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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Hospitals
615 Pecan Ave, Duluth, MN 55811-2749
Entity Owned
13-yr Hold
Free & Clear
Property ID
US46-1506493
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2011
Total area
25,900 SF
APN
010-0540-03070
UPID
US46-1506493
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
Current use
Occupant on record · Public records
-
Amber Wing, OTR/L Physician
-
Amberwing-Center for Youth & Family Well-Being Crisis Center Medical Clinic
-
Essentia Health-Amberwing Medical Clinic
-
Ronald Niemi, LP Crisis Center Medical Clinic
-
ElizaBeth Carver, LP, PsyD Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$815k
Owner & transaction history
Miller-dwan Foun Amberwing LLC · 13 yrs held
Miller-dwan Foun Amberwing LLC
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.2M
+61.3%
Apartment house (5+ units)
$1.2M
+57.8%
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
MEDICAL BUILDING
$765,000
Current use
INDUSTRIAL (GENERAL)
$1,240,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,210,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$31 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$3,417,400
Assessed 2022
Previous assessed
$2,547,100
+34.2% YoY
Assessed land
$94,600
Assessed improvement
$3,322,800
Land market value
$94,600
Improvement market value
$3,322,800
Total market value
$3,417,400
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Total area
25,900 SF
APN
010-0540-03070
UPID
US46-1506493
Jurisdiction
ST LOUIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$765,000
INDUSTRIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
MEDICAL BUILDING Current
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2011
Heating
FORCED AIR
Cooling
Yes
Stories
2
Current owner
From public records · entity-resolved
Miller-dwan Foun Amberwing LLC
Entity
Free & Clear · 13 yrs held
Mailing address
502 E 2ND ST, DULUTH, MN 55805-1913
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2013
—
Miller-dwan Foun Amberwing LLC
Miller-dwan Foun Hospice Hse L
Quit Claim Deed
related
—
Oct 4, 2006
—
Foun Hospice Hse L Miller-dwan
—
Trustees Deed
related
$2,000,000 · Republic Bank
Jun 29, 2006
$244,100
Foun Hospice Hse L Miller-dwan
Housing & Redev Authority Of Dulu
Quit Claim Deed
related
—
Feb 6, 2006
$235,548
Housing & Redev Authority Of Dulu
Commissioner Of Revenue
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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