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Property profile & analytics
OFF-MARKET
Apartment buildings
324 7th W St, Saint Paul, MN 55102-2352
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-0976240
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1972
Construction
WOOD FRAME
Total area
26,082 SF
Lot
4.93 ac (214,925 SF)
Zoning code
H
APN
01-28-23-41-0001
UPID
US46-0976240
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
by Request
Owner & transaction history
Sherman Forbes Housing Partners LP · 3 yrs held
Sherman Forbes Housing Partners LP
since 2023
Last sale
$17.3M
3 recorded transactions
Zoning & alternative use
H · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Saint Paul submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$158,680
Tax year 2023
Assessed value
$16,423,900
Assessed 2023
Previous assessed
$16,423,900
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$2,080,000
Assessed improvement
$14,343,900
Land market value
$2,080,000
Improvement market value
$14,343,900
Total market value
$16,423,900
Applied tax rate
625.0000
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
1972
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Units
28
Total area
26,082 SF
Lot
4.93 ac (214,925 SF)
Zoning code
H
APN
01-28-23-41-0001
UPID
US46-0976240
Jurisdiction
RAMSEY
Zoning & alternative use
H · Saint Paul, MN
Zoning H · permitted uses
H · Saint Paul, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Paul. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Units
28
Lot
4.93 ac
Current owner
From public records · entity-resolved
Sherman Forbes Housing Partners LP
Entity
Free & Clear · 3 yrs held
Mailing address
2607 5TH AVE, SEATTLE, WA 98121-1517
Ownership since
2023
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
Jun 30, 2023
—
Sherman Forbes Housing Partners LP
Sherman Forbes Preservation LLC
Limited Warranty Deed
—
Jun 30, 2023
$17,330,694
Sherman Forbes Housing Partners Blp
Sherman Forbes Preservation LLC
Limited Warranty Deed
$267,300 · Sherman Forbes Housing Management L
Jan 12, 2001
—
Selas Hsiung
Carlone,patrick A & Clodetta A
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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