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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Retail space
937 Grand Ave, Saint Paul, MN 55105-3015
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0843728
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1913
Construction
WOOD FRAME
Total area
5,424 SF
Lot
0.14 ac (5,968 SF)
Zoning code
L
APN
02-28-23-31-0080
UPID
US46-0843728
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
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$635k
Owner & transaction history
Elite Recovery LLC · 3 yrs held
Elite Recovery LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
L · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$910,000
+64.2%
Medical building
$800,000
+44.1%
Warehouse, storage
$625,000
+12.7%
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
$600,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$800,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$625,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$595,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$595,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $750k (Sep 29 2021)
Last sale anchor
$750k
Sep 29 2021
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
$117 / 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
$31,168
Tax year 2023
Assessed value
$889,800
Assessed 2023
Previous assessed
$937,100
-5.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$240,000
Assessed improvement
$649,800
Land market value
$240,000
Improvement market value
$649,800
Total market value
$889,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1913
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Total area
5,424 SF
Lot
0.14 ac (5,968 SF)
Zoning code
L
APN
02-28-23-31-0080
UPID
US46-0843728
Jurisdiction
RAMSEY
Zoning & alternative use
L · Saint Paul, MN
Zoning L · permitted uses
L · 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
RETAIL STORES Current
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$910,000
MEDICAL BUILDING
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$625,000
OFFICE BUILDING
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$595,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1913
Construction
WOOD FRAME
Heating
STEAM
Buildings
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Elite Recovery LLC
Entity
Mailing address
1663 CELIA RD, MENDOTA HEIGHTS, MN 55118-3604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
—
Elite Recovery LLC
937 Grand LLC
Lease
$381,000 · Amplio Economic Development Corpora
Sep 29, 2021
$750,000
937 Grnd LLC
Five Hole Properties LLC
Warranty Deed
$460,000 · Merchants Bank NA
Jun 6, 2016
$675,000
Five Hole Properties LLC
Centeno,maximiliano & Susan
Warranty Deed
$580,000 · Bank Of America
Feb 17, 2012
$675,000
Five Hole Properties LLC
Centeno,maximiliano & Susan
Dual Purpose Document
$650,000 · Maximiliano & Susan Centeno
Nov 3, 2011
$500
Maximiliano Centeno
Summers,tracie M & Stewart N
Quit Claim Deed
related
—
Mar 4, 2008
$672,550
Stuart Summers
Summers,stuart & Tracie M
Grant Deed
related
—
Dec 19, 2007
$672,550
Tracie M Summers
Hoffman,jasmine D
Grant Deed
—
Jul 28, 2006
$45,800
Tracie Summers
Centeno,maximiliano & Susan
Warranty Deed
—
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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