Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    908 Ashland Ave Saint Paul, MN 55104-7042

    • Apartment buildings
    • 15,024 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $1,335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0107834
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 908 Ashland Ave

    Year built
    1923
    Lot size
    0.14 lot acres
    Property size
    15,024 SF
    Zone code
    E
    Property type
    Apartment buildings
    APN
    02-28-23-24-0045
    APU
    22823240045

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,368,000
      Market price range: $1.06M - $1.93M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,495,000
      Current use
      MEDICAL BUILDING
      $2,215,000
      Change: +48% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,730,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $1,645,000
      Change: +10% Conversion: Moderate
      RETAIL STORES
      $1,535,000
      Change: +3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1385
    Latitude
    44.9436
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,184
    $280,000
    $1,483,700
    $1,763,700
    -
    $280,000
    $1,483,700
    $1,763,700

    Comparable in this City

    • Value Estimation
      $1,090,000
      12,096 SF

      1726 Ashland Ave

      APARTMENT HOUSE (5+ UNITS) • 12,096 SF
      1726 Ashland Ave, Saint Paul, MN 55104-6130
      View Details
    • Value Estimation
      $1,185,000
      12,096 SF

      1696 Ashland Ave

      APARTMENT HOUSE (5+ UNITS) • 12,096 SF
      1696 Ashland Ave, Saint Paul, MN 55104-6146
      View Details
    • Value Estimation
      $730,000
      7,224 SF

      1815 Ashland Ave

      APARTMENT HOUSE (5+ UNITS) • 7,224 SF
      1815 Ashland Ave, Saint Paul, MN 55104-6043
      View Details
    • Value Estimation
      $540,000
      5,184 SF

      1895 Minnehaha W Ave

      APARTMENT HOUSE (5+ UNITS) • 5,184 SF
      1895 Minnehaha W Ave, Saint Paul, MN 55104-1034
      View Details
    • Value Estimation
      $1,320,000
      12,576 SF

      227 Montrose Pl

      APARTMENT HOUSE (5+ UNITS) • 12,576 SF
      227 Montrose Pl, Saint Paul, MN 55104-5651
      View Details
    • Value Estimation
      $1,470,000
      15,440 SF

      683 Hague Ave

      APARTMENT HOUSE (5+ UNITS) • 15,440 SF
      683 Hague Ave, Saint Paul, MN 55104-6967
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,560 SF

      Saint Paul Multifamily Investment Opportunity

      Thirteen one-bedroom apartments with garages and recent upgrades.
      195 Lexington Pkwy N, Saint Paul, MN 55104
      View Details
    • Contact for pricing
      6,120 SF

      6-Unit Apartment Near Concordia University

      Fully occupied apartment building with strong rental income potential.
      1232 Marshall Ave, Saint Paul, MN 55104
      View Details
    • $1,449,000
      Pending

      Renovated Multifamily Investment Opportunity

      Three renovated buildings with 15 units near Allianz Field.
      412 Pierce St N, Saint Paul, MN 55104
      View Details
    • $629,000
      0.10 Acres

      Saint Paul Brick Apartment Building

      Well-maintained 5-unit apartment building in prime St. Paul location.
      269 Oxford St N, Saint Paul, MN 55104
      View Details
    • $799,900
      0.12 Acres

      Saint Paul Multifamily Investment Opportunity

      Multifamily property near Concordia University with long-term investment potential.
      1232 Marshall Ave, Saint Paul, MN 55104
      View Details
    • Contact for pricing
      9,882 SF

      Extensively Improved Multifamily Asset

      12-unit multifamily property with recent capital improvements and stabilized operations.
      107 Fairview Ave N, Saint Paul, MN 55104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Richards Gordon School Building

      Architecturally significant school building in Saint Paul available for rent.
      1619 Dayton Ave, Saint Paul, MN 55104
      View Details
    • Contact for pricing

      University Avenue Mixed-Use Property

      Located on University Avenue, revitalized area, ample parking.
      1955 University Ave W, Saint Paul, MN 55104
      View Details
    • Contact for pricing
      20,015 SF

      Saint Paul Office Space Available

      20,015 SF office space with highway access.
      635 Prior Ave North, Saint Paul, MN 55104
      View Details
    • Contact for pricing

      Saint Paul Office Space Available

      Office space for lease in Saint Paul, Minnesota.
      570 Asbury St, Saint Paul, MN 55104
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Saint Paul, Minnesota.
      704 University Ave, Saint Paul, MN 55104
      View Details
    • Contact for pricing

      Midway Neighborhood Office Complex

      Office complex in Saint Paul's Midway Neighborhood available for rent.
      1000 University Ave W, Saint Paul, MN 55104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    908 Ashland Ave
    Saint Paul, MN 55104-7042
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!