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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2956 Rice St Little Canada, MN 55113-2231

    • Apartment buildings
    • 4,288 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0107832
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2956 Rice St

    Year built
    1959
    Construction
    FRAME
    Lot size
    0.32 lot acres
    Property size
    4,288 SF
    Zone code
    I
    Property type
    Apartment buildings
    APN
    06-29-22-23-0019
    APU
    62922230019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $172,000
      Market price range: $97.4k - $182k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $395,000
      Current use
      COMMERCIAL (GENERAL)
      $325,000
      Change: -18% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Little Canada
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1056
    Latitude
    45.0304
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,334
    $160,000
    $643,900
    $803,900
    -
    $160,000
    $643,900
    $803,900

    Comparable in this City

    • Value Estimation
      $395,000
      18,594 SF

      1400 Ter Dr

      APARTMENT HOUSE (5+ UNITS) • 18,594 SF
      1400 Ter Dr, Roseville, MN 55113-7117
      View Details
    • Value Estimation
      $1,015,000
      111,288 SF

      1222 Rose Vis Ct

      APARTMENT HOUSE (100+ UNITS) • 111,288 SF
      1222 Rose Vis Ct, Roseville, MN 55113-6230
      View Details
    • Value Estimation
      $590,000
      24,021 SF

      1740 Marion St

      APARTMENT HOUSE (5+ UNITS) • 24,021 SF
      1740 Marion St, Roseville, MN 55113-6788
      View Details
    • Value Estimation
      $595,000
      26,262 SF

      1721 Marion St

      APARTMENT HOUSE (5+ UNITS) • 26,262 SF
      1721 Marion St, Roseville, MN 55113-6988
      View Details
    • Value Estimation
      $380,000
      14,472 SF

      1725 Woodbridge Ct

      APARTMENT HOUSE (5+ UNITS) • 14,472 SF
      1725 Woodbridge Ct, Roseville, MN 55113-6785
      View Details
    • Value Estimation
      $655,000
      14,277 SF

      2225 Snelling N Ave

      APARTMENT HOUSE (100+ UNITS) • 14,277 SF
      2225 Snelling N Ave, Roseville, MN 55113-4262
      View Details

    Similar Nearby for Sale

    • $299,900
      2,000 SF

      Roseville Low-Rise Commercial Building

      Prime Roseville location, 2,000 sq ft. Great investment opportunity.
      1076 County Road B, Roseville, MN 55113
      View Details
    • $117,500
      727 SF

      Move-In Ready Condo with Amenities

      Comfortable condo with in-unit laundry, balcony, and community amenities.
      2670 Oxford St N, Roseville, MN 55113
      View Details
    • $275,000
      0.80 Acres

      Wooded Land Overlooking Nature Center

      Private, wooded 0.79-acre lot in the heart of Roseville.
      County Rd C W, Roseville, MN 55113
      View Details
    • $1,030,000
      15,198 SF

      Roseville Office Condo For Sale

      Executive Suites, Ample Parking, Prime Location
      1912 Lexington Ave, Roseville, MN 55113
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    • Contact for pricing
      0.27 Acres

      Turn-Key Space in Roseville, MN

      865 SF turn-key suite ideal for personal and professional services.
      1961 Rice St, Saint Paul, MN 55113
      View Details
    • $335,000
      0.53 Acres

      Residential Land in Ideal Location

      Residential land with building possibilities in Roseville, Minnesota.
      1836 Hamline Ave N, Saint Paul, MN 55113
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      31,412 SF

      Roseville Office Space for Lease

      Prime Roseville location, flexible suites available.
      2780 Snelling Ser Dr, Roseville, MN 55113
      View Details
    • $10 SF/Yr
      4,920 SF

      Roseville Warehouse with Dock Door

      4,920 SF warehouse featuring drive-in and dock doors.
      1925 Oakcrest Ave, Roseville, MN 55113
      View Details
    • Contact for pricing
      900 SF

      Retail Space on Rice Street

      Retail space for lease with excellent visibility and access.
      2680-2688 Rice St, Little Canada, MN 55113
      View Details
    • Contact for pricing
      29,337 SF

      Roseville Retail Center Investment Opportunity

      Prime Roseville location, multiple spaces available.
      1688 Lexington Ave, Roseville, MN 55113
      View Details
    • $18 SF/Yr
      41,903 SF

      Roseville Retail Endcap - 3,540 SF

      Prime Roseville retail space, high visibility, ample parking.
      2729 Lincoln Dr, Roseville, MN 55113
      View Details
    • Contact for pricing
      2,880 SF

      Little Canada Retail Space For Lease

      Two Suites Available, Prime Location
      2800 Rice St, Little Canada, MN 55113
      View Details
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    2956 Rice St
    Little Canada, MN 55113-2231
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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