Fully Leased Office
For Sale
$5,300,000
7540 SW Airport View Drive SW, Rochester, MN 55902
Commercial Sale, Rochester, MN
Property Size22,320 SF
Lot Size2.48 Acres
Price / SF$237.46
Days on Market80
Property Features for 7540 SW Airport View Drive SW
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Business/Commercial
Parking features
Parking Lot, Driveway
Subdivision
City Lands
Lot features
Underground Utilities
High school district
Stewartville
Directions
Highway 63 South to County Rd 16 SW exit, turn West to Airport View Dr, turn South to the property.
Standard status
Active
APN
541041045308
Lot size
2.48 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
96344
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2008
Building materials
Frame
Listing Agency:
Re/Max Results · RE/MAX International
(507) 288-1111
Listed By:
Daniel Groteboer
(952) 829-2900
Added: Jul 29
Changed: Oct 8
Last Checked: Oct 16 at 12:06PM
MLS# 7119529
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 2008, this single-story office building contains 22,320 square feet on a 2.48-acre parcel. The property is fully leased and has an established tenant in place. Heating is provided by forced air, with central air conditioning, and parking is available on site.
The property is adjacent to Rochester International Airport and offers access to major roads and highways.
The property is adjacent to Rochester International Airport and offers access to major roads and highways.
Key Highlights
- 22,320‑square‑foot office building on 2.48 acres
- Fully leased with an established tenant in place
- Built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$411,302
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,226,040
$8.2M
Cap Rate 7%
$5,875,743
$5.9M
Cap Rate 9%
$4,570,022
$4.6M
Market Conditions
NOI Build-Up for 22,320 SF
Gross rent
$602.6K $27.00/SF
− Vacancy
−$54.2K −$2.43/SF
EGI
$548.4K $24.57/SF
− OpEx
−$137.1K −$6.14/SF
NOI
$411.3K $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%
$8,226,040
Cap Rate 7%
$5,875,743
Cap Rate 9%
$4,570,022
Alternative Uses
Best Use
Office B
$5.88M
$5.14M – $6.86M
NOI $411,302 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.60M
$7.52M – $10.03M
NOI $601,761 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 55902, MN
25,878
Population
11,954
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
41.1 sq mi
ZIP Area
630
Density / Sq Mi
$111,879
Median Household Income
$68,869
Median Earnings
$1,580
Median Rent
$430,100
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
Frequently Asked Questions
What type of property is this?
Office building - A single-story office property with an established tenant and on-site parking.
Where is this office building located?
The property is located at 7540 SW Airport View Drive SW Rochester, MN.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 22,320‑square‑foot office building on 2.48 acres; Fully leased with an established tenant in place; Built in 2008
