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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
990 Payne Ave, Saint Paul, MN 55130-3987
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0564561
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1902
Total area
29,484 SF
Lot
0.31 ac (13,504 SF)
Zoning code
L
APN
29-29-22-13-0183
UPID
US46-0564561
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
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$555k
Owner & transaction history
990 Payne Avenue LLC · 5 yrs held
990 Payne Avenue LLC
since 2020
Last sale
$515,000
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
$495,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $515k (Jan 24 2020)
Last sale anchor
$515k
Jan 24 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
$19 / 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
$13,104
Tax year 2023
Assessed value
$1,143,100
Assessed 2023
Previous assessed
$683,200
+67.3% YoY
Effective rate
1.15%
On assessed value
Assessed land
$135,000
Assessed improvement
$1,008,100
Land market value
$135,000
Improvement market value
$1,008,100
Total market value
$1,143,100
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
1902
Heating
HOT WATER
Buildings
2
Total area
29,484 SF
Lot
0.31 ac (13,504 SF)
Zoning code
L
APN
29-29-22-13-0183
UPID
US46-0564561
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.
Building & site characteristics
From public records
Year built
1902
Heating
HOT WATER
Buildings
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
990 Payne Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
804 MARGARET ST, SAINT PAUL, MN 55106-5019
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
Latino Economic Development Center
—
Deed
related
$60,000 · City Of Saint Paul
Dec 3, 2024
—
Latino Economic Development Center
—
Deed
related
$1,200,000 · Propel Nonprofits
Jul 29, 2020
$582,879
990 Payne Avenue LLC
Sheriff Of Ramseycounty
Grant Deed
—
Jul 27, 2020
—
Phoenix Coml Prop LLC
—
Deed
related
$300,000 · Sibmin INC
Jul 14, 2020
—
4820 Minnetonka LLC
—
Deed
related
$17,000 · Brait Commercial LLC
Jan 24, 2020
$509,192
Sunrise Bk
Sheriff Of Ramsey County|990 Payne Avenue LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Nov 12, 2019
$500
4820 Minnetonka LLC
990 Payne Ave LLC
Quit Claim Deed
related
—
Jan 17, 2018
—
990 Payne Ave LLC
—
Deed
related
$150,000 · Latino Economic Dev Center
Jan 3, 2018
—
990 Payne Ave LLC
—
Deed
related
$150,000 · Latino Economic Dev Ctr
Jul 15, 2013
$290,000
990 Payne Ave LLC
Us Bk National Assn
Quit Claim Deed
related
$200,000 · Paul Donald G Living Trust
Jun 22, 2012
$78,721
Us Bk National Assn
Sheriff Of Ramsey County
Trustees Deed
related
—
Feb 28, 1999
—
Peter A Amundson
Boogren,russell A & Beverly A
Grant Deed
$360,000 · Seller
Jan 27, 1999
—
Peter A Asmundson
Boogren,russell A & Beverly
Grant Deed
$360,000 · Seller
—
—
Flores Nationwide Inv INC
—
Deed Of Trust
related
$50,000 · East Side Neighborhood Dev Co
—
—
Phoenix Coml Prop LLC
—
Deed Of Trust
related
$300,000 · Sibmin INC
—
—
4820 Minnetonka LLC
—
Deed Of Trust
related
$17,000 · Brait Commercial LLC
—
—
990 Payne Ave LLC
—
Deed Of Trust
related
$150,000 · Latino Economic Dev Ctr
—
—
990 Payne Ave LLC
—
Deed Of Trust
related
$150,000 · Latino Economic Dev Center
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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