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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Residential income homes
310 15th E Ave, Duluth, MN 55812-1677
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0972150
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1925
Total area
3,940 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R3
APN
010-1480-07120
UPID
US46-0972150
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
$550k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$438k
Blend (final)
Blend
$510k
Owner & transaction history
Zomo Duluth LLC · 3 yrs held
Zomo Duluth LLC
since 2022
Last sale
$483,000
7 recorded transactions
Zoning & alternative use
R3 · Duluth, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$565,000
+40.8%
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 Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth 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
$565,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$400,000
Current use
COMMERCIAL (GENERAL)
$565,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $483k (Aug 10 2022)
Last sale anchor
$483k
Aug 10 2022
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
$129 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,360
Tax year 2024
Assessed value
$288,200
Assessed 2022
Previous assessed
$255,300
+12.9% YoY
Effective rate
2.21%
On assessed value
Assessed land
$28,000
Assessed improvement
$260,200
Land market value
$28,000
Improvement market value
$260,200
Total market value
$288,200
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1925
Heating
RADIANT
Stories
2
Units
4
Total area
3,940 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R3
APN
010-1480-07120
UPID
US46-0972150
Jurisdiction
ST LOUIS
Zoning & alternative use
R3 · Duluth, MN
Zoning R3 · permitted uses
R3 · Duluth, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$400,000
COMMERCIAL (GENERAL)
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1925
Heating
RADIANT
Stories
2
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Zomo Duluth LLC
Entity
Mailing address
4400 WESTLAWN AVE, LOS ANGELES, CA 90066-6140
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
$483,000
Zomo Duluth LLC
Grouse Trail Properties LLC
Warranty Deed
—
Jun 18, 2019
$237,000
Grouse Trail Properties LLC
Litman,nancy L
Warranty Deed
$189,600 · Republic Bk
Aug 4, 2011
—
Nancy L Olson
Olson,eric G
Quit Claim Deed
related
$184,500 · Lake Bank
Aug 2, 2007
$245,000
Eric G Olson
Koschak,richard & Sandra J R
Warranty Deed
$208,000 · Lake Bank
Aug 11, 2004
—
Richard A Koschak
Koschak,richard A
Quit Claim Deed
related
—
—
—
Nancy L Litman
—
Deed Of Trust
related
$172,500 · Republic Bk
—
—
Grouse Trail Properties LLC
—
Deed Of Trust
related
$435,000 · Bell 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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