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    49 Owasso W Blvd Little Canada, MN 55117-1029
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    Property profile & analytics

    49 Owasso W Blvd Little Canada, MN 55117-1029

    View on Map
    • Office buildings
    • 2,080 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US46-0717134
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 49 Owasso W Blvd

    Year built
    1966
    Construction
    FRAME
    Lot size
    0.48 lot acres
    Property size
    2,080 SF
    Zone code
    I
    Property type
    Office buildings
    APN
    06-29-22-22-0019
    APU
    62922220019

    Description

    This exceptional Saint Paul commercial property, located at 49 S Owasso Blvd, offers 2,622 square feet of versatile space ideal for a variety of businesses. The single-story building, classified as Class C, sits on a 0.25-acre lot and is currently entirely vacant, presenting a unique opportunity for immediate occupancy. The property is zoned for retail, office, and industrial uses, encompassing executive office, flex, and warehouse subtypes. Multiple tenancy options are available, with spaces ranging from a minimum of 576 square feet to a maximum contiguous space of 2,622 square feet, allowing for flexibility to suit diverse business needs. Situated in the MN - Northeast submarket of Ramsey County, this property provides convenient access to key transportation routes and amenities. The address is 49 S Owasso Blvd W, Saint Paul, MN 55117. This is a rare chance to secure a fully vacant, adaptable space in a prime location. The property's diverse zoning and flexible space options make it an attractive investment for businesses seeking a strategic location in Saint Paul. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Little Canada
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1029
    Latitude
    45.0319
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,550
    $83,600
    $201,100
    $284,700
    -
    $83,600
    $201,100
    $284,700

    Comparable in this City

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    • Value Estimation
      $3,245,000
      39,734 SF

      222 Little Canada E Rd

      OFFICE BUILDING • 39,734 SF
      222 Little Canada E Rd, Little Canada, MN 55117-2375
      View Details
    • Value Estimation
      $2,780,000
      29,968 SF

      219 Little Canada E Rd

      OFFICE BUILDING • 29,968 SF
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    • Value Estimation by Request
      8,928 SF

      1654 Rice St

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    • Value Estimation by Request
      8,192 SF

      90 County Rd C W C

      OFFICE BUILDING • 8,192 SF
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      3,268 SF

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      3,268 SF office condo with recent upgrades for sale.
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    • $179,000
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      Saint Paul Corner Industrial Lot

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    Similar Nearby for Lease

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      Professional Office Building For Rent

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      1,187 SF

      Office Space Sublease Opportunity

      Sublease office space with shared conference room and ample parking.
      219-223 Little Canada Rd E, Little Canada, MN 55117
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      Office and Flex Space Available

      Office and flex spaces with highway access and amenities.
      2935 Country Dr, Little Canada, MN 55117
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      7,395 SF

      Office Suite with Freeway Visibility

      Office suite featuring private offices, restrooms, and freeway visibility.
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      Office Space For Rent

      960 SF office space available in Little Canada, MN.
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    • Contact for pricing
      2,001 SF

      Little Canada Office/Retail Space

      2,001 SF newly constructed office/retail space available for rent.
      125 Little Canada Rd W, Little Canada, MN 55117
      View Details
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    Little Canada, MN 55117-1029
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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