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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
261 Ruth N St, Saint Paul, MN 55119-4337
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-3224362
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD FRAME
Total area
10,076 SF
Lot
0.55 ac (23,871 SF)
Zoning code
L
APN
35-29-22-34-0012
UPID
US46-3224362
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
-
CPA Accountant Tax Group Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$821k
Blend (final)
Blend
$685k
Owner & transaction history
Anxixi Properties LLC · 1 yrs held
Anxixi Properties LLC
since 2025
Last sale
$930,000
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
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
OFFICE BUILDING
$1,105,000
Current use
RETAIL STORES
$1,030,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$925,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $930k (Mar 17 2025)
Last sale anchor
$930k
Mar 17 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
$68 / 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
$29,922
Tax year 2023
Assessed value
$801,200
Assessed 2023
Previous assessed
$863,400
-7.2% YoY
Effective rate
3.73%
On assessed value
Assessed land
$238,900
Assessed improvement
$562,300
Land market value
$238,900
Improvement market value
$562,300
Total market value
$801,200
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
STEAM
Buildings
2
Total area
10,076 SF
Lot
0.55 ac (23,871 SF)
Zoning code
L
APN
35-29-22-34-0012
UPID
US46-3224362
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$925,000
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1978
Construction
WOOD FRAME
Heating
STEAM
Buildings
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Anxixi Properties LLC
Entity
Mailing address
261 RUTH ST N, SAINT PAUL, MN 55119-4337
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2025
$930,000
Anxixi Properties LLC
Zoe Properties LLC
Warranty Deed
$744,000 · Metropolitan Economic Development
Jul 23, 2021
—
Zoe Properties LLC
—
Deed
related
$500,000 · Lake Elmo Bank
May 8, 2020
—
Zoe Properties LLC
—
Deed Of Trust
related
$50,000 · Bridgewater Bk
Mar 17, 2017
—
Zoe Properties LLC
—
Deed
related
—
Nov 7, 2003
$640,000
Fairrow & Associates LLC
Minnhealth Family Physicians
Grant Deed
$500,000 · Us Bank NA
—
—
Minnhealth Family Physicians
—
Deed Of Trust
related
$371,021 · Us Bank
—
—
Zoe Properties LLC
—
Deed Of Trust
related
$188,000 · Drake Bk
—
—
Zoe Properties LLC
—
Loan Modification
related
—
—
—
Zoe Properties LLC
—
Deed Of Trust
related
$450,000 · Bridgewater 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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