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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Manufacturing properties
945 Pierce Butler Rte Saint Paul, MN 55104-1523
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0045359
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1952
Total area
32,670 SF
Lot
1.25 ac (54,319 SF)
Zoning code
Q
APN
26-29-23-34-0006
UPID
US46-0045359
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
$2.31M
Blend (final)
Blend
$2.23M
Owner & transaction history
Pb Industrial LLC · 7 yrs held
Pb Industrial LLC
since 2019
7 recorded transactions
Zoning & alternative use
Q · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+61.9%
Retail stores
$3.3M
+51.1%
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
INDUSTRIAL (GENERAL)
$2,210,000
Current use
OFFICE BUILDING
$3,575,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$3,340,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$68 / 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
$67,892
Tax year 2023
Assessed value
$2,997,000
Assessed 2023
Previous assessed
$1,974,400
+51.8% YoY
Effective rate
2.27%
On assessed value
Assessed land
$326,000
Assessed improvement
$2,671,000
Land market value
$326,000
Improvement market value
$2,671,000
Total market value
$2,997,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1952
Heating
NONE
Buildings
3
Total area
32,670 SF
Lot
1.25 ac (54,319 SF)
Zoning code
Q
APN
26-29-23-34-0006
UPID
US46-0045359
Jurisdiction
RAMSEY
Zoning & alternative use
Q · Saint Paul, MN
Zoning Q · permitted uses
Q · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.3M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1952
Heating
NONE
Buildings
3
Lot
1.25 ac
Current owner
From public records · entity-resolved
Pb Industrial LLC
Entity
Mailing address
6390 CARLSON DR, EDEN PRAIRIE, MN 55346-1727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Mar 19, 2020
—
Pb Industrial LLC
—
Deed
related
$1,405,764 · Bremer Bk Nat'l Assn
Mar 12, 2019
$1,446,500
Pb Industrial LLC
Danro Investments LLC
Trustees Deed
$1,289,142 · Bremer Bk
Jan 31, 2019
$1,446,500
Pb Industrial LLC
Danro Investments LLC
Grant Deed
related
—
Aug 24, 2018
—
Danro Investments LLC
—
Grant Deed
related
$2,575,000 · Drake Bk
Jun 7, 2018
—
Danro Investments LLC
—
Deed
related
$300,000 · Drake Bk
May 14, 2018
—
Danro Investments LLC
—
Deed
related
$1,300,000 · Drake Bk
Nov 7, 2017
—
Danro Investments LLC
—
Loan Modification
related
$1,300,000 · Drake Bk
Oct 12, 2006
$1,500,000
Danro Investments LLC
Jrn LLC
Warranty Deed
$775,000 · Community Resource Bank
—
—
Danro Investments LLC
—
Deed Of Trust
related
$637,000 · Spedco
—
—
Danro Investments LLC
—
Deed Of Trust
related
$603,000 · Drake Bk
—
—
Danro Investments LLC
—
Deed Of Trust
related
$603,000 · Drake Bk
—
—
Danro Investments LLC
—
Deed Of Trust
related
$2,880,250 · Drake Bk
—
—
Danro Investments LLC
—
Deed Of Trust
related
$2,880,250 · Drake Bk
—
—
Danro Investments LLC
—
Deed Of Trust
related
$300,000 · Drake Bk
—
—
Pb Industrial LLC
—
Loan Modification
related
$1,405,764 · Bremer Bk Nat'l Assn
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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