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Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Apartment buildings
8390 Jasmine St, Virginia, MN 55792-4038
Entity Owned
2-yr Hold
Property ID
US46-1180700
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1995
Total area
20,904 SF
APN
175-0069-00935
UPID
US46-1180700
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
$3.35M
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
Snoop Investments LLC · 2 yrs held
Snoop Investments LLC
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.1M
+68.8%
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 Virginia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Virginia 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
$3,410,000
ML approach
$3,345,000
CAP Approach
CAP Return
Estimation
6%
$2,855,000
6.5%
$2,635,000
7%
$2,445,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,805,000
Current use
INDUSTRIAL (GENERAL)
$3,050,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10% · vs last sale $2.84M (Dec 21 2023)
Last sale anchor
$2.84M
Dec 21 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
$144 / 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
$9,554
Tax year 2023
Assessed value
$662,900
Assessed 2022
Previous assessed
$662,900
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$12,500
Assessed improvement
$650,400
Land market value
$12,500
Improvement market value
$650,400
Total market value
$662,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1995
Heating
HOT WATER
Cooling
WALL UNIT
Stories
2
Units
24
Total area
20,904 SF
APN
175-0069-00935
UPID
US46-1180700
Jurisdiction
ST LOUIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
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
1995
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
24
Current owner
From public records · entity-resolved
Snoop Investments LLC
Entity
Mailing address
1324 E 4TH ST STE B, DULUTH, MN 55805-2810
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
$2,835,863
Snoop Investments LLC
Meadowbrook Apartments Of Va North
Limited Warranty Deed
—
Aug 25, 2022
—
Meadowbrook Apartments Of Va North
Meadowbrook Apartments Of Va Sw LLC
Intrafamily Transfer
related
—
Aug 26, 2019
—
Meadowbrook Apts Of Virginia N Ll
—
Grant Deed
related
$7,000,000 · First St Bk
Nov 18, 2009
—
Meadowbrook Apartments Of Virgini
—
Trustees Deed
related
$700,000 · Tcf National Bank
Oct 29, 2008
—
Meadowbrook Apartments Of Virgini
—
Trustees Deed
related
$700,000 · Tcf National Bank
Jun 27, 2008
—
Brian Zubert
—
Trustees Deed
related
$700,000 · Tcf National Bank
May 27, 2008
—
Meadowbrook Apartments Of Virgini
Zubert Brian M Trust
Grant Deed
—
Feb 22, 2006
—
Zubert Brian M Trust
Zubert,brian M
Quit Claim Deed
related
—
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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