
—
Deed Of Trust
related
$146,000,000 · Wells Fargo 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.
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