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Property profile & analytics
OFF-MARKET
Estimated value
$3,215,000
Office buildings
902 7th St, Saint Paul, MN 55102
Entity Owned
~
Est. High Equity
Property ID
US46-1873057
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1937
Total area
35,804 SF
Lot
1.89 ac (82,416 SF)
APN
12-28-23-23-0137
UPID
US46-1873057
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
$3.23M
Blend (final)
Blend
$3.22M
Owner & transaction history
928 W 7th LLC
928 W 7th LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.3M
+34.6%
Warehouse, storage
$4.1M
+5.2%
Apartment house (5+ units)
$4.0M
+0.8%
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
OFFICE BUILDING
$3,920,000
Current use
MEDICAL BUILDING
$5,275,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$4,125,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,950,000
Change: +1% · Conversion: Easy
RETAIL STORES
$3,660,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$3.22M
Range $2.89M – $3.54M · ±10%
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
$90 / 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
$115,784
Tax year 2023
Assessed value
$3,506,500
Assessed 2023
Previous assessed
$3,506,500
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$618,200
Assessed improvement
$2,888,300
Land market value
$618,200
Improvement market value
$2,888,300
Total market value
$3,506,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1937
Heating
NONE
Total area
35,804 SF
Lot
1.89 ac (82,416 SF)
APN
12-28-23-23-0137
UPID
US46-1873057
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
OFFICE BUILDING Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1937
Heating
NONE
Lot
1.89 ac
Current owner
From public records · entity-resolved
928 W 7th LLC
Entity
Mailing address
930 SOUTHVIEW BLVD, SOUTH SAINT PAUL, MN 55075-2220
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2026
$2,625,000
928 W 7th LLC
Skh Spe LLC
Deed
$2,174,000 · Sunrise Bank
May 4, 2026
$2,625,000
928 W 7th LLC
Skh Spe LLC
Special Warranty Deed
$2,174,000 · Sunrise Bank
Feb 6, 2024
$3,795,330
Skh Spe LLC
Schmidt Keg House Holding LLC
Correction Deed
related
—
Jan 23, 2024
—
Skh Spe LLC
Schmidt Keg House Holding LLC
Sheriffs Deed
related
—
Jan 19, 2024
$3,795,330
Skh Spe LLC
Schmidt Keg House Holding LLC
Sheriffs Deed
related
—
Oct 20, 2023
—
Skh Spe LLC
Schmidt Keg House Holdings LLC
Warranty Deed
—
Jun 4, 2020
—
Schmidt Keg House Holding LLC
—
Deed
related
$93,450 · Midwestone Bk
Aug 20, 2019
—
Schmidt Keg House Holding LLC
—
Deed
related
$200,000 · Housing & Redev Authority/the
Aug 8, 2019
—
Schmidt Keg House Holdings LLC
—
Deed
related
$200,000 · Housing & Redevelopment Authority Of The
Mar 20, 2017
$550,000
Schmidt Keg House Holding LLC
West 7th Fort Rd Federation INC
Limited Warranty Deed
$1,528,789 · Pam Schmidt Keg House LLC
Mar 20, 2017
$566,666
Schmidt Keg House Holding LLC
West 7th Fort Road Federation INC
Limited Warranty Deed
$8,120,000 · Midwestone Bank
Oct 20, 2014
$550,000
Schmidt Keg House LLC|west 7th Of Fort Road Federa
West 7th Of Fort Road Federation
Dual Purpose Document
related
$100,000 · West 7th/fort Road Federation
Oct 15, 2014
$550,000
Schmidt Keg House LLC
West 7th Of Fort Road Federation
Dual Purpose Document
related
$450,000 · West 7th/fort Road Federation
—
—
Schmidt Keg House Holding LLC
—
Deed Of Trust
related
$200,000 · Housing & Redev Authority/the
—
—
Schmidt Keg House Holding LLC
—
Deed Of Trust
related
$93,450 · Midwestone 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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