Financial
Distress signals
Property profile

3535 40Th Ave NW Rochester, MN 55901

FOR LEASE
Office buildings
Property ID
US46-1384066
61,296 SF 5.3 ac lot Built 2000
Last sale Oct 2019 · $2,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is configured as office space with a wide-open interior layout and windows on multiple sides for natural light. It includes building elevator access, and the space features full glass frontage on multiple sides.

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.

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?
$281k
Tax billed · 2023
Assessed value · 2021$9.08M
Assessed land$1.85M
Assessed improvement$7.23M
Effective rate3.10%

Value estimate

· Sep 2026
$8.19M
$7.37M – $9.00M
Submarket $/SF estimate$9.38M
NOI build-up
Gross scheduled income$118k
Vacancy & credit loss−$11k
Operating expenses−$27k
NOI · 577,178.57% cap applied$81k

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?
577,178.57%
$81k estimated NOI · market benchmarks for this use type

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

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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.5
Electrical Service10.1
Auto Repair Shop9.6

Location

3535 40Th Ave NW Rochester, MN 55901
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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1016 Civic Ctr NW, Rochester, MN 55901-1881 $196,000 Nov 2024 41,736 SF
1027 7th NW, Rochester, MN 55901-2666 $1,400,000 Apr 2024 14,712 SF
2746 Superior NW, Rochester, MN 55901-8343 $2,900,000 Dec 2023 19,983 SF
300 11th NW, Rochester, MN 55901-2739 $5,350,000 Oct 2023 38,616 SF
1610 14th NW, Rochester, MN 55901-0229 $925,000 Oct 2021 12,771 SF
2900 43rd NW, Rochester, MN 55901-4293 $4,130,000 Dec 2020 25,864 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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