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Property profile & analytics
OFF-MARKET
Estimated value
$5,105,000
Industrial properties
953 Westgate Dr Saint Paul, MN 55114-1080
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US46-3201449
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Total area
71,472 SF
Lot
1.37 ac (59,547 SF)
Zoning code
Q
APN
29-29-23-32-0041
UPID
US46-3201449
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
$6.52M
Blend (final)
Blend
$5.11M
Owner & transaction history
Midway Center Westgate LLP · 22 yrs held
Midway Center Westgate LLP
since 2003
7 recorded transactions
Zoning & alternative use
Q · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.2M
+70.3%
Office building
$7.8M
+61.9%
Retail stores
$7.3M
+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)
$4,835,000
Current use
WAREHOUSE, STORAGE
$8,235,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$7,825,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$7,305,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$5.11M
Range $4.59M – $5.62M · ±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
$71 / 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
$183,714
Tax year 2023
Assessed value
$7,051,300
Assessed 2023
Previous assessed
$5,175,000
+36.3% YoY
Effective rate
2.61%
On assessed value
Assessed land
$619,300
Assessed improvement
$6,432,000
Land market value
$619,300
Improvement market value
$6,432,000
Total market value
$7,051,300
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1991
Heating
STEAM
Buildings
3
Total area
71,472 SF
Lot
1.37 ac (59,547 SF)
Zoning code
Q
APN
29-29-23-32-0041
UPID
US46-3201449
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
$4.8M
WAREHOUSE, STORAGE
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.8M
RETAIL STORES
Est. value
$7.3M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1991
Heating
STEAM
Buildings
3
Lot
1.37 ac
Current owner
From public records · entity-resolved
Midway Center Westgate LLP
Entity
Mailing address
953 WESTGATE DR STE #109, SAINT PAUL, MN 55114-1080
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
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
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
Feb 4, 2003
$3,240,000
Glen Burnie Venture LLC
First Industrial Securities LP
Grant Deed
$2,970,000 · First Industrial Securities LP
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
—
Loan Modification
related
$312,516 · Bridgewater Bk
—
—
Midway Center Westgate LLP
—
Deed Of Trust
related
$200,000 · Bridgewater Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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