Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Occupied Investment Property Title is generated by Realmo AI

    2660 Superior Dr NW, Rochester, MN 55901

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Investment opportunity in NW Rochester, fully occupied with multiple suites.

    Type:Office
    Property size:
    4,734 SF
    Added:
    Oct 15, 2024
    Days on Market:
    597
    Last Refresh:
    May 12 at 11:00 pm

    Property Features for 2660 Superior Dr NW

    General Information

    Standard status
    Active
    Size
    4,734 SF
    Property subtype
    Office

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Jay Christenson

    Listing agent Jay Christenson License #MN 8272275

    Listing office LOAM Commercial Real Estate

    Listing date Oct 15, 2024

    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 LOAM Commercial Real Estate

    HighLights

    • Fully occupied investment property.
    • Prime location in NW Rochester, near Superior Dr.
    • Close proximity to Costco, Five West, and other businesses.
    • Multiple suites within the building.
    • Timed door locks for enhanced security.
    • Easy front door parking.

    Overview

    This is an opportunity to purchase a fully occupied investment property located in Northwest Rochester, Minnesota. The property is situated just off Superior Drive Northwest, in close proximity to Costco, Five West, and other businesses. The building encompasses a total area of 4734 square feet and features multiple suites. The property includes timed door locks and front door parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    GoRout (Bike/Boat/Book/etc) Store Capital General Contracting Construction Company Healent Acupuncture Medical Clinic Knight Barry Title Title Company revivalrochester Alternative Medicine Practice

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hair Salon Dental Office Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.5240866
    Latitude
    44.0514093

    Nearby Similar for Sale

    • $14
      4,000 SF

      Flexible Commercial Building For Sale

      New commercial building with office and shop space for sale.
      1019 Chester Avenue SE, Marion Twp, MN 55904
      View Details
    • $6,500,000

      Centrally Located Hotel and Restaurant

      Well-located hotel with attached Famous Dave’s BBQ and resort-style amenities, positioned for steady traveler demand.
      435 16th Avenue NW, Rochester, MN 55901
      View Details
    • $1,250,000

      Versatile Mixed-Use Estate Near Rochester

      7.58-acre mixed-use estate with residential, professional, and industrial structures.
      6906 38th Avenue SE, Pleasant Grove Twp, MN 55904
      View Details
    • $1,000,000

      Downtown Rochester Business Space Condo

      Premium business space in the heart of downtown Rochester.
      220 Broadway Ave S, Rochester, MN
      View Details
    • $3,500,000
      15,021 SF

      Northwest Gateway Office Investment

      Class A office space near Mayo Clinic.
      975 34th NW Ave, Rochester, MN
      View Details
    • $350,000

      Broadway Location Mixed-Use Property

      Commercial space with residential income potential in Rochester, Minnesota.
      917 Broadway Avenue N, Rochester, MN 55906
      View Details
    • $1,285,000

      Rochester Multifamily Investment Opportunity

      Seventeen condo units for sale, fully rented with cash flow.
      540 Northern Hills Drive NE, Rochester, MN 55906
      View Details
    • $2,500,000
      23,378 SF

      Versatile Industrial/Office Building in Rochester

      Adaptable space for manufacturing, warehousing, or commercial operations.
      2460 Marion Rd SE, Rochester, MN
      View Details
    • $3,200,000

      Class A Office Building For Sale

      Class A office building with strong tenant mix and location.
      975 34th Ave NW, Unit 3 & 4, Rochester, MN 55901
      View Details
    • $14,500,000

      Rochester Hotels Near Mayo Clinic

      Two independent hotels with repositioning potential near Mayo Clinic.
      1215 2nd Street Southwest Rochester, Minnesota, Rochester, Minnesota 55902
      View Details
    • $3,300,000
      7,522 SF

      Highway 52 Commercial Building

      7,522 SF commercial building with drive-thru on Highway 52.
      4107 US-52, Rochester, MN
      View Details
    • $1,699,000
      15,111 SF

      Versatile Commercial Property Near Downtown

      Adaptable space suitable for retail, warehouse, or mixed-use ventures.
      407 2nd Ave NW, Rochester, MN
      View Details

    FAQs

    What type of property is this?
    Office building - Investment opportunity in NW Rochester, fully occupied with multiple suites.
    Where is this office building located?
    The property is located at 2660 Superior Dr NW Rochester, MN.
    What are key features of this property?
    This property features: Fully occupied investment property.; Prime location in NW Rochester, near Superior Dr.; Close proximity to Costco, Five West, and other businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jay Christenson
    Real Estate License ID: MN 8272275
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2660 Superior Dr NW, Rochester, MN 55901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!