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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Community centers
433 Mendota E Rd West Saint Paul, MN 55118-5104
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0440568
Property summary
AI-generated overview
Lafayette Square Shopping Center, located at 433 Mendota Rd E in West Saint Paul, Minnesota (zip code 55077), presents a prime retail opportunity in the Minneapolis/St. Paul metro area. This Dakota County property boasts a total of 5,340 square feet, currently 100% vacant and available for lease. The center offers flexible space options, with a minimum divisible unit of 1,100 square feet and a maximum contiguous space of 2,200 square feet, allowing for adaptability to various retail needs. The property benefits from high visibility and convenient access, situated directly off Highway 52 (Lafayette Freeway) and just north of I-494. This ensures excellent exposure to a substantial customer base. The surrounding area is a thriving mix of professional offices, residential apartments, and single-family homes, providing a strong and diverse potential customer demographic. The center enjoys a strong tenant mix, including established businesses such as Marathon Gas, Jean's Soul Food Program, Wiggles & Wags Pet Salon, Iron Sups, Farmers Insurance, Blvd Bar & Grille, Frutilandia, and the Village Market. Ample parking is available with 115 spaces to accommodate customers and employees. This is an exceptional opportunity for retailers seeking a well-located and established shopping center in a high-traffic area.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Construction
CONCRETE
Total area
28,012 SF
Lot
5.23 ac (227,819 SF)
Zoning code
R
APN
42-44250-02-030
UPID
US46-0440568
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
$3.14M
Owner & transaction history
Clear Choice Property Mgmt LLC · 8 yrs held
Clear Choice Property Mgmt LLC
since 2017
3 recorded transactions
Zoning & alternative use
R · West 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 West Saint Paul submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,780,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10%
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
$112 / 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
$98,848
Tax year 2023
Assessed value
$3,212,300
Assessed 2022
Previous assessed
$2,931,600
+9.6% YoY
Effective rate
3.08%
On assessed value
Assessed land
$1,205,300
Assessed improvement
$2,007,000
Land market value
$1,205,300
Improvement market value
$2,007,000
Total market value
$3,212,300
Applied tax rate
42.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
12
Total area
28,012 SF
Lot
5.23 ac (227,819 SF)
Zoning code
R
APN
42-44250-02-030
UPID
US46-0440568
Jurisdiction
DAKOTA
Zoning & alternative use
R · West Saint Paul, MN
Zoning R · permitted uses
R · West Saint Paul, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Saint Paul. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.8M
AUTO REPAIR, GARAGE
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
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
12
Lot
5.23 ac
Current owner
From public records · entity-resolved
Clear Choice Property Mgmt LLC
Entity
Mailing address
715 FLORIDA AVE S STE #306, GOLDEN VALLEY, MN 55426-1759
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Sep 6, 2017
$3,000,000
Clear Choice Property Mgmt LLC
Lafayette Square LP
Warranty Deed
$2,775,000 · Sunrise Bk
Sep 6, 2017
$1,929,228
Clear Choice Props Mgmt LLC
Clear Choice Properties LLC
Grant Deed
related
—
Mar 14, 2006
$3,000,000
Clear Choice Properties LLC
Lafayette Square
Grant Deed
—
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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