Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    835 38Th St NW Rochester, MN 55901

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Centrally located office, showroom, and warehouse building with flexible floorplan.

    Lot size:
    1.21 Acres

    Property Features for 835 38Th St NW

    General Information

    Lot size
    1.21 Acres

    We can help!

    Listing Contact
    Jeff Brown
    Source: Moodyscre

    Listing Agency: North Rock Real Estate - Rochester Listing Agent: Jeff Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rochester Commercial Building For Rent

    Located at the northwest corner of 37th Street NW and West Riverparkway NW, this property offers convenient access to Highway 52, Highway 63, and downtown Rochester (Mayo Clinic), all within a short drive. The property is situated adjacent to the City of Rochester's Development Services and Infrastructure Center, as well as the Rochester Police Department. Nearby retailers include Hy-Vee, Starbucks, Wells Fargo, Enterprise, and Circle K, along with numerous local restaurants and service businesses. This centrally located building is suitable for office, showroom, and warehouse use. It features a flexible floor plan that can accommodate various users. The property benefits from ample parking and easy access to both Highway 52 and Highway 63. With MX-G zoning, a variety of commercial and industrial uses are permitted. The property has a size of 19207 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arnold's, a Kleen-Tech Company General Contractor

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Northwest Storage

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4756312
    Latitude
    44.0625433

    Nearby Similar for Lease

    • New
      Contact for pricing

      MN, Rochester - 318 Commons

      Discover many ways to work your way in MN, Rochester - 318 Commons
      318 1St Ave, Rochester, MN 55902
      View Details
    • Contact for pricing

      Prime Retail/Restaurant Space Available

      2,580 RSF retail/restaurant space in a 250-room hotel.
      101 11Th Ave Southwest, Rochester, MN 55902
      View Details
    • $14 SF/Yr

      Rochester Office and Flex Space

      Office and flex space in downtown Rochester near Mayo Clinic.
      15 Civic Center Dr NE, Rochester, MN 55901
      View Details
    • $14 SF/Yr

      Prime Retail/Office Space Available

      Highly visible Rochester location suitable for retail or office tenants.
      1710 37Th St Northwest, Rochester, MN 55901
      View Details
    • $22 SF/Yr

      Prime Office Space Near Mayo

      High-visibility office space with amenities in downtown Rochester.
      1101 2Nd St Southwest, Rochester, MN 55902
      View Details
    • $25 SF/Yr

      South Broadway Retail Opportunity

      Established retail space in a high-traffic commercial corridor.
      221 28Th St SE, Rochester, MN 55904
      View Details
    • Contact for pricing

      Class A Office Sublease Opportunity

      Furnished office space with shared amenities in premier location.
      2048 Superior Dr Northwest, Rochester, MN 55901
      View Details
    • $18 SF/Yr

      Modern Office Space in Rochester

      Premier office spaces with modern facilities in a thriving location.
      975 34Th Avenue Ct Northwest, Rochester, MN 55901
      View Details
    • $25 SF/Yr
      2,190 SF

      Prime Corner Retail with Drive-Thru

      High-visibility retail space with drive-thru on a corner lot.
      209 E Center St, Rochester, MN 55902
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Near Sports Complex

      Retail space with high visibility near a regional sports complex.
      4601-4607 Maine Ave SE, Rochester, MN 55904
      View Details
    • Contact for pricing
      1,658 SF

      Retail Space Near Highway 63

      Retail space with highway access and diverse business mix.
      4662 Maine Ave SE, Rochester, MN 55904
      View Details
    • Contact for pricing

      Retail Space in Barlows Plaza

      Endcap retail suite with high visibility and signage opportunities.
      1111 Civic Center Dr NW, Rochester, MN 55901
      View Details

    FAQs

    What type of property is this?
    Warehouse - Centrally located office, showroom, and warehouse building with flexible floorplan.
    Where is this warehouse located?
    The property is located at 835 38Th St NW Rochester, MN.
    What are key features of this property?
    This property features: - Easy access to HWY 52 and HWY 63.; - Centrally located for office, showroom, and warehouse use.; - MX-G Zoning allows for a variety of commercial/industrial uses.
    (952) 607-7886 Call to check price and availability
    Request Owner's contact information
    835 38Th St NW 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.
    835 38Th St NW
    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
    835 38Th St NW 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Brown
    Real Estate License ID: #40172933
    (952) 607-7886 (507) 218-8588 (507) 516-7131
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!