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Property profile & analytics
OFF-MARKET
Estimated value
$12,595,000
Assisted living facilities
7500 22nd St, St Louis Park, MN 55426-2602
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-1136461
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1971
Construction
CONCRETE
Total area
400,080 SF
Lot
4.61 ac (200,812 SF)
APN
08-117-21-21-0261
UPID
US46-1136461
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
-
Aegis Therapies Medical Clinic
-
The Villas at St. Louis Park Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.99M
Blend (final)
Blend
$12.60M
Owner & transaction history
7500 W22nd St LLC · 3 yrs held
7500 W22nd St LLC
since 2023
Last sale
$12.6M
7 recorded transactions
Zoning & alternative use
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 St Louis Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Louis Park 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
$12,620,000
ML approach
$8,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.60M
Range $11.34M – $13.85M · ±10% · vs last sale $12.59M (Jan 9 2023)
Last sale anchor
$12.59M
Jan 9 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
$31 / 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
$67,536
Tax year 2023
Assessed value
$4,151,000
Assessed 2023
Previous assessed
$4,151,000
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$1,802,000
Assessed improvement
$2,349,000
Land market value
$1,802,000
Improvement market value
$2,349,000
Total market value
$4,151,000
Applied tax rate
283.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
400,080 SF
Lot
4.61 ac (200,812 SF)
APN
08-117-21-21-0261
UPID
US46-1136461
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
4.61 ac
Current owner
From public records · entity-resolved
7500 W22nd St LLC
Entity
Mailing address
638 SOUTHBEND AVE, MANKATO, MN 56001-2168
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
$12,585,469
7500 W22nd St LLC
The Villa At St Louis Park Realty L
Warranty Deed
$34,875,000 · Cibc Bank USA
Dec 28, 2020
—
Villa At St Louis Pk Realty Ll
—
Deed
related
$22,400,000 · Bank Leumi USA
Dec 3, 2020
—
Villa At St Louis Pk Realty Ll
—
Deed
related
$22,400,000 · Bank Leumi USA
Aug 12, 2020
—
Villa At St Louis Pk Realty Ll
—
Deed
related
$22,400,000 · Bank Leumi USA
Jan 31, 2020
—
Villa At Bryn Mawr Realty LLC
—
Deed
related
$22,400,000 · Bank Leumi USA
Oct 1, 2019
—
Villa At St Louis Pk Realty Ll
—
Deed
related
$21,877,333 · Bank Leumi USA
Aug 5, 2013
—
Aviv Homes Co LLP
—
Grant Deed
related
$5,000,000 · Privatebank & Trust
—
—
Villa At St Louis Pk Realty Ll
—
Loan Modification
related
$21,877,333 · Bank Leumi USA
—
—
Aviv Homes Co LLP
—
Deed Of Trust
related
$5,000,000 · Privatebank & Trust
—
—
Villa At Bryn Mawr Realty LLC
—
Loan Modification
related
$22,400,000 · Bank Leumi USA
—
—
Villa At St Louis Pk Realty Ll
—
Loan Modification
related
$22,400,000 · Bank Leumi USA
—
—
Villa At St Louis Pk Realty Ll
—
Loan Modification
related
$22,400,000 · Bank Leumi USA
—
—
Villa At St Louis Pk Realty Ll
—
Loan Modification
related
$22,400,000 · Bank Leumi USA
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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