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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Office buildings
897 Saint Paul Ave, Saint Paul, MN 55116-2015
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0535211
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
5,729 SF
Lot
0.23 ac (9,975 SF)
Zoning code
J
APN
16-28-23-23-0026
UPID
US46-0535211
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
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$740k
Owner & transaction history
Highland Park Investments LLC · 2 yrs held
Highland Park Investments LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
J · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+92.8%
Auto repair, garage
$1.2M
+85.1%
Neighborhood: shopping center
$960,000
+53.3%
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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Current use
RESTAURANT
$1,210,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,160,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$845,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$660,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$585,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$525,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $1.02M (Oct 6 2023)
Last sale anchor
$1.02M
Oct 6 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
$129 / 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
$19,568
Tax year 2023
Assessed value
$741,100
Assessed 2023
Previous assessed
$741,100
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$80,000
Assessed improvement
$661,100
Land market value
$80,000
Improvement market value
$661,100
Total market value
$741,100
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 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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Heating
STEAM
Buildings
3
Total area
5,729 SF
Lot
0.23 ac (9,975 SF)
Zoning code
J
APN
16-28-23-23-0026
UPID
US46-0535211
Jurisdiction
RAMSEY
Zoning & alternative use
J · Saint Paul, MN
Zoning J · permitted uses
J · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$625,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
MEDICAL BUILDING
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$660,000
RETAIL STORES
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$525,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1955
Heating
STEAM
Buildings
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Highland Park Investments LLC
Entity
Mailing address
2718 UNIVERSITY AVE SE, MINNEAPOLIS, MN 55414-3210
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
—
Highland Park Investments LLC
—
Deed
related
$1,171,399 · Gateway Bank Fsb
Oct 6, 2023
$1,022,000
Highland Park Investments LLC
897 LLC
Warranty Deed
$783,400 · Merchants Bank
May 17, 2019
—
897 LLC
—
Deed
related
$2,000,000 · Commerce Bk
Jun 16, 2017
$510,000
897 LLC
Malocclusion Village LLC
Warranty Deed
$640,000 · Commerce Bk
Jun 16, 2016
—
Malocclusion Village LLC
—
Deed
related
$460,000 · Us Bk
May 4, 2016
$595,000
Malocclusion Village LLC
Csc Building LLC
Warranty Deed
—
Feb 22, 1999
$353,000
Csc Building LLC
1501 Partnership
Grant Deed
$300,000 · Csc Building LLC
—
—
897 LLC
—
Loan Modification
related
$2,000,000 · Commerce Bk
—
—
Malocclusion Village LLC
—
Deed Of Trust
related
$460,000 · Us Bk
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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