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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
628 Pne St, Saint Paul, MN 55130-4421
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0657573
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Total area
5,950 SF
Lot
0.23 ac (10,106 SF)
Zoning code
Q
APN
31-29-22-14-0048
UPID
US46-0657573
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
$880k
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$674k
Blend (final)
Blend
$900k
Owner & transaction history
Michelle S Kunz · 4 yrs held
Michelle S Kunz
since 2022
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
Q · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+83.2%
Auto repair, garage
$1.2M
+75.9%
Neighborhood: shopping center
$1.0M
+45.7%
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
$865,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$685,000
Current use
RESTAURANT
$1,255,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,205,000
Change: +76% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,000,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$875,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$650,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$610,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $1.20M (Mar 24 2022)
Last sale anchor
$1.20M
Mar 24 2022
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
$151 / 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
$15,210
Tax year 2023
Assessed value
$586,000
Assessed 2023
Previous assessed
$486,400
+20.5% YoY
Effective rate
2.60%
On assessed value
Assessed land
$70,800
Assessed improvement
$515,200
Land market value
$70,800
Improvement market value
$515,200
Total market value
$586,000
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
1963
Heating
HOT WATER
Buildings
2
Total area
5,950 SF
Lot
0.23 ac (10,106 SF)
Zoning code
Q
APN
31-29-22-14-0048
UPID
US46-0657573
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$685,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$875,000
OFFICE BUILDING
Est. value
$650,000
RETAIL STORES
Est. value
$610,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1963
Heating
HOT WATER
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Michelle S Kunz
Individual
Mailing address
628 PNE ST, SAINT PAUL, MN 55130-4421
Mailing matches property
Yes
Owner-occupied
Yes
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
Apr 15, 2022
—
Gemini LLC
—
Deed
related
$508,000 · Wbd INC
Mar 24, 2022
—
Michelle S Kunz
Charles R Steffel
Affidavit Of Death Of Joint Tenant
$615,000 · Drake Bank
Mar 24, 2022
$1,200,000
Gemini LLC
Positively 2nd St Ne LLC
Warranty Deed
$492,000 · Drake Bank
Dec 3, 2014
—
Mark Laska
Meyers Rita M Trust
Quit Claim Deed
related
—
Dec 8, 2000
$165,000
A W Bead Blasting
Feldman Trust
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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