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Property profile

890 Payne Ave St Paul, MN 55130

FOR SALE
Other investment properties
Property ID
US46-1118646
5,970 SF 0.06 ac lot Built 1888
Last sale Apr 1996 · $310,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This mixed-use property is located in Saint Paul’s Payne-Phalen corridor and includes one street-level commercial space and four residential units. The commercial space was configured for laundromat use and the residential component consists of three 1-bedroom, 1-bath units and one studio apartment. The property is associated with a B2-zoned lot at 648 York Ave with an area of approximately 4,836 square feet, and the overall property size is listed as 5,970 square feet. The B2 zoning supports a…

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?
$9k
Tax billed · 2023
Assessed value$378k
Assessed land$19k
Assessed improvement$359k
Effective rate2.34%

Value estimate

· Oct 2026
$240k
$216k – $264k
AI approach$170k
NOI build-up
Gross scheduled income$139k
Vacancy & credit loss−$31k
Operating expenses−$41k
NOI · 12.08% cap applied$68k

Realmo valuation models over county records and 14 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 comparables14

Cap rate analysis

How does the asset earn?
12.08%
$68k 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?
M
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 agency12.6
Electrical Service11.8

Location

890 Payne Ave St Paul, MN 55130
County assessor Recorded deeds · 6 transfers 14 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
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1134 Payne, Saint Paul, MN 55130-3722 $240,000 Jan 2023 3,216 SF
751 Payne, Saint Paul, MN 55130-4152 $370,000 Jul 2022 6,850 SF
721 Jackson, Saint Paul, MN 55130-4307 $332,500 Oct 2021 3,194 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
6 properties of the same type nearby
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