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Property profile & analytics
OFF-MARKET
Retail residential properties
617 Snelling S Ave Saint Paul, MN 55116-1529
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0610155
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1946
Total area
9,903 SF
Lot
0.11 ac (5,009 SF)
Zoning code
M
APN
09-28-23-44-0025
UPID
US46-0610155
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
by Request
Owner & transaction history
Kaizen And Woodlawn Properties LLC · 3 yrs held
Kaizen And Woodlawn Properties LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
M · 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,708
Tax year 2023
Assessed value
$669,300
Assessed 2023
Previous assessed
$585,200
+14.4% YoY
Effective rate
2.80%
On assessed value
Assessed land
$110,800
Assessed improvement
$558,500
Land market value
$110,800
Improvement market value
$558,500
Total market value
$669,300
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 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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1946
Heating
NONE
Cooling
NONE
Total area
9,903 SF
Lot
0.11 ac (5,009 SF)
Zoning code
M
APN
09-28-23-44-0025
UPID
US46-0610155
Jurisdiction
RAMSEY
Zoning & alternative use
M · Saint Paul, MN
Zoning M · permitted uses
M · 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.
Building & site characteristics
From public records
Year built
1946
Heating
NONE
Cooling
Yes
Lot
0.11 ac
Current owner
From public records · entity-resolved
Kaizen And Woodlawn Properties LLC
Entity
Mailing address
617 SNELLING AVE S, SAINT PAUL, MN 55116-1529
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
$1,000,000
Kaizen And Woodlawn Properties LLC
Kalzen Properties LLP
Limited Warranty Deed
$800,000 · Cortrust Bank NA
Feb 11, 2014
$450,000
Kaizen Properties LLP
Sunrise Bk
Quit Claim Deed
related
—
Dec 23, 2011
$500
Park Midway Bank NA
Custom Crafted Upholstery INC
Quit Claim Deed
related
—
Dec 23, 2011
—
Custom Crafted Upholstery INC
Park Midway Bk
Grant Deed
related
—
Nov 23, 2011
$453,592
Park Midway Bank NA
Sheriff Of Ramsey County
Trustees Deed
related
—
May 26, 2006
$675,000
Custom Crafted Upholstery INC
Park Midway Bank
Warranty Deed
—
Dec 27, 2004
—
Dc Rentals LLC
—
Trustees Deed
related
$600,000 · Park Midway Bank
Jan 18, 2001
$505,000
Dc Rentals LLC
Highland Marine INC
Grant Deed
$405,000 · National City Bank Minneapolis
—
—
Kaizen Properties LLP
—
Deed Of Trust
related
$500,000 · Midcountry Bk
—
—
Dc Rentals LLC
—
Deed Of Trust
related
$790,000 · St Anthony Park State 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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