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    Property profile & analytics

    1245 Eastgate Dr Rochester, MN 55904

    • Retail properties
    • 1,560 SF
    • 0.97 lot acres
    For Lease
    View listing
    $30 SF/Yr
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US46-1143529
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • First Credit / Car Dealer
    • El Nayarita / Mexican Restaurant

    Property Details for 1245 Eastgate Dr

    Year built
    1998
    Lot size
    0.97 lot acres
    Property size
    1,560 SF
    Property type
    Retail properties
    APN
    64.01.44.052429
    APU
    640144052429

    Description

    This exceptional 1,560 square foot mixed-use building, located at 1245 Eastgate Dr SE in Rochester, Minnesota (zip code 55904), presents a compelling investment opportunity. Constructed in 1998, this single-story, Class C building offers a versatile space ideal for office, retail, or showroom use. The property features a spacious, open floor plan, providing flexibility for various business configurations. Adding to its functionality are two adaptable auto bays at the rear, suitable for warehouse storage or other specialized needs. Ample parking is available with 30 spaces in the large lot, ensuring convenience for both employees and clients. The building's prime location, conveniently situated off Marion Rd and Hwy 14 E, provides excellent visibility and accessibility, maximizing exposure to potential customers. The property is zoned commercial (APN: 640144052429) and boasts a single tenancy. This well-maintained building represents a rare opportunity to acquire a functional and strategically located commercial property in a thriving Rochester market. The property's combination of office and potential warehouse space makes it suitable for a wide range of businesses. Don't miss this chance to secure a valuable asset in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $350,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $355,000
      Mixed-Use
      $345,000
      Hospitality
      $345,000
      Educational
      $305,000
      Residential Income
      $270,000
      Energy
      $330,000
      Income-Based Land
      $300,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4401
    Latitude
    44.0076
    CBSA code
    40340
    CBSA name
    ROCHESTER, MN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,844
    $338,000
    $14,900
    $352,900
    -
    $338,000
    $14,900
    $352,900

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    1245 Eastgate Dr
    Rochester, MN 55904
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    Realmo Value Estimation

    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.

    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.

    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
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