New search
Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Warehouses
655 Payne Ave, Saint Paul, MN 55130-4541
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US46-1107396
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1884
Total area
30,404 SF
Lot
0.38 ac (16,727 SF)
Zoning code
M
APN
32-29-22-21-0017
UPID
US46-1107396
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
$624k
Blend (final)
Blend
$970k
Owner & transaction history
La Palma Properties LLC · 11 yrs held
La Palma Properties LLC
since 2015
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
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
$970k
Range $873k – $1.07M · ±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
$32 / 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
$34,864
Tax year 2023
Assessed value
$1,306,900
Assessed 2023
Previous assessed
$1,021,000
+28.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$134,000
Assessed improvement
$1,172,900
Land market value
$134,000
Improvement market value
$1,172,900
Total market value
$1,306,900
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
1884
Heating
STEAM
Buildings
3
Total area
30,404 SF
Lot
0.38 ac (16,727 SF)
Zoning code
M
APN
32-29-22-21-0017
UPID
US46-1107396
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
1884
Heating
STEAM
Buildings
3
Lot
0.38 ac
Current owner
From public records · entity-resolved
La Palma Properties LLC
Entity
Mailing address
1260 ROBERT ST S, WEST ST PAUL, MN 55118-2442
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
—
La Palma Properties LLC
—
Deed
related
$45,000 · East Side Neighborhood Development Co In
Oct 26, 2017
—
La Palma Properties LLC
—
Deed
related
$497,145 · Bank Of The West
Oct 23, 2017
—
La Palma Properties LLC
—
Deed
related
$497,145 · Bank Of The West
Jan 6, 2015
$310,000
La Palma Properties LLC
Makiesky,louis J
Grant Deed
$542,500 · Great Sthrn Bk
Jun 21, 2012
—
Nerenberg David Trust
Makiesky Bernice Trust
Dual Purpose Document
$547,682 · Makiesky Bernice Trust
Sep 29, 2011
$620,000
La Palma Properties LLC
Us Bk National Assn
Dual Purpose Document
$555,000 · Us Bank NA
Jun 11, 2010
—
Louis J Makiesky
Makiesky Sidney
Quit Claim Deed
related
—
—
—
La Palma Properties LLC
—
Deed Of Trust
related
$497,145 · Bank Of The West
—
—
La Palma Properties LLC
—
Deed Of Trust
related
$497,145 · Bank Of The West
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 655 Payne Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
