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Property profile & analytics
OFF-MARKET
Estimated value
$5,490,000
Industrial land
953 Westgate Dr, Saint Paul, MN 55114-1080
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-0997389
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
1.8 ac (78,408 SF)
Zoning code
Q
APN
29-29-23-23-0022
UPID
US46-0997389
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
$5.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.49M
Owner & transaction history
Key Westgate LLC · 5 yrs held
Key Westgate LLC
since 2021
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
Q · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,815,000
ML approach
$5,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.49M
Range $4.94M – $6.04M · ±10% · vs last sale $6.00M (Apr 2 2021)
Last sale anchor
$6.00M
Apr 2 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
—
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
$25,262
Tax year 2023
Assessed value
$820,500
Assessed 2023
Previous assessed
$713,500
+15.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$820,500
Land market value
$820,500
Total market value
$820,500
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
1.8 ac (78,408 SF)
Zoning code
Q
APN
29-29-23-23-0022
UPID
US46-0997389
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.
Building & site characteristics
From public records
Heating
NONE
Lot
1.8 ac
Current owner
From public records · entity-resolved
Key Westgate LLC
Entity
Free & Clear · 5 yrs held
Mailing address
953 WESTGATE DR STE #109, SAINT PAUL, MN 55114-1080
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2021
$6,000,000
Key Westgate LLC
Phm Gateway LLC
Limited Warranty Deed
—
Mar 31, 2021
$6,000,000
Key Westgate LLC
Phh Gateway LLC
Limited Warranty Deed
—
Oct 2, 2020
$500
Phm Gateway LLC
Midway Center Westgate LLP
Quit Claim Deed
related
—
Jun 20, 2017
—
Midway Center Westgate LLP
—
Deed
related
$2,400,000 · Miscellaneous Ins Co
Jun 13, 2017
—
Midway Center Westgate LLP
—
Deed
related
$2,400,000 · Miscellaneous Ins Co
Aug 29, 2016
—
Midway Center Westgate LLP
—
Deed
related
$312,516 · Bridgewater Bk
Aug 15, 2016
—
Midway Center Westgate LLP
—
Deed
related
$312,516 · Bridgewater Bk
Oct 7, 2003
$3,475,000
Midway Center Westgate LLP
Glen Burnie Venture LLC
Grant Deed
$2,625,000 · Dougherty Funding LLC
Sep 25, 2003
$3,475,000
Midway Center Westgage LLP
Glen Burnie Venture LLC
Grant Deed
$2,625,000 · Dougherty Funding LLC
Jan 30, 2003
$299,697
Glen Burnie Venture LLC
First Industrial Securities LP
Grant Deed
$2,970,000 · First Industrial Securities LP
Jan 31, 2000
—
Industrial Securities LP First
First Industrial LP
Quit Claim Deed
related
—
Mar 3, 1998
$50,000
Industrial LP First
First Industrial Financing LP
Quit Claim Deed
related
—
—
—
Midway Center Westgate LLP
—
Deed Of Trust
related
$200,000 · Bridgewater Bank
—
—
Midway Center Westgate LLP
—
Deed Of Trust
related
$200,000 · Bridge Bk Nat'l
—
—
Midway Center Westgate LLP
—
Deed Of Trust
related
$2,900,000 · Ohio National Life Ins Co
—
—
Midway Center Westgate LLP
—
Deed Of Trust
related
$2,900,000 · Ohio National Life Ins Co
—
—
Midway Center Westgate LLP
—
Loan Modification
related
$312,516 · Bridgewater Bk
—
—
Midway Center Westgate LLP
—
Loan Modification
related
$2,400,000 · Miscellaneous Ins Co
—
—
Midway Center Westgate LLP
—
Loan Modification
related
$2,400,000 · Miscellaneous Ins Co
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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