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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Warehouses
622 Watson Ave, Saint Paul, MN 55102-3910
Entity Owned
2-yr Hold
Free & Clear
Property ID
US46-0109744
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1888
Total area
14,860 SF
Lot
0.33 ac (14,418 SF)
Zoning code
Q
APN
11-28-23-41-0199
UPID
US46-0109744
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
$600k
Blend (final)
Blend
$650k
Owner & transaction history
A Florida Limited Liability Company · 2 yrs held
A Florida Limited Liability Company
since 2023
Last sale
$775,000
7 recorded transactions
Zoning & alternative use
Q · 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
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
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $775k (Jul 27 2023)
Last sale anchor
$775k
Jul 27 2023
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
$44 / 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
$23,006
Tax year 2023
Assessed value
$870,400
Assessed 2023
Previous assessed
$870,400
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$86,700
Assessed improvement
$783,700
Land market value
$86,700
Improvement market value
$783,700
Total market value
$870,400
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
1888
Heating
HOT WATER
Buildings
3
Total area
14,860 SF
Lot
0.33 ac (14,418 SF)
Zoning code
Q
APN
11-28-23-41-0199
UPID
US46-0109744
Jurisdiction
RAMSEY
Zoning & alternative use
Q · Saint Paul, MN
Zoning Q · permitted uses
Q · 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
1888
Heating
HOT WATER
Buildings
3
Lot
0.33 ac
Current owner
From public records · entity-resolved
A Florida Limited Liability Company
Entity
Free & Clear · 2 yrs held
Mailing address
3836 LONGFELLOW AVE MINNEAPOLIS
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
$775,000
A Florida Limited Liability Company
A Minnersota Limited Company
Warranty Deed
—
Oct 18, 2019
—
Watson Drake Ptshp LLC
—
Trustees Deed
related
$625,000 · Cortrust Bk NA
Jul 18, 2018
$500
Watson Drake Ptshp LLC
Galles,gregory J & Molly
Quit Claim Deed
related
$225,000 · Cortrust Bk NA
May 2, 2018
$500
Watson Drake LLC
Galles,gregory J
Quit Claim Deed
related
—
Aug 17, 2004
$500
Properties Galles
Galles,gregory J & Molly
Quit Claim Deed
related
—
Oct 23, 2002
$425,000
Gregory J Galles
Nicosia,s C & Roxanne D
Grant Deed
$382,500 · Dakota Bank & Trust
—
—
Nicosia S C
—
Deed Of Trust
related
$107,028 · Dakota Bank & Trust
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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