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Property profile & analytics
OFF-MARKET
Apartment buildings
386 Wabasha N St, Saint Paul, MN 55102-1312
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-0340102
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1971
Total area
196,019 SF
Lot
0.43 ac (18,731 SF)
Zoning code
N
APN
06-28-22-12-0033
UPID
US46-0340102
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
Ivp St Paul Mf Conversion LLC · 3 yrs held
Ivp St Paul Mf Conversion LLC
since 2023
Last sale
$17.9M
7 recorded transactions
Zoning & alternative use
N · 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
$192,996
Tax year 2023
Assessed value
$11,761,100
Assessed 2023
Previous assessed
$11,761,100
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$1,500,000
Assessed improvement
$10,261,100
Land market value
$1,500,000
Improvement market value
$10,261,100
Total market value
$11,761,100
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
1971
Heating
YES
Buildings
3
Total area
196,019 SF
Lot
0.43 ac (18,731 SF)
Zoning code
N
APN
06-28-22-12-0033
UPID
US46-0340102
Jurisdiction
RAMSEY
Zoning & alternative use
N · Saint Paul, MN
Zoning N · permitted uses
N · 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
1971
Heating
YES
Buildings
3
Lot
0.43 ac
Current owner
From public records · entity-resolved
Ivp St Paul Mf Conversion LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2023
$17,868,000
Ivp St Paul Mf Conversion LLC
Lighthouse Management Group INC
Receivers Deed
—
May 5, 2020
—
St Paul Wabasha Partners I LLC
—
Deed
related
$1,450,300 · Gln Investments LLC
Jul 24, 2017
—
Wells Fargo Bank N 2007-cibc18
C & K 386 North Wabasha Street L
Grant Deed
related
—
Jan 4, 2007
$500
C Street
330 W 38th St LLC
Quit Claim Deed
related
—
Jul 28, 2003
$151,403
2330 W 38th St LLC
Capital Centre LLC
Grant Deed
$10,500,000 · Sunamerica Life Insurance Co
Jul 28, 2003
$293,900
William J Howard
Capital Centre LLC
Grant Deed
—
Jul 28, 2003
—
330 W 38th St LLC
Howard,william J & Janice 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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