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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Warehouses
S Saint Paul, MN 55075
Entity Owned
13-yr Hold
Free & Clear
Property ID
US46-1017588
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
CONCRETE
Total area
24,000 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R
APN
36-02700-87-010
UPID
US46-1017588
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
$1.52M
Blend (final)
Blend
$1.52M
Owner & transaction history
Kellner Property Holdings LLC · 13 yrs held
Kellner Property Holdings LLC
since 2012
7 recorded transactions
Zoning & alternative use
R · 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
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
$2,455,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$63 / 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
$37,574
Tax year 2023
Assessed value
$1,182,000
Assessed 2022
Previous assessed
$1,182,000
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$245,600
Assessed improvement
$936,400
Land market value
$245,600
Improvement market value
$936,400
Total market value
$1,182,000
Applied tax rate
36.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Total area
24,000 SF
Lot
1.13 ac (49,223 SF)
Zoning code
R
APN
36-02700-87-010
UPID
US46-1017588
Jurisdiction
DAKOTA
Zoning & alternative use
R · Saint Paul, MN
Zoning R · permitted uses
R · 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
Est. value
$2.5M
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
1984
Construction
CONCRETE
Heating
NONE
Lot
1.13 ac
Current owner
From public records · entity-resolved
Kellner Property Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
460 VILLAUME AVE, SOUTH SAINT PAUL, MN 55075-2443
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2016
—
Kellner Property Holdings LLC
—
Deed
related
$935,000 · Us Bk
Aug 15, 2012
—
Kellner Property Holdings LLC
Kellner Mary M Trust
Quit Claim Deed
—
Aug 30, 2011
—
Kellner,mary M Trust
Kellner Joseph M Trust
Quit Claim Deed
related
—
Sep 29, 2009
—
Joseph M Kellner
Abc Rental INC
Quit Claim Deed
related
—
Mar 30, 2004
—
Mary M Kellner
—
Trustees Deed
related
$100,000 · Bremer Bank NA
—
—
Kellner Property Holdings LLC
—
Deed Of Trust
related
$648,822 · Associated Bk
—
—
Kellner Mary M Trust
—
Deed Of Trust
related
$520,000 · Associated Bank
—
—
Kellner Property Holdings LLC
—
Deed Of Trust
related
$935,000 · Us Bk
—
—
Kellner Mary M Trust
—
Deed Of Trust
related
$60,000 · Associated Bank
—
—
Kellner Mary M Trust
—
Deed Of Trust
related
$188,000 · Associated 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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