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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Apartment buildings
6002 Superior St, Duluth, MN 55804-2500
Trust Owned
4-yr Hold
Property ID
US46-0160610
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Total area
9,204 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C1
APN
010-2850-02080
UPID
US46-0160610
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
$849k
Blend (final)
Blend
$740k
Owner & transaction history
William J Anderson Of Trust · 4 yrs held
William J Anderson Of Trust
since 2022
5 recorded transactions
Zoning & alternative use
C1 · Duluth, 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 Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth 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
APARTMENT HOUSE (5+ UNITS)
$940,000
Current use
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$80 / 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
$11,012
Tax year 2023
Assessed value
$602,100
Assessed 2022
Previous assessed
$561,800
+7.2% YoY
Effective rate
1.83%
On assessed value
Assessed land
$24,000
Assessed improvement
$578,100
Land market value
$24,000
Improvement market value
$578,100
Total market value
$602,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1900
Heating
BASEBOARD
Cooling
NONE
Stories
2
Units
10
Total area
9,204 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C1
APN
010-2850-02080
UPID
US46-0160610
Jurisdiction
ST LOUIS
Zoning & alternative use
C1 · Duluth, MN
Zoning C1 · permitted uses
C1 · Duluth, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$940,000
APARTMENT HOUSE (5+ UNITS) Current
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
1900
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
10
Lot
0.11 ac
Current owner
From public records · entity-resolved
William J Anderson Of Trust
Trust
Mailing address
4835 HOWARD GNESEN RD #310, DULUTH, MN 55803-1207
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
—
William J Anderson Of Trust
Sunrise Enterprises Of Duluth INC
Quit Claim Deed
related
—
May 6, 2010
—
Sunrise Ents Of Duluth INC
—
Deed Of Trust
related
$1,875,000 · Gci Capital INC
—
—
Sunrise Ents Of Duluth INC
—
Deed Of Trust
related
$470,000 · Pioneer Nat'l Bk/duluth
—
—
Sunrise Ents Of Duluth INC
—
Deed Of Trust
related
$100,000 · Pioneer Nat'l Bk/duluth
—
—
Sunrise Ents Of Duluth INC
—
Deed Of Trust
related
$610,000 · Beacon 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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