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Property profile & analytics
OFF-MARKET
Office buildings
621 Marie Ave South Saint Paul, MN 55075-2039
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-0951095
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
CONCRETE
Total area
6,696 SF
Lot
0.08 ac (3,485 SF)
Zoning code
R
APN
36-32550-05-020
UPID
US46-0951095
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
-
Rumi Social Service Agency
-
Frazier Wellness Services Social Worker Counselor
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
Mvk Capital LLC · 4 yrs held
Mvk Capital LLC
since 2021
Last sale
$295,000
7 recorded transactions
Zoning & alternative use
R · South 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 South Saint Paul submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
$5,868
Tax year 2023
Assessed value
$216,400
Assessed 2022
Previous assessed
$216,400
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$43,000
Assessed improvement
$173,400
Land market value
$43,000
Improvement market value
$173,400
Total market value
$216,400
Applied tax rate
36.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1957
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Total area
6,696 SF
Lot
0.08 ac (3,485 SF)
Zoning code
R
APN
36-32550-05-020
UPID
US46-0951095
Jurisdiction
DAKOTA
Zoning & alternative use
R · South Saint Paul, MN
Zoning R · permitted uses
R · South Saint Paul, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Saint Paul. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
CONCRETE
Heating
NONE
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Mvk Capital LLC
Entity
Free & Clear · 4 yrs held
Mailing address
905 JEFFERSON AVE #100, SAINT PAUL, MN 55102-4741
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
—
Rezek Properties LLC
—
Deed
related
$312,000 · Old National Bank
Jan 5, 2022
—
621 Marie Ave Lllp
—
Deed
related
$248,000 · Hiawatha National Bank
Oct 6, 2021
$295,000
Mvk Capital LLC
Paradise City LLC
Warranty Deed
—
Feb 17, 2021
—
Paradise City LLC
—
Deed
related
$204,000 · Bell Bank
Dec 31, 2019
$500
Paradise City LLC
C Eater II Investments LLC
Quit Claim Deed
related
—
Jun 22, 2015
$92,500
C Eater II Investments LLC
Schultz Gerald F Trust
Warranty Deed
—
—
—
C Eater II Investments LLC
—
Loan Modification
related
$238,000 · Central Bk
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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