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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Warehouses
505 Randolph Ave, Saint Paul, MN 55102-3615
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0932035
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
8,994 SF
Lot
0.65 ac (28,488 SF)
Zoning code
R
APN
12-28-23-23-0096
UPID
US46-0932035
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
$1.15M
Blend (final)
Blend
$980k
Owner & transaction history
Sutton Properties LLC · 9 yrs held
Sutton Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
R · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+45.7%
Medical building
$1.3M
+27.9%
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
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
WAREHOUSE, STORAGE
$1,035,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,510,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$1,325,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$995,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$985,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$920,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$109 / 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
$26,360
Tax year 2023
Assessed value
$881,300
Assessed 2023
Previous assessed
$801,300
+10.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$171,000
Assessed improvement
$710,300
Land market value
$171,000
Improvement market value
$710,300
Total market value
$881,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Heating
HOT WATER
Buildings
3
Total area
8,994 SF
Lot
0.65 ac (28,488 SF)
Zoning code
R
APN
12-28-23-23-0096
UPID
US46-0932035
Jurisdiction
RAMSEY
Zoning & alternative use
R · Saint Paul, MN
Zoning R · permitted uses
R · 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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$995,000
OFFICE BUILDING
Est. value
$985,000
RETAIL STORES
Est. value
$920,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1969
Heating
HOT WATER
Buildings
3
Lot
0.65 ac
Current owner
From public records · entity-resolved
Sutton Properties LLC
Entity
Mailing address
1773 SUTTON LN, SAINT PAUL, MN 55118-3717
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
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2020
—
Sutton Properties LLC
—
Deed
related
$349,000 · Bankcherokee
Jul 10, 2020
—
Sutton Properties LLC
—
Deed
related
$349,000 · Bankcherokee
Mar 8, 2017
$625,700
Sutton Properties LLC
Lakeside Holdings LLC
Warranty Deed
$502,000 · Bankcherokee
May 13, 2016
—
Lakeside Holdings LLC
—
Deed
related
—
Feb 28, 1999
—
Lakeside Holdings LLC
Gombold,gerald F & Clarice
Grant Deed
related
$201,500 · Heritage National Bank
Apr 20, 1998
$385,000
Lakeside Holdings LLC
Gombold,gerald F & Clarice
Trustees Deed
related
$201,500 · Heritage Bank
—
—
Lakeside Holdings LLC
—
Deed Of Trust
related
—
—
—
Lakeside Holdings LLC
—
Deed Of Trust
related
$166,000 · Saint Paul/metro East Dev Corp
—
—
Lakeside Holding LLC
—
Deed Of Trust
related
$200,000 · Washington County Bank
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Deed Of Trust
related
$209,000 · Washington County Bank
—
—
Lakeside Holdings LLC
—
Deed Of Trust
related
$200,000 · Washington County Bank
—
—
Sutton Properties LLC
—
Deed Of Trust
related
$349,000 · Bankcherokee
—
—
Sutton Properties LLC
—
Deed Of Trust
related
$349,000 · Bankcherokee
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Loan Modification
related
—
—
—
Lakeside Holdings LLC
—
Deed Of Trust
related
—
—
—
Lakeside Holdings LLC
—
Deed Of Trust
related
$292,000 · First American Bank
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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