Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3703 Fairway Pl Rochester, MN 55901

    Sponsored
    For Sale
    Contact for pricing

    Spacious Daycare, 4205 sq ft, 3.31 acres

    Property size:
    11,944 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    350
    This exceptional commercial property in Rochester, Minnesota, presents a unique leasing opportunity. Located at 3703 Fairway Place NW, this fully built-out daycare facility offers approximately 4,205 square feet of exclusive-use space, ideal for early childhood education or similar programs. The interior features five bright, spacious classrooms, each equipped with child-sized restrooms for enhanced safety and convenience. A dedicated nursery is also included, catering to the needs of infants. Lessees benefit from an additional 5,025 square feet of shared-use space, encompassing a large, versatile multi-purpose room perfect for various activities and gatherings. The property's 3.31-acre lot provides ample green space and a fenced playground, ensuring a secure and engaging outdoor environment for children. Shared amenities within the building include access to a kitchen and the aforementioned multi-purpose room, further enhancing the functionality of the space. This turnkey facility, situated within Community Presbyterian Church, is perfectly suited for non-profit organizations and early childhood providers seeking a ready-to-use space. The property's total square footage is 11,944 square feet, offering significant potential for growth and expansion. This is a rare opportunity to lease a well-equipped facility in a desirable location, ready for immediate occupancy and poised to serve the community's needs. The asking price is $6,500.

    Property Features for 3703 Fairway Pl

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,944 SF
    Lot Size
    144,184 SF

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Matthew Gove

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.51894
    Latitude
    44.08064

    Nearby Similar for Sale

    • New
      $2,199,000
      3.11 Acres

      Rochester Church with Redevelopment Potential

      Church property on 3+ acres near Highway 52 and Mayo Clinic.
      1727 Walden Ln SW, Rochester, MN 55902
      View Details
    • $6,500,000
      4.04 Acres

      Rochester MN Hotel Opportunity

      Centrally located Rochester, MN hotel near Mayo Clinic.
      435 16Th Ave NW, Rochester, MN 55901
      View Details
    • $1,500,000
      7.58 Acres

      Versatile Estate Near Rochester

      7.5+ acre estate with house, office, and outbuildings.
      6910 38Th Ave SE, Rochester, MN 55904
      View Details
    • Contact for pricing
      25,000 SF

      Rochester Multifamily Investment Opportunity

      28-unit apartment complex near Mayo Clinic's $5B project.
      1901 26Th Ave Northwest, Rochester, MN 55901
      View Details
    • $2,572,592
      2,970 SF

      NNN Leased US Bank

      NNN leased US Bank with 7+ years remaining.
      3376 Northern Valley Pl NE, Rochester, MN 55906
      View Details
    • Contact for pricing
      131,752 SF

      Rochester Retail Institution For Sale

      Grocery-anchored shopping center near Mayo Clinic with strong tenant mix.
      1315 6Th St NW, Rochester, MN 55901
      View Details
    • Contact for pricing
      25,727 SF

      Modern Office Space in Rochester

      Versatile office space in a rapidly growing Rochester sector.
      3038 Jeremiah Ln NW, Rochester, MN 55901
      View Details
    • $3,500,000
      15,021 SF

      Northwest Gateway Office Investment

      Class A office space near Mayo Clinic.
      975 34Th Ave NW, Rochester, MN 55901
      View Details
    • Contact for pricing
      29,108 SF

      Downtown Rochester Redevelopment Opportunity

      Prime location near Mayo Clinic and University of Minnesota Rochester.
      323 S Broadway Ave, Rochester, MN 55906
      View Details
    • $325,000
      1,465 SF

      Professional Condo Near Downtown

      Condo with five offices, parking, and modern finishes.
      300 3Rd Ave SE, Rochester, MN 55902
      View Details
    • $434,500
      2,925 SF

      Move-in Ready Townhome with Wet Bar

      Spotless 3-bedroom, 3-bath townhome with high-end finishes and updates.
      2308 Coral Ct NE, Rochester, MN 55906
      View Details
    • $1,900,000
      15,111 SF

      Versatile Commercial Property Near Downtown

      Adaptable space suitable for retail, warehouse, or mixed-use ventures.
      407 2Nd Ave NW, Rochester, MN 55902
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Spacious Daycare, 4205 sq ft, 3.31 acres
    Where is this commercial real estate located?
    The property is located at 3703 Fairway Pl Rochester, MN.
    What is the asking price?
    The asking price for this property is $6,500.
    (507) 289-8000
    Request Owner's contact information
    3703 Fairway Pl Rochester, MN 55901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3703 Fairway Pl
    Rochester, MN 55901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3703 Fairway Pl Rochester, MN 55901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Matthew Gove
    (507) 289-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.