Back to Search
Property profile & analytics
OFF-MARKET
Investment properties
872 Payne Ave Saint Paul, MN 55130-4102
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0418389
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1886
Construction
WOOD FRAME
Total area
13,311 SF
Lot
0.08 ac (3,572 SF)
Zoning code
M
APN
29-29-22-42-0148
UPID
US46-0418389
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
House Of Payne LLC · 1 yrs held
House Of Payne LLC
since 2024
Last sale
$116,252
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,562
Tax year 2023
Assessed value
$986,200
Assessed 2023
Previous assessed
$685,800
+43.8% YoY
Effective rate
1.68%
On assessed value
Assessed land
$35,800
Assessed improvement
$950,400
Land market value
$35,800
Improvement market value
$950,400
Total market value
$986,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1886
Construction
WOOD FRAME
Heating
HOT WATER
Total area
13,311 SF
Lot
0.08 ac (3,572 SF)
Zoning code
M
APN
29-29-22-42-0148
UPID
US46-0418389
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
1886
Construction
WOOD FRAME
Heating
HOT WATER
Lot
0.08 ac
Current owner
From public records · entity-resolved
House Of Payne LLC
Entity
Mailing address
872 W PAYNE AVE STE #114, SAINT PAUL, MN 55130-4102
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2024
$116,252
House Of Payne LLC
Laiyun Yan
Warranty Deed
$620,000 · Security Bank & Trust
Jan 24, 2020
$500
Laiyun Yan
Midwest Gir Group LLC
Quit Claim Deed
related
—
Jan 24, 2020
$530,000
Mcdaniel,aaron B Living Trust
Junxia Li
Warranty Deed
related
$625,000 · Boundary Waters St Bk
Nov 7, 2018
$530,000
Mcdaniel,aaron B Living Trust
Li,junxia
Warranty Deed
related
$430,000 · Junxia Li
Oct 10, 2018
$530,000
Junxia Li
Endless Estates LLP
Warranty Deed
—
Jan 13, 2014
$335,000
Endless Ests LLP
J C Commercial Holdings LLC
Warranty Deed
$268,000 · First Western Bank & Trust
Jan 13, 2014
$110,000
J C Commercial Holdings LLC
Pederson,bryan K
Warranty Deed
related
—
Nov 21, 2012
$110,000
J C Commercial Holdings LLC
Pederson,bryan K
Dual Purpose Document
related
$100,000 · Bryan K Pederson
Mar 9, 2012
—
Bryan K Pederson
Pederson Keith J
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.
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 872 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.
