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Property profile & analytics
OFF-MARKET
Estimated value
$10,685,000
Showrooms
290 Bridgepoint Dr, South Saint Paul, MN 55075-2469
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US46-0561500
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2012
Total area
130,171 SF
Lot
10.22 ac (445,183 SF)
APN
36-15040-01-010
UPID
US46-0561500
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
-
BW Systems, Inc. Electrical Engineer
-
Gerhard's Kitchen, Bath & Lighting Store Building Supply Hardware & Home Improvement
-
First Supply Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.84M
Blend (final)
Blend
$10.69M
Owner & transaction history
Bridgepoint Busn Center I LLC · 14 yrs held
Bridgepoint Busn Center I LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.5M
+6.5%
Apartment house (5+ units)
$11.1M
+2.7%
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 South Saint Paul submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
COMMERCIAL (GENERAL)
$10,815,000
Current use
OFFICE BUILDING
$11,525,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,105,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$10.69M
Range $9.62M – $11.75M · ±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
$82 / 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
$274,832
Tax year 2023
Assessed value
$7,370,700
Assessed 2022
Previous assessed
$6,679,600
+10.3% YoY
Effective rate
3.73%
On assessed value
Assessed land
$1,223,900
Assessed improvement
$6,146,800
Land market value
$1,223,900
Improvement market value
$6,146,800
Total market value
$7,370,700
Applied tax rate
36.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2012
Heating
NONE
Bathrooms
6
Total area
130,171 SF
Lot
10.22 ac (445,183 SF)
APN
36-15040-01-010
UPID
US46-0561500
Jurisdiction
DAKOTA
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
COMMERCIAL (GENERAL) Current
Est. value
$10.8M
OFFICE BUILDING
Est. value
$11.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
2012
Heating
NONE
Bathrooms
6
Lot
10.22 ac
Current owner
From public records · entity-resolved
Bridgepoint Busn Center I LLC
Entity
Mailing address
6390 CARLSON DR, EDEN PRAIRIE, MN 55346-1727
Ownership since
2012
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
Jul 10, 2017
—
Bridgepoint Busn Center I LLC
—
Deed
related
$18,611,243 · Thrivent Fin'l/lutherans
Nov 14, 2016
—
Bridgepoint Busn Center I LLC
—
Deed
related
$13,100,000 · Thrivent Fin'l/lutherans
Feb 15, 2012
$2,300,000
Bridgepoint Busn Center I LLC
St Paul Stockyards LLC
Grant Deed
$6,500,000 · Privatebank & Tr
—
—
Interstate Partners LLC
—
Deed Of Trust
related
$533,172 · Housing & Redev Authority Cty
—
—
Bridgepoint Busn Center I LLC
—
Loan Modification
related
—
—
—
Bridgepoint Busn Center I LLC
—
Deed Of Trust
related
$100,000 · Housing & Redev Authority Cty
—
—
Bridgepoint Busn Center I LLC
—
Loan Modification
related
$13,100,000 · Thrivent Fin'l/lutherans
—
—
Bridgepoint Busn Center I LLC
—
Loan Modification
related
$18,611,243 · Thrivent Fin'l/lutherans
—
—
St Paul Stockyards LLC
—
Deed Of Trust
related
$350,000 · Housing & Redev Authority Cty
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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