Flexible Office Space For
For Sale
Contact for pricing
3253 19th St NW, Rochester, MN 55901
Office space in prime location available for purchase.
Property Size3,705 SF
Price / SF$241.57
Days on Market214
Property Features for 3253 19th St NW
General Information
Standard status
Active
Size
3,705 SF
Property subtype
Office
Listing Agency:
Hamilton Real Estate Group
Listed By:
Ryan Nolander · License #40703857
(507) 781-1002
Source:
Crexi
Added: Mar 6
Changed: Sep 26
Last Checked: Oct 5 at 4:13PM
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 Hamilton Real Estate Group
Investment Insights
Based on property information with market context.
This commercial real estate offering features flexible office space. The property encompasses 3705 square feet and is located in a prime location. It is suitable for office use.
Key Highlights
- Flexible office space
- Prime location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,274
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,480
$1.4M
Cap Rate 7%
$975,343
$975.3K
Cap Rate 9%
$758,600
$758.6K
Market Conditions
NOI Build-Up for 3,705 SF
Gross rent
$100.0K $27.00/SF
− Vacancy
−$9.0K −$2.43/SF
EGI
$91.0K $24.57/SF
− OpEx
−$22.8K −$6.14/SF
NOI
$68.3K $18.43/SF
Area
Rochester, MN
Vacancy
9.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,480
Cap Rate 7%
$975,343
Cap Rate 9%
$758,600
Alternative Uses
Best Use
Office B
$975.3K
$853.4K – $1.14M
NOI $68,274 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,889 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Balanced
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office space - Office space in prime location available for purchase.
Where is this office space located?
The property is located at 3253 19th St NW Rochester, MN.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Flexible office space; Prime location
