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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Office buildings
821 Raymond Ave, Saint Paul, MN 55114-1503
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0869651
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1904
Total area
36,843 SF
Lot
1.4 ac (60,984 SF)
Zoning code
F
APN
29-29-23-34-0002
UPID
US46-0869651
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
-
TAALO TAX SERVICES Tax Preparation
-
Terra Sorg Mental Health Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$4.01M
Owner & transaction history
Red Stone Corner LLC · 2 yrs held
Red Stone Corner LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
F · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.2M
+53.3%
Medical building
$5.4M
+34.6%
Warehouse, storage
$4.2M
+5.2%
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
$4,010,000
ML approach
$4,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,035,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,185,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$5,430,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$4,245,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$3,765,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,390,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $4.01M (Mar 7 2024)
Last sale anchor
$4.01M
Mar 7 2024
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
$109 / 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
$79,408
Tax year 2023
Assessed value
$2,159,800
Assessed 2023
Previous assessed
$2,159,800
+0.0% YoY
Effective rate
3.68%
On assessed value
Assessed land
$634,600
Assessed improvement
$1,525,200
Land market value
$634,600
Improvement market value
$1,525,200
Total market value
$2,159,800
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1904
Heating
YES
Buildings
3
Total area
36,843 SF
Lot
1.4 ac (60,984 SF)
Zoning code
F
APN
29-29-23-34-0002
UPID
US46-0869651
Jurisdiction
RAMSEY
Zoning & alternative use
F · Saint Paul, MN
Zoning F · permitted uses
F · 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
OFFICE BUILDING Current
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1904
Heating
YES
Buildings
3
Lot
1.4 ac
Current owner
From public records · entity-resolved
Red Stone Corner LLC
Entity
Mailing address
1496 RAYMOND AVE, SAINT PAUL, MN 55108-1433
Ownership since
2024
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
Mar 7, 2024
$4,010,000
Red Stone Corner LLC
Baker East Partners LLP
Limited Warranty Deed
$1,000,000 · Sunrise Bank
May 19, 2021
—
Baker East Partners Lllp
—
Deed
related
$1,400,000 · Bankcherokee
Sep 21, 2017
—
Baker East Partners Lllp
—
Deed
related
$986,105 · Sunrise Bk
—
—
Bakers East Partners
—
Deed Of Trust
related
$20,000 · Park Midway Bank
—
—
Baker East Partners Lllp
—
Deed Of Trust
related
$250,000 · Park Midway Bank
—
—
Baker East Partners Lllp
—
Loan Modification
related
$986,105 · Sunrise Bk
—
—
Baker East Partners Lllp
—
Deed Of Trust
related
$1,000,000 · Park Midway Bank
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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