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Property profile & analytics
OFF-MARKET
Estimated value
$13,875,000
Warehouses
875 Montreal Way, Saint Paul, MN 55102-4245
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-1043347
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
130,468 SF
Lot
8.3 ac (361,722 SF)
APN
14-28-23-23-0028
UPID
US46-1043347
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
$16.14M
Blend (final)
Blend
$13.88M
Owner & transaction history
Ktj 344 LLC · 6 yrs held
Ktj 344 LLC
since 2019
Last sale
$12.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$21.9M
+45.7%
Medical building
$19.2M
+27.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,030,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$21,895,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$19,220,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,400,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$14,285,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$13,340,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$13.88M
Range $12.49M – $15.26M · ±10% · vs last sale $12.60M (May 13 2025)
Last sale anchor
$12.60M
May 13 2025
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
$106 / 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
$415,324
Tax year 2023
Assessed value
$12,418,800
Assessed 2023
Previous assessed
$11,787,700
+5.4% YoY
Effective rate
3.34%
On assessed value
Assessed land
$2,170,500
Assessed improvement
$10,248,300
Land market value
$2,170,500
Improvement market value
$10,248,300
Total market value
$12,418,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
HOT WATER
Buildings
3
Total area
130,468 SF
Lot
8.3 ac (361,722 SF)
APN
14-28-23-23-0028
UPID
US46-1043347
Jurisdiction
RAMSEY
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
WAREHOUSE, STORAGE Current
Est. value
$15.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.9M
MEDICAL BUILDING
Est. value
$19.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.4M
OFFICE BUILDING
Est. value
$14.3M
RETAIL STORES
Est. value
$13.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1996
Heating
HOT WATER
Buildings
3
Lot
8.3 ac
Current owner
From public records · entity-resolved
Ktj 344 LLC
Entity
Mailing address
400 WATER ST STE #200, EXCELSIOR, MN 55331-3000
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2019
$7,200,000
Ktj 344 LLC
Wep Realty LLC
Trustees Deed
$10,392,547 · Tradition Cap Bk
Mar 23, 2018
—
Wep Realty LLC
Emc Publishing LLC
Grant Deed
related
—
Mar 23, 2018
$500
Wep Realty LLC
Emc Publishing LLC
Grant Deed
related
—
Oct 17, 2012
—
Emc Publishing LLC
—
Deed Of Trust
related
$5,685,800 · General Electric Capital Corp
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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