Flex Space with Highway
1820 14th St NW, Rochester, MN 55901
For Sale
$5,995,000
Flexible floor plans, common areas, and convenient route access support a range of commercial operations.
Property Size25,220 SF
Days on Market95
Property Features for 1820 14th St NW
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Utilities to Site
Additional Details
Furnished
Opportunity Zone
Sprinkler System
Amenities
Ample parking
Sophisticated common areas for collaboration
Building Details
Building Size
Year Built
Owner Occupied
Abandoned
Listed By:
AJ Hawkins · License MN #40439870
(507) 259-6556
Source:
Northrockre
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 4:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AJ Hawkins
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2016, this flex-space property at 1820 14th St NW combines contemporary design with adaptable floor plans and shared common areas. The building also offers parking and amenities suited to businesses seeking a flexible commercial setting.
The property is positioned near the HWY-52 and HWY-14 Interchange in Rochester, providing access to major transportation routes. Its exposure along HWY-52 is supported by reported traffic of 93,000 AADT, giving the building a prominent highway-facing presence. The configuration includes collaborative common areas and flexible interior planning for commercial users.
The property is positioned near the HWY-52 and HWY-14 Interchange in Rochester, providing access to major transportation routes. Its exposure along HWY-52 is supported by reported traffic of 93,000 AADT, giving the building a prominent highway-facing presence. The configuration includes collaborative common areas and flexible interior planning for commercial users.
Key Highlights
- 2016 construction
- Located near the HWY‑52 and HWY‑14 Interchange
- HWY‑52 exposure with 93,000 AADT
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,650
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,133,000
$4.1M
Cap Rate 7%
$2,952,143
$3.0M
Cap Rate 9%
$2,296,111
$2.3M
Market Conditions
NOI Build-Up for 25,220 SF
Gross rent
$332.9K $13.20/SF
− Vacancy
−$15.0K −$0.59/SF
EGI
$317.9K $12.61/SF
− OpEx
−$111.3K −$4.41/SF
NOI
$206.7K $8.19/SF
Area
Rochester, MN
Vacancy
4.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,133,000
Cap Rate 7%
$2,952,143
Cap Rate 9%
$2,296,111
Alternative Uses
Best Use
Flex RnD
$2.95M
$2.58M – $3.44M
NOI $206,650 @ 7.0% cap · market cap 3.45%
Second Best
Industrial
$2.19M
$1.92M – $2.56M
NOI $153,325 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$9.71M
$8.50M – $11.33M
NOI $679,947 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55901, MN
58,046
Population
24,852
Households
2.3
Avg Household Size
36
Median Age
50%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
1,754
Density / Sq Mi
$90,430
Median Household Income
$52,778
Median Earnings
$1,321
Median Rent
$290,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Hy-Vee Catering — 1315 6th St NW, Rochester, MN 55901
Frequently Asked Questions
What type of property is this?
Flex space - Flexible floor plans, common areas, and convenient route access support a range of commercial operations.
Where is this flex space located?
The property is located at 1820 14th St NW Rochester, MN.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: 2016 construction; Located near the HWY‑52 and HWY‑14 Interchange; HWY‑52 exposure with 93,000 AADT
