Financial
Distress signals
Property profile

835 38Th St NW Rochester, MN 55901

FOR LEASE
Retail space
Property ID
US46-1346477
19,207 SF 1.21 ac lot Built 1994
Last sale Jun 2021 · $1,950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$52k
Tax billed · 2023
Assessed value · 2021$1.27M
Assessed land$317k
Assessed improvement$956k
Effective rate4.10%

Value estimate

· Sep 2026
$1.81M
$1.62M – $1.99M
AI approach$2.12M
Sales comparison$2.39M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$161/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$73 – $261

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOLMSTED

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant33.0
Realty agency30.6
Building Supply28.2

Location

835 38Th St NW Rochester, MN 55901
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Rochester, MN 55901 $3,200,000 Dec 2025 12,182 SF
4181 31st NW, Rochester, MN 55901-5403 $1,000,000 Jul 2025 7,415 SF
4229 Hwy 52nd N, Rochester, MN 55901-4310 $2,300,000 Oct 2024 10,844 SF
331 16th NW, Rochester, MN 55901-2298 $925,000 Feb 2024 12,444 SF
945 37th NW, Rochester, MN 55901-7765 $1,213,500 Oct 2022 10,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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