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    273 Penny Ln NE Rochester, MN

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    For Sale
    $4,900,000

    New storage facility with 31 units in NE location.

    Property size:
    29,370 SF
    Lot size:
    2.01 Acres

    Property Features for 273 Penny Ln NE

    General Information

    Size
    29,370 SF
    Lot size
    2.01 Acres

    Source: Fort Inc Agent Darin Groteboer

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

    Overview

    New Storage Facility with Options

    This new storage facility, constructed in 2022, features 31 storage spaces suitable for various purposes, including general storage, vehicle storage, or garage use. The property offers multiple options for rental based on market demand. Situated in a northeast location, the property is in new condition. The building has a foundation size of 29,370 square feet and is located on a 1.69-acre lot. It is connected to public sewer and water systems. The property is equipped with radiant floor heating and separate meters. The intended use of the property is storage, warehouse, or specialty purposes.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.5098914
    Latitude
    44.0780552

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    FAQs

    What type of property is this?
    Self storage facility - New storage facility with 31 units in NE location.
    Where is this self storage facility located?
    The property is located at 273 Penny Ln NE Rochester, MN.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: - New storage facility built in 2022, offering modern construction and minimal maintenance.; - 31 storage units provide immediate rental income potential.; - Versatile rental options including standard storage, car storage, and potential 'den' spaces.
    (619) 977-1785
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    273 Penny Ln NE Rochester, MN
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    Rochester, MN
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    Realmo Value Estimation

    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.

    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.

    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
    273 Penny Ln NE Rochester, MN
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