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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Medical Office Space
2688 Maplewood N Dr Maplewood, MN 55109-1021
Individually Owned
20-yr Hold
Free & Clear
Property ID
US46-0327038
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2006
Construction
WOOD FRAME
Total area
7,008 SF
Lot
1.61 ac (70,306 SF)
Zoning code
Q
APN
04-29-22-44-0047
UPID
US46-0327038
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
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Regions Hospital · 20 yrs held
Regions Hospital
since 2005
5 recorded transactions
Zoning & alternative use
Q · Maplewood, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+43.3%
Auto repair, garage
$1.4M
+37.6%
Neighborhood: shopping center
$1.2M
+13.9%
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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
MEDICAL BUILDING
$1,030,000
Current use
RESTAURANT
$1,480,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,420,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,175,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$131 / 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
$21,734
Tax year 2023
Assessed value
$1,886,000
Assessed 2023
Previous assessed
$1,953,600
-3.5% YoY
Effective rate
1.15%
On assessed value
Assessed land
$492,200
Assessed improvement
$1,393,800
Land market value
$492,200
Improvement market value
$1,393,800
Total market value
$1,886,000
Applied tax rate
622.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
7,008 SF
Lot
1.61 ac (70,306 SF)
Zoning code
Q
APN
04-29-22-44-0047
UPID
US46-0327038
Jurisdiction
RAMSEY
Zoning & alternative use
Q · Maplewood, MN
Zoning Q · permitted uses
Q · Maplewood, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maplewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
1.61 ac
Current owner
From public records · entity-resolved
Regions Hospital
Individual
Free & Clear · 20 yrs held
Mailing address
PO BOX 16115, ST LOUIS PARK, MN 55416
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2005
$540,000
Regions Hospital
Warner Holdings INC
Warranty Deed
—
Oct 30, 2002
$195,000
Warner Holdings INC
D & R Development Co
Grant Deed
related
$200,000 · Us Bank NA
—
—
Warner Holdings INC
—
Deed Of Trust
related
$200,000 · Us Bank NA
—
—
Warner Holding INC
—
Deed Of Trust
related
$118,750 · Community National Bank
—
—
Warner Holding INC
—
Deed Of Trust
related
$118,750 · Community National Bank
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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