Contact for pricing 656 SF available

1221 3Rd Ave SW, Rochester, MN 55902
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This second-floor office unit is located within Stone Crossing Business Center and provides 250 square feet of space for professional office use. The business center is situated just off Highway 14 E, with access to the Downtown Rochester area. The property includes ample parking for employees and visitors, and the unit layout is configured as an easily accessible workspace suitable for ongoing business operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?

$33k

Tax billed · 2023

Assessed value · 2021$1.15M

Assessed land$216k

Assessed improvement$938k

Effective rate2.86%

Value estimate

· Oct 2026

$1.09M

$981k – $1.20M

Submarket $/SF estimate$1.09M

NOI build-up

Gross scheduled income$18k

Vacancy & credit loss−$2k

Operating expenses−$4k

NOI · 53,940.21% cap applied$12k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$157/SF

Submarket average, outlier-cleaned · 45 recorded sales of this use type

Observed band · Q1–Q3$95 – $218

Cap rate analysis

How does the asset earn?

53,940.21%

$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

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: Convenience Store

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Convenience Store10.3

HVAC Service9.9

Electrical Service9.8

1221 3Rd Ave SW Rochester, MN 55902

County assessor Recorded deeds · 3 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 · 12 properties nearby

Address Sale price Sold Size

3014 Allegro Park SW, Rochester, MN 55902-4162 $1,208,333 Apr 2025 4,950 SF

210 1st SW, Rochester, MN 55902 $4,500,000 Sep 2024 6,840 SF

2560 2nd SW, Rochester, MN 55902-4306 $2,755,000 Dec 2022 8,004 SF

2200 2nd SW, Rochester, MN 55902-0824 $695,000 May 2022 11,992 SF

1301 Frontage Rd Salem SW, Rochester, MN 55902-4312 $5,350,000 Dec 2021 21,728 SF

3006 Allegro Park SW, Rochester, MN 55902-4159 $1,950,000 Aug 2021 10,455 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

Value Estimation
$1,160,000

8,838 SF

1544 Greenview SW Dr

OFFICE BUILDING

1544 Greenview SW Dr, Rochester, MN 55902-4322

View Details
Value Estimation
$2,000,000

10,455 SF

3006 Allegro Park SW Ln

OFFICE BUILDING

3006 Allegro Park SW Ln, Rochester, MN 55902-4159

View Details
Value Estimation
$550,000

11,240 SF

1652 Greenview SW Dr

OFFICE BUILDING

1652 Greenview SW Dr, Rochester, MN 55902-4219

View Details
Value Estimation
$4,500,000

6,840 SF

210 1st SW Ave

OFFICE BUILDING

210 1st SW Ave, Rochester, MN 55902

View Details
Value Estimation
$705,000

11,992 SF

2200 2nd SW St

OFFICE BUILDING

2200 2nd SW St, Rochester, MN 55902-0824

View Details
Value Estimation
$1,805,000

13,485 SF

2001 2nd SW St

OFFICE BUILDING

2001 2nd SW St, Rochester, MN 55902-4156

View Details

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1221 3Rd Ave SW Rochester, MN 55902

Property summary