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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Retail space
99 Maryland W Ave Saint Paul, MN 55117-4528
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1112893
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Total area
13,597 SF
Lot
0.34 ac (14,854 SF)
Zoning code
M
APN
19-29-22-33-0089
UPID
US46-1112893
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
$1.53M
Blend (final)
Blend
$1.19M
Owner & transaction history
U S Bank National 2006 Pwr13 Tr · 8 yrs held
U S Bank National 2006 Pwr13 Tr
since 2017
7 recorded transactions
Zoning & alternative use
M · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.6M
+12.7%
Office building
$1.5M
+7.1%
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
RETAIL STORES
$1,390,000
Current use
WAREHOUSE, STORAGE
$1,565,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,490,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,250,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$87 / 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
$40,834
Tax year 2023
Assessed value
$1,145,100
Assessed 2023
Previous assessed
$1,200,000
-4.6% YoY
Effective rate
3.57%
On assessed value
Assessed land
$178,600
Assessed improvement
$966,500
Land market value
$178,600
Improvement market value
$966,500
Total market value
$1,145,100
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
1988
Heating
HOT WATER
Buildings
3
Total area
13,597 SF
Lot
0.34 ac (14,854 SF)
Zoning code
M
APN
19-29-22-33-0089
UPID
US46-1112893
Jurisdiction
RAMSEY
Zoning & alternative use
M · Saint Paul, MN
Zoning M · permitted uses
M · 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
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RETAIL STORES Current
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
1988
Heating
HOT WATER
Buildings
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
U S Bank National 2006 Pwr13 Tr
Entity
Free & Clear · 8 yrs held
Mailing address
563 PHALEN BLVD, SAINT PAUL, MN 55130-5303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2019
—
Sun Ents LLC
—
Deed
related
$2,775,000 · Frandsen Bk&tr
Jul 27, 2017
$3,892
U S Bank National 2006 Pwr13 Tr
Sheriff Of Ramsey County|horn Mn LLC
Trustees Deed
related
—
Jun 23, 2004
$3,765,000
Mark Horn
Double Dragon Building INC
Warranty Deed
—
Jun 23, 2004
$515
Horn Mn LLC
Horn,mark & Linda
Trustees Deed
related
$2,850,000 · Associated Bank
Sep 5, 2001
$2,585,000
Double Dragon Building INC
Rice & Maryland Center Partner
Grant Deed
$1,551,000 · Bank Of The West
—
—
Sun Ents LLC
—
Deed Of Trust
related
$2,775,000 · Frandsen Bk&tr
—
—
Horn Mn LLC
—
Deed Of Trust
related
$3,600,000 · Wells Fargo 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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