Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1005 6th NW St Rochester, MN 55901

    • Bars
    • 5,700 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1317585
    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

    • Forager Cafe / Cafe & Coffee Shop
    • Forager Cafe (Inside Forager Brewery) / Cafe & Coffee Shop
    • Forager Brewery and Cafe / Cafe & Coffee Shop

    Property Details for 1005 6th NW St

    Year built
    1968
    Lot size
    0.30 lot acres
    Property size
    5,700 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    74.35.23.003912
    APU
    743523003912

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4783
    Latitude
    44.0296
    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
    $21,110
    $121,700
    $472,800
    $594,500
    -
    $121,700
    $472,800
    $594,500

    Comparable in this City

    • Value Estimation
      $780,000
      6,795 SF

      1991 Commerce NW Dr

      BAR, TAVERN • 6,795 SF
      1991 Commerce NW Dr, Rochester, MN 55901-3316
      View Details
    • Value Estimation
      $820,000
      10,361 SF

      2775 43rd NW St

      BAR, TAVERN • 10,361 SF
      2775 43rd NW St, Rochester, MN 55901-6894
      View Details
    • Value Estimation
      $4,000,000
      5,156 SF

      3794 Marketplace NW Dr

      BAR, TAVERN • 5,156 SF
      3794 Marketplace NW Dr, Rochester, MN 55901-3193
      View Details
    • Value Estimation by Request
      4,507 SF

      2001 32nd NW Ave

      BAR, TAVERN • 4,507 SF
      2001 32nd NW Ave, Rochester, MN 55901-8321
      View Details
    • Value Estimation
      $1,080,000
      6,476 SF

      432 16th NW Ave

      BAR, TAVERN • 6,476 SF
      432 16th NW Ave, Rochester, MN 55901-1860
      View Details
    • Value Estimation by Request
      4,836 SF

      300 1st NW Ave, Unit 2

      BAR, TAVERN • 4,836 SF
      300 1st NW Ave, Rochester, MN 55901-2830
      View Details

    Similar Nearby for Sale

    • $875,000
      2,566 SF

      Corner Lot in Lowertown District

      Redevelopment opportunity near Mayo Clinic and downtown Rochester.
      11 5Th St NW, Rochester, MN 55901
      View Details
    • $6,500,000
      4.04 Acres

      Rochester MN Hotel Opportunity

      Centrally located Rochester, MN hotel near Mayo Clinic.
      435 16Th Ave NW, Rochester, MN 55901
      View Details
    • Contact for pricing
      131,752 SF

      Rochester Retail Institution For Sale

      Grocery-anchored shopping center near Mayo Clinic with strong tenant mix.
      1315 6Th St NW, Rochester, MN 55901
      View Details
    • $10,370,000
      22,362 SF

      Rochester Retail Center Investment

      High-traffic retail center, strong anchors.
      3780 Marketplace Dr, Rochester, MN 55901
      View Details
    • Contact for pricing
      116,168 SF

      Rochester Retail Office Space for Lease

      Furnished Office, Low-Maintenance Lease
      3470 55Th St, Rochester, MN 55901
      View Details
    • Contact for pricing
      1.50 Acres

      Rochester Development Opportunity

      Prime retail, multifamily land. Shovel-ready Fall 2024.
      55th 18Th Ave, Rochester, MN 55901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,900 SF

      Prime Retail/Restaurant Space in Rochester

      High-traffic location, 1,391 sq ft available
      2040 Viking Dr, Rochester, MN 55901
      View Details
    • Contact for pricing
      12,800 SF

      West Circle Drive Retail Space

      Rochester, MN Retail Plaza - 1,000-12,800 SF
      0 Sarah Pl, Rochester, MN 55901
      View Details
    • $19 SF/Yr
      109,168 SF

      Miracle Mile Office Space Investment

      Rochester, MN: Versatile Office & Retail
      115 16Th Ave, Rochester, MN 55901
      View Details
    • $17 SF/Yr
      2,520 SF

      Retail Space in Lowertown District

      Standalone commercial building in Rochester's thriving Lowertown retail district.
      608 7Th St NW, Rochester, MN 55901
      View Details
    • $19 SF/Yr
      5,481 SF

      Turn-Key Retail Space Available

      Retail space in a busy shopping hub near Highway 52.
      24-44 17Th Ave NW, Rochester, MN 55901
      View Details
    • $27 SF/Yr
      975 SF

      Retail/Office Space with Private Entrance

      975 sqft retail or office space with front-door parking.
      5231 E Frontage Rd, Rochester, MN 55901
      View Details

    Property Visit Statistics

    • Visits by month
      59.1k
    • Visitors by month
      34.3k
    • Avg Time on site
      7 min
    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.
    1005 6th NW St
    Rochester, MN 55901
    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

    Google sign-in failed. Please try again or use another login method.