Retail
For Sale
Contact for pricing
3993 Heritage Pl NW, Rochester, MN 55901
Substantial retail premises with a 31,920-square-foot footprint for commercial use.
Property Size31,920 SF
Price / SF$270.76
Days on Market221
Property Features for 3993 Heritage Pl NW
General Information
Standard status
Active
Size
31,920 SF
Property subtype
Mixed Use, Office
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2009
Buildings
1
Tenancy
Single
Listing Agency:
Core Real Estate Group
Listed By:
Chad Behnken · License #40937342
(507) 251-7667
Source:
Crexi
Added: Mar 10
Changed: Oct 7
Last Checked: Oct 14 at 10:26PM
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 Core Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property comprises 31,920 square feet of commercial space. The asset is located at 3993 Heritage Place NW in Rochester, Minnesota, within the 55901 ZIP code.
Key Highlights
- 31,920 SF of retail space
- Located at 3993 Heritage Place NW, Rochester, MN 55901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$359,286
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,185,720
$7.2M
Cap Rate 7%
$5,132,657
$5.1M
Cap Rate 9%
$3,992,067
$4.0M
Market Conditions
NOI Build-Up for 31,920 SF
Gross rent
$528.6K $16.56/SF
− Vacancy
−$15.3K −$0.48/SF
EGI
$513.3K $16.08/SF
− OpEx
−$154.0K −$4.82/SF
NOI
$359.3K $11.26/SF
Area
Rochester, MN
Vacancy
2.90%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,185,720
Cap Rate 7%
$5,132,657
Cap Rate 9%
$3,992,067
Alternative Uses
Best Use
Retail
$5.13M
$4.49M – $5.99M
NOI $359,286 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.29M
$10.76M – $14.34M
NOI $860,584 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
285k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Dining 23%
Groceries 17%
Shops & Services 11%
Costco Wholesale
Superstores
108,269 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
27,085 visits/mo
0.4 miles
Aldi
Groceries
25,100 visits/mo
0.2 miles
Cub Foods
Groceries
24,697 visits/mo
0.4 miles
McDonald's
Dining
24,125 visits/mo
0.2 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Substantial retail premises with a 31,920-square-foot footprint for commercial use.
Where is this retail space located?
The property is located at 3993 Heritage Pl NW Rochester, MN.
What is the asking price?
The asking price for this property is $8,642,710.
What are key features of this property?
This property features: 31,920 SF of retail space; Located at 3993 Heritage Place NW, Rochester, MN 55901
