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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Turn key restaurants
967 7th W St, Saint Paul, MN 55102-3519
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0666050
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1914
Construction
WOOD FRAME
Total area
2,552 SF
Lot
0.11 ac (4,922 SF)
Zoning code
L
APN
11-28-23-14-0183
UPID
US46-0666050
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$570k
Owner & transaction history
Phi Ghay Thai Cuisine Of Mn · 6 yrs held
Phi Ghay Thai Cuisine Of Mn
since 2020
Last sale
$590,000
7 recorded transactions
Zoning & alternative use
L · 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
$570,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$540,000
Current use
AUTO REPAIR, GARAGE
$515,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $590k (Jan 21 2020)
Last sale anchor
$590k
Jan 21 2020
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
$223 / 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
$13,468
Tax year 2023
Assessed value
$511,500
Assessed 2023
Previous assessed
$437,200
+17.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$74,400
Assessed improvement
$437,100
Land market value
$74,400
Improvement market value
$437,100
Total market value
$511,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1914
Construction
WOOD FRAME
Heating
ELECTRIC
Buildings
2
Total area
2,552 SF
Lot
0.11 ac (4,922 SF)
Zoning code
L
APN
11-28-23-14-0183
UPID
US46-0666050
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
RESTAURANT Current
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$515,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1914
Construction
WOOD FRAME
Heating
ELECTRIC
Buildings
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Phi Ghay Thai Cuisine Of Mn
Individual
Mailing address
967 7TH ST W, SAINT PAUL, MN 55102-3519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2020
$590,000
Phi Ghay Thai Cuisine Of Mn
Me Holdings LLC
Warranty Deed
$790,000 · Bankvista
Jul 24, 2018
$500
Me Holdings LLC
Cohen,craig
Quit Claim Deed
related
—
Jul 24, 2018
$540,000
Rexis LLC
Highbridge 967 LLC
Warranty Deed
related
$405,000 · First Nat'l Bk/waseca
May 16, 2018
$540,000
Rexis LLC
967 Highbridge LLC
Grant Deed
related
—
Mar 27, 2017
$500
Highbridge 967 LLC
967 West 7th St LLC
Quit Claim Deed
related
$315,000 · Venture Bk
Jan 15, 2008
—
967 West 7th St LLC
Cohen,craig
Quit Claim Deed
related
$165,000 · Plaza I INC
Aug 22, 2006
$185,000
Craig Cohen
Seventh Investments INC
Warranty Deed
—
Aug 7, 2002
—
Seventh Investments INC
Sharifkhani,majtaba
Quit Claim Deed
related
—
—
—
967 West 7th St LLC
—
Loan Modification
related
$300,000 · Summit Community Bank NA
—
—
967 West 7th St LLC
—
Deed Of Trust
related
$310,000 · Summit Community Bank NA
—
—
967 West 7th St LLC
—
Deed Of Trust
related
$10,000 · Summit Community Bank NA
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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