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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Apartment buildings
340 George W St, Saint Paul, MN 55107-2685
Entity Owned
2-yr Hold
Property ID
US46-0485766
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Construction
WOOD FRAME
Total area
4,284 SF
Lot
0.14 ac (6,229 SF)
Zoning code
L
APN
07-28-22-24-0051
UPID
US46-0485766
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$347k
Blend (final)
Blend
$525k
Owner & transaction history
The Pastures LLC · 2 yrs held
The Pastures LLC
since 2024
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
L · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$870,000
+120.4%
Neighborhood: shopping center
$720,000
+82.5%
Medical building
$630,000
+60.2%
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
Method
Estimation
Statistic approach
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$395,000
Current use
AUTO REPAIR, GARAGE
$870,000
Change: +120% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$720,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$630,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$495,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$470,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$440,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$325,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Jan 5 2024)
Last sale anchor
$525k
Jan 5 2024
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
$123 / 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
$7,938
Tax year 2023
Assessed value
$395,800
Assessed 2023
Previous assessed
$395,800
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$100,000
Assessed improvement
$295,800
Land market value
$100,000
Improvement market value
$295,800
Total market value
$395,800
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 (5+ UNITS)
Status
Off-Market
Year built
1950
Construction
WOOD FRAME
Heating
YES
Cooling
NONE
Units
5
Total area
4,284 SF
Lot
0.14 ac (6,229 SF)
Zoning code
L
APN
07-28-22-24-0051
UPID
US46-0485766
Jurisdiction
RAMSEY
Zoning & alternative use
L · Saint Paul, MN
Zoning L · permitted uses
L · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$720,000
MEDICAL BUILDING
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$495,000
OFFICE BUILDING
Est. value
$470,000
RETAIL STORES
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$325,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
1950
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Units
5
Lot
0.14 ac
Current owner
From public records · entity-resolved
The Pastures LLC
Entity
Mailing address
1511 PAYNE AVE, SAINT PAUL, MN 55130-3216
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
$525,000
The Pastures LLC
Nb Estates LLC
Warranty Deed
$420,000 · Hiway Cu
Nov 13, 2020
$370,000
Nb Estates LLC
Overla Properties Lli LLC
Warranty Deed
$277,500 · Sunrise Bk
Mar 12, 2004
—
Overla Properties III LLC
Hedrickson,jane & Lawrence E
Grant Deed
related
—
Jun 24, 2003
$325,000
Jane Hendrickson
Berres,james R & Jeannie A
Grant Deed
—
Apr 20, 2000
$99,000
Kessler,james J & Laura J
Kaye,edward K & Beverly S
Trustees Deed
—
Apr 20, 2000
$155,000
Berres,james R & Jeannie A
Kessler,james J & Laura J
Trustees Deed
$142,500 · Inter Savings Bank Fsb
Mar 26, 1999
$155,000
James R Berres
Kessler,james J
Grant Deed
$130,000 · Seller
—
—
Overla Properties III LLC
—
Deed Of Trust
related
$193,783 · James O Hagen
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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