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    820 Concord St N South St Paul, MN 55075
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    Property profile & analytics

    820 Concord St N, South St Paul, MN 55075

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    • Office buildings
    • 12,720 SF
    • 1.05 lot acres
    For Lease
    $29 SF/Yr
    View Listing →
    Flex Space Available For Rent For Lease
    $29 SF/Yr

    Flex Space Available For Rent

    Flex space in South St. Paul, gross lease includes utilities.

    South St Paul, MN
    View Listing
    Property ID
    US46-1122947
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,435,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motion Automotive Enterprises / Car Dealership
    • Windshield Replacement Experts / General Contractor
    • Concepts in Massage Therapy & Bodywork Ltd. / Alternative Medicine Practice / Spa & Massage Center
    • webuyanycar.com / Car Dealership
    • H2C Heating, Cooling and Plumbing / HVAC Service / General Contractor

    Property Details for 820 Concord St N

    Year built
    2001
    Construction
    WOOD FRAME
    Lot size
    1.05 lot acres
    Property type
    Office buildings
    APN
    36-70209-27-032
    APU
    367020927032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 16, 2022 $1,500,000 Archer Industries LLC Rjr Enterprises LLC Limited Warranty Deed $1.2M · Hiawatha National Bank
    Sep 7, 2017 — Rjr Ents LLC Rauchwarter Eileen Trust Grant Deed —
    Aug 24, 2017 $735,000 Rjr Enterprises LLC North Concord Properties LLC Warranty Deed $410k · Wells Fargo Bank NA
    — — North Concord Properties LLC — Deed Of Trust · related $60k · Anchor Bank Heritage NA
    — — North Concord Properties LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,325,000
      ML approach
      $1,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $963,000
      Market price range: $691k - $1.52M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,125,000
      Current use
      AUTO REPAIR, GARAGE
      $2,170,000
      Change: +93% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,935,000
      Change: +72% Conversion: Difficult
      RETAIL STORES
      $1,815,000
      Change: +61% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,085,000
      Change: -4% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,070,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0451
    Latitude
    44.9047
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,180
    $315,600
    $497,300
    $812,900
    -
    $315,600
    $497,300
    $812,900

    Comparable in this City

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      S

      OFFICE BUILDING
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      View Details

    Similar Nearby for Sale

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      2,264 SF

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      Retail/Office building with convenient access to major highways.
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    • $240,000
      0.11 Acres

      Commercial Building with Parking Lots

      Stand-alone commercial building suitable for retail or office use.
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      Flexible Retail-Office Building

      Versatile downtown space suited for retail or professional office use, with potential for single or dual occupancy.
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      Residential Lots Near Downtown St. Paul

      Two residential lots with highway access and nearby amenities.
      1425 Evans Ave, South Saint Paul, MN 55075
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    • $32,500
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      Residential Lot in South Saint Paul

      Vacant lot with city sewer and water access.
      3xx 2Nd St, South Saint Paul, MN 55075
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    • Contact for pricing
      9,963 SF

      Retail Property with Recent Improvements

      Well-located retail property with great access and recent improvements.
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    Similar Nearby for Lease

    • Contact for pricing
      203 SF

      Flex Space Available For Rent

      Flex space in South St. Paul, gross lease includes utilities.
      820 Concord St N, South St Paul, MN 55075
      View Details
    • Contact for pricing

      South Saint Paul Restaurant Space

      Fully fixtured restaurant space with ample parking and signage.
      225 13Th Ave S, South St Paul, MN 55075
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      79,200 SF

      South St Paul Distribution Site

      27-acre site for high-bay distribution or industrial manufacturing.
      843 Hardman Ave S, South St Paul, MN 55075
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      8,000 SF

      Retail Space in South St. Paul

      8,000 SF retail space available for lease.
      633 Concord St S, South St Paul, MN 55075
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      422,727 SF

      Spacious St. Paul Warehouse Opportunity

      422,727 SF property ideal for logistics and distribution.
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      South Saint Paul Warehouse Space

      Warehouse space available in South Saint Paul with highway access.
      Xxxx Hardman Ave S, South Saint Paul, MN 55075
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    View Listing
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    South St Paul, MN 55075
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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