$1,495,000 12,156 SF

883 Payne Ave, Saint Paul, MN 55130
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Located at 883 Payne Avenue in Saint Paul, this mixed-use building was constructed in 1906 and includes seven units: two restaurant spaces and five apartment units. The building is heated with oil and includes an on-site parking lot. It is situated on a 0.2457-acre parcel.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$18k

Tax billed · 2023

Assessed value$840k

Assessed land$47k

Assessed improvement$793k

Effective rate2.20%

Value estimate

· Nov 2026

$510k

$459k – $561k

AI approach$315k

Submarket $/SF estimate$463k

NOI build-up

Gross scheduled income$149k

Vacancy & credit loss−$6k

Operating expenses−$36k

NOI · 7.18% cap applied$107k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?

$76/SF

Submarket average, outlier-cleaned · 197 recorded sales of this use type

Observed band · Q1–Q3$43 – $115

Qualifying comparables7

Cap rate analysis

How does the asset earn?

7.18%

$107k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

JurisdictionRAMSEY

Location intelligence

Which uses thrive at this corner?

Best fit: Law Firm

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Law Firm16.5

Realty agency13.4

Electrical Service11.8

883 Payne Ave Saint Paul, MN 55130

County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby

Address Sale price Sold Size

872 Payne, Saint Paul, MN 55130-4102 $116,252 May 2024 13,311 SF

1260 Payne, Saint Paul, MN 55130-3539 $189,000 Nov 2022 11,948 SF

751 Payne, Saint Paul, MN 55130-4152 $370,000 Jul 2022 6,850 SF

1097 Payne, Saint Paul, MN 55130-3738 $55,000 May 2021 4,590 SF

962 Burr, Saint Paul, MN 55130-3906 $312,000 Mar 2019 4,625 SF

1110 Payne, Saint Paul, MN 55130-3739 $44,500 Dec 2018 6,948 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation by Request
13,311 SF

872 Payne Ave

OFFICE/RESIDENTIAL (MIXED USE)

872 Payne Ave, Saint Paul, MN 55130-4102

View Details
Value Estimation
$515,000

17,076 SF

495 Kenny Rd

OFFICE/RESIDENTIAL (MIXED USE)

495 Kenny Rd, Saint Paul, MN 55130-4530

View Details
Value Estimation
$395,000

8,368 SF

1072 Payne Ave

OFFICE/RESIDENTIAL (MIXED USE)

1072 Payne Ave, Saint Paul, MN 55130-3843

View Details
Value Estimation
$265,000

8,100 SF

932 Payne Ave

OFFICE/RESIDENTIAL (MIXED USE)

932 Payne Ave, Saint Paul, MN 55130-4004

View Details
Value Estimation
$325,000

6,850 SF

751 Payne Ave

OFFICE/RESIDENTIAL (MIXED USE)

751 Payne Ave, Saint Paul, MN 55130-4152

View Details
Value Estimation
$255,000

6,450 SF

985 Payne Ave

OFFICE/RESIDENTIAL (MIXED USE)

985 Payne Ave, Saint Paul, MN 55130-3901

View Details

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