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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Strip malls
2600 Rice St, Little Canada, MN 55113-3712
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0084949
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
14,966 SF
Lot
3.09 ac (134,600 SF)
APN
07-29-22-22-0097
UPID
US46-0084949
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
$2.69M
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$3.49M
Blend (final)
Blend
$2.69M
Owner & transaction history
2600 Rice St Cre Partners LLC · 1 yrs held
2600 Rice St Cre Partners LLC
since 2025
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+25.8%
Auto repair, garage
$3.0M
+20.8%
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 Little Canada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Canada 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
$2,630,000
ML approach
$2,685,000
CAP Approach
CAP Return
Estimation
6%
$2,205,000
6.5%
$2,035,000
7%
$1,890,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,510,000
Current use
RESTAURANT
$3,160,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,035,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$2,205,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $3.05M (Mar 10 2025)
Last sale anchor
$3.05M
Mar 10 2025
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
$180 / 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
$104,144
Tax year 2023
Assessed value
$3,476,200
Assessed 2023
Previous assessed
$3,310,000
+5.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$696,600
Assessed improvement
$2,779,600
Land market value
$696,600
Improvement market value
$2,779,600
Total market value
$3,476,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
HOT WATER
Buildings
3
Total area
14,966 SF
Lot
3.09 ac (134,600 SF)
APN
07-29-22-22-0097
UPID
US46-0084949
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2000
Heating
HOT WATER
Buildings
3
Lot
3.09 ac
Current owner
From public records · entity-resolved
2600 Rice St Cre Partners LLC
Entity
Mailing address
2600 RICE ST, SAINT PAUL, MN 55113-3712
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
$3,054,000
2600 Rice St Cre Partners LLC
Vrm Properties LLC
Deed
$2,551,500 · North Star Bank
Mar 10, 2025
—
Jin Assets LLC
Vrm Properties LLC
Deed
—
Apr 19, 2017
$2,850,000
Vrm Properties LLC
Little Canada North LLC
Warranty Deed
$1,451,500 · Sunrise Bk
Apr 19, 2017
$2,936,363
Vrm Properties LLC
Little Canada North LLC
Warranty Deed
$1,451,500 · Sunrise Bank
Feb 11, 2011
—
Little Canada North LLC
—
Trustees Deed
related
$205,000 · Central Bank & Trust
Jun 28, 2007
—
Little Canada North LLC
Park Avenue LLC
Quit Claim Deed
related
—
—
—
Little Canada North LLC
—
Deed Of Trust
related
$1,053,750 · Central Bank & Trust
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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