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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Warehouses
2490 Territorial Rd Saint Paul, MN 55114-1524
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0756406
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1948
Total area
20,046 SF
Lot
0.48 ac (20,865 SF)
Zoning code
Q
APN
29-29-23-31-0081
UPID
US46-0756406
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
$1.71M
Blend (final)
Blend
$1.59M
Owner & transaction history
Malvern House LLC · 8 yrs held
Malvern House LLC
since 2017
7 recorded transactions
Zoning & alternative use
Q · 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
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
WAREHOUSE, STORAGE
$2,310,000
Current use
OFFICE BUILDING
$2,195,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$2,050,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±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
$34,188
Tax year 2023
Assessed value
$1,233,000
Assessed 2023
Previous assessed
$1,022,400
+20.6% YoY
Effective rate
2.77%
On assessed value
Assessed land
$501,300
Assessed improvement
$731,700
Land market value
$501,300
Improvement market value
$731,700
Total market value
$1,233,000
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 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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1948
Heating
YES
Cooling
CENTRAL
Total area
20,046 SF
Lot
0.48 ac (20,865 SF)
Zoning code
Q
APN
29-29-23-31-0081
UPID
US46-0756406
Jurisdiction
RAMSEY
Zoning & alternative use
Q · Saint Paul, MN
Zoning Q · permitted uses
Q · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
1948
Heating
YES
Cooling
Yes
Lot
0.48 ac
Current owner
From public records · entity-resolved
Malvern House LLC
Entity
Free & Clear · 8 yrs held
Mailing address
8000 HUB PKWY, CLEVELAND, OH 44125-5731
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2020
—
Rusty Ruins LLC
—
Deed
related
$429,439 · Wells Fargo Bk
Oct 5, 2017
$202,500
Malvern House LLC
Ryan,stephen J
Warranty Deed
—
Sep 11, 2017
$202,500
Malvern House LLC
Ryan,stephen J
Warranty Deed
—
Jan 9, 2017
—
Rusty Ruins LLC
—
Deed
related
$73,000 · Wells Fargo Bk
Feb 7, 2003
$661,455
Rusty Ruins LLC
Gopher Bearing Co
Quit Claim Deed
related
—
—
—
Rusty Ruins LLC
—
Loan Modification
related
$44,285 · Sunrise Bank
—
—
Rusty Ruins LLC
—
Deed Of Trust
related
$73,000 · Wells Fargo Bk
—
—
Gopher Bearing Co
—
Deed Of Trust
related
$525,000 · St Anthony Park State Bank
—
—
Rusty Ruins LLC
—
Deed Of Trust
related
$429,439 · 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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