845 TERRACE CT

PID: 302922440042· 2 fields stubbed (see below)

Property Overview

Parcel ID302922440042

Lot Size359,370 sq ft (8.350 ac)

Lot Dimensions (est.)508 ft wide × 708 ft deep

Year Built1981

Property ClassIND WAREHOUSE

OwnerFNLR COMPOUNDS MATTER LLC

Assessed Value$7,785,500

Land Value$1,771,600

Building Value$6,013,900

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

Saint Paul STAR Grants & LoansMedium

Saint Paul's Sales Tax Revitalization (STAR) program provides grants and loans for commercial, mixed-use, and neighborhood improvement projects. Applications accepted annually.

Saint Paul — STAR Program ↗

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

12 permits on record since 2015 · $718K total declared value · Most recent: May 2025 (fire engineering)

Fire EngineeringMay 2025Finaled

—

SECURITAS TECHNOLOGY CORPORATION

ElectricalMay 2025Active/Issued

$10K

SECURITAS TECHNOLOGY CORPORATION

ElectricalAug 2023Active/Issued

$1K

SETH HOLM HUNT ELECTRIC CORPORATION

ElectricalSep 2022Finaled

$301K

HORWITZ LLC

Building PermitAug 2022Active/Issued

$227K

Nations Roof, LLC

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Payne-Phalen District 5 Planning Council · Saint Paul

Median reported rent1,099/mo

Renter-occupied41.8%

Median home value$190K

Vacancy rate7.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 330

Zoning

I2General Industrial

General Industrial — medium-intensity manufacturing and processing

Typical Uses

·Manufacturing
·Wholesale trade
·Freight terminals
·Salvage yards
·Breweries

Max Height75 ft

Min Setbacks

Front

0 ft

Side

0 ft (6 ft if adj. residential)

Rear

0 ft (6 ft if adj. residential)

Development Potential

Setbacks

Front15 ft

Side (each)0 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width508 ft

Buildable depth693 ft

Area~318,540 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on mid-rise concrete (50+ units) benchmarks for 318,540 sqft buildable area.

Est. units

3185

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 UNASSIGNED	BNSF RAILWAY CO	RAILROAD REAL PROP USED IN OPERATION	$382,900	314 ft
401 PHALEN BLVD	HEALTHPARTNERS EASTSIDE BLDNG	MEDICAL OFFICE	$28,801,700	369 ft
0 TERRACE CT	ST PAUL PW TERRACE CT POND	EXEMPT, VACANT LAND	$13,700	409 ft
820 L'ORIENT ST	METROPOLITAN TRANSIT	EXEMPT PROP. OWNED BY MET COUNCIL	$42,614,900	543 ft
840 WESTMINSTER ST	BLAZE CREDIT UNION	OFFICE BUILDING 1-2 STORIES	$6,800,000	776 ft
0 UNASSIGNED	UNION PACIFIC RAILROAD COMPANY	RAILROAD REAL PROP USED IN OPERATION	$630,800	861 ft

Property History

Most Recent Sale

Date2024-08-13

Price$10,077,000

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount. See README for details on which sources are live vs. stubbed.