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    318 1st Ave SW Rochester, MN 55902

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    For Lease
    Contact for pricing

    Tailored office spaces with coworking and virtual office options.

    Type:Office
    Added:
    Mar 26, 2025
    Days on Market:
    377
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 318 1st Ave SW

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 318 1st Ave SW Contact us

    Virtual Office $3 /Mo

    Size
    Type
    Office
    Virtual office in 318 CommonsnTotal Monthly Rent: 195
    Contact us

    Flexible coworking membership $1.10 /Mo

    Size
    Type
    Office
    Unlimited coworking access in 318 CommonsnTotal Monthly Rent: 129
    Contact us

    Private office for 3 people $1.30 /Mo

    Size
    Type
    Office
    Fully serviced private office space for you and your team in 318 CommonsnTotal Monthly...
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    Contact us

    Private office for 5 people $1.87 /Mo

    Size
    Type
    Office
    All-inclusive access to professional office space for 5 persons in 318 CommonsnTotal...
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    Open plan office space for + 15 people $1.82 /Mo

    Size
    Type
    Office
    Open plan office space for 15 persons in 318 CommonsnTotal Monthly Rent: 2348
    Contact us

    Flexible office membership $2 /Mo

    Size
    Type
    Office
    Access professional office space in 318 CommonsnTotal Monthly Rent: 235
    Contact us

    Private office for 1 person $0.72 /Mo

    Size
    Type
    Office
    Professional office space in 318 Commons on fully flexible termsnTotal Monthly Rent:...
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    Private office for 2 people $1.04 /Mo

    Size
    Type
    Office
    Private office space for 2 persons in 318 CommonsnTotal Monthly Rent: 559
    Contact us

    Private office for 4 people $1.57 /Mo

    Size
    Type
    Office
    Private office space tailored to your business’ unique needs in 318 CommonsnTotal...
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    Open plan office space for + 10 people $1.75 /Mo

    Size
    Type
    Office
    All-inclusive access to professional office space for 10 persons in 318 CommonsnTotal...
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    Contact us

    Coworking space $0.73 /Mo

    Size
    Type
    Office
    Find a dedicated desk in 318 CommonsnTotal Monthly Rent: 239
    Contact us
    Show more

    We can help!

    Listing Contact
    Arizona Nevada 1 Regus US

    Listing agent Arizona Nevada 1 Regus US License #FLBO

    Listing office Regus

    Listing date Mar 26, 2025

    Source Crexi

    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 Regus

    Overview

    Global Network of Flexible Workspaces

    This property offers a global network of workspaces designed to accommodate various work styles and needs. The spaces range from 5 to 1000 square meters or more, and can be tailored to accommodate from 1 to 100 desks or more. Options include private, fully furnished, and equipped offices suitable for individuals or entire companies. These offices can be serviced or custom-designed, and disaster recovery spaces and day offices are also available. Coworking spaces provide a sociable environment in shared offices or open-plan areas, with options for reserved spaces or hot desking. Meeting rooms are available in various sizes and can be customized. Virtual office solutions offer business addresses in prime locations, mail handling, and professional virtual assistant services, including lounge use and access to offices. Flexible working plans provide unlimited access to a network of business lounges in city centers, airports, and stations, with options for private offices or coworking spaces for a set number of days per month.
    Location Intelligence

    Current Use by Public Records

    Johnson Melanie M ... Physician English Fluency Center Real Estate Agency alliance property management Property Management Company Olmsted Medical Center ... Medical Clinic 318 Commons Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4642871
    Latitude
    44.0199452

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    FAQs

    What type of property is this?
    Coworking space - Tailored office spaces with coworking and virtual office options.
    Where is this coworking space located?
    The property is located at 318 1st Ave SW Rochester, MN.
    What are key features of this property?
    This property features: Global network of over 3000 locations and 100,000 offices.; **Tailor‑built office spaces available from 1 to 100+ desks.**; Flexible working plans with access to business lounges worldwide.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Arizona Nevada 1 Regus US
    Real Estate License ID: FLBO
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    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
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