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    Property profile & analytics
    OFF-MARKET Estimated value $3,880,000
    Office buildings

    2446 University W Ave, Saint Paul, MN 55114-0001

    46,723 SF 1.6 ac lot Built 1929
    Individually Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US46-0730442
    Property summary
    AI-generated overview

    This exceptional Saint Paul office property at 2446 University Avenue West offers a variety of flexible spaces ideal for businesses seeking executive or creative office environments. The building totals 46,723 square feet, with multiple tenancy options available. Currently, there are 12,071 contiguous square feet immediately available for lease, perfect for a larger tenant seeking a significant presence. However, the property also accommodates smaller businesses, with a minimum leasable space of 5,712 square feet. This allows for scalability and adaptability to suit various organizational needs and growth trajectories. The building's location in Ramsey County, Minnesota, provides easy access to major transportation routes and amenities, enhancing convenience and accessibility for employees and clients alike. Ample parking is provided on-site, eliminating the common parking challenges associated with urban office spaces. The property is classified as both Executive and Creative Office space, suggesting a modern and adaptable design suitable for a range of professional settings. This prime location in Saint Paul, Minnesota, zip code 55114, presents a unique opportunity for businesses seeking a high-quality, well-located office space. Contact us today to learn more about leasing options and explore the possibilities this property offers.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1929
    Total area 46,723 SF
    Lot 1.6 ac (69,565 SF)
    APN 29-29-23-34-0081
    UPID US46-0730442
    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
    $5.03M
    Blend (final) Blend
    $3.88M
    Owner & transaction history
    Royalgate Apts · 19 yrs held
    Royalgate Apts
    since 2006
    7 recorded transactions
    2020
    2019
    2019
    2011
    2006
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $5.4M +5.2%
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