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Property profile & analytics
OFF-MARKET
Estimated value
$10,980,000
Apartment buildings
2735 Rice St, Roseville, MN 55113-2267
Entity Owned
11-yr Hold
Free & Clear
Property ID
US46-0587300
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1969
Construction
WOOD FRAME
Total area
114,108 SF
Lot
9.44 ac (411,337 SF)
Zoning code
B
APN
01-29-23-44-0001
UPID
US46-0587300
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.57M
Blend (final)
Blend
$10.98M
Owner & transaction history
Sterling Georgetown LLC · 11 yrs held
Sterling Georgetown LLC
since 2014
3 recorded transactions
Zoning & alternative use
B · Roseville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.8M
+60.2%
Warehouse, storage
$13.1M
+25.3%
Office building
$12.5M
+19.1%
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 Roseville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roseville 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
APARTMENT HOUSE (5+ UNITS)
$10,490,000
Current use
MEDICAL BUILDING
$16,810,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$13,145,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$12,495,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$11,665,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$10.98M
Range $9.88M – $12.08M · ±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
$96 / 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
$373,158
Tax year 2023
Assessed value
$22,286,300
Assessed 2023
Previous assessed
$22,286,300
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$3,600,000
Assessed improvement
$18,686,300
Land market value
$3,600,000
Improvement market value
$18,686,300
Total market value
$22,286,300
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
YES
Buildings
3
Units
90
Total area
114,108 SF
Lot
9.44 ac (411,337 SF)
Zoning code
B
APN
01-29-23-44-0001
UPID
US46-0587300
Jurisdiction
RAMSEY
Zoning & alternative use
B · Roseville, MN
Zoning B · permitted uses
B · Roseville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roseville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$16.8M
WAREHOUSE, STORAGE
Est. value
$13.1M
OFFICE BUILDING
Est. value
$12.5M
RETAIL STORES
Est. value
$11.7M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1969
Construction
WOOD FRAME
Heating
YES
Buildings
3
Units
90
Lot
9.44 ac
Current owner
From public records · entity-resolved
Sterling Georgetown LLC
Entity
Free & Clear · 11 yrs held
Mailing address
4340 18TH AVE S #200, FARGO, ND 58103-4413
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Sterling Georgetown LLC
—
Deed
related
$20,000,000 · Gate City Bank
Dec 23, 2014
$12,850,000
Sterling Georgetown LLC
Maurice Filister Properties LP
Grant Deed
related
—
Nov 25, 2014
—
Harvey Fllister
Filister Maurice M
Grant Deed
related
—
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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