Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1245 Marion Rd SE Rochester, MN 55904

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1245 Marion Rd SE Rochester, MN 55904

    View on Map
    • Automotive properties
    • 1,812 SF
    • 0.62 lot acres
    For Lease
    View Listing →
    Industrial Single Tenant Space For Lease
    Contact for pricing
    1,600 SF

    Industrial Single Tenant Space

    Single tenant industrial space available for lease.

    1245 Marion Rd SE, Rochester, MN 55904
    View Listing
    Property ID
    US46-1149484
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Xcellent Auto / Car Dealership

    Property Details for 1245 Marion Rd SE

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.62 lot acres
    Property size
    1,812 SF
    Property type
    Automotive properties
    APN
    64.12.11.052446
    APU
    641211052446

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4406
    Latitude
    44.0063
    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
    $4,498
    $132,500
    $42,000
    $174,500
    -
    $132,500
    $42,000
    $174,500

    Comparable in this City

    • Value Estimation by Request
      4,400 SF

      2040 Hwy 14th E

      VEHICLE SALES, RENTALS • 4,400 SF
      2040 Hwy 14th E, Rochester, MN 55904-6752
      View Details
    • Value Estimation by Request
      1,179 SF

      704 12th SE St

      VEHICLE SALES, RENTALS • 1,179 SF
      704 12th SE St, Rochester, MN 55904-7460
      View Details
    • Value Estimation by Request
      3,344 SF

      211 19th SE St

      VEHICLE SALES, RENTALS • 3,344 SF
      211 19th SE St, Rochester, MN 55904-7981
      View Details
    • Value Estimation
      $570,000
      6,460 SF

      6430 Hwy 63rd S

      VEHICLE SALES, RENTALS • 6,460 SF
      6430 Hwy 63rd S, Rochester, MN 55904-8411
      View Details
    • Value Estimation by Request
      5,131 SF

      524 4th SE St

      VEHICLE SALES, RENTALS • 5,131 SF
      524 4th SE St, Rochester, MN 55904-7204
      View Details
    • Value Estimation by Request
      2,739 SF

      2187 30th SE Ave

      VEHICLE SALES, RENTALS • 2,739 SF
      2187 30th SE Ave, Rochester, MN 55904-2737
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3.97 Acres

      Highway Frontage Commercial Property

      4 acres with highway frontage suitable for various businesses.
      7450 Highway 14 E, Rochester, MN 55904
      View Details
    • Contact for pricing

      Freestanding Building with Large Parking

      918 SF building with 30+ parking spaces for sale.
      12 9Th St SE, Rochester, MN 55904
      View Details
    • Contact for pricing
      3,360 SF

      Rochester Retail Property on Hwy 14

      Retail property for sale with 3,360 square feet in Rochester.
      4210 Highway 14, Rochester, MN 55904
      View Details
    • Contact for pricing
      4,000 SF

      Flexible Commercial Building For Sale

      New commercial building with office and shop space for sale.
      1019 Chester Ave SE, Rochester, MN 55904
      View Details
    • Contact for pricing

      Commercial Package with Mixed-Use Buildings

      Commercial package featuring duplex and commercial buildings on approximately 1-acre lot.
      1004 15Th Ave SE, Rochester, MN 55904
      View Details
    • $3,350,000
      10,715 SF

      Retail Space with Drive-Thru

      Retail space available for rent with drive-thru in Rochester.
      221 28Th St SE, Rochester, MN 55904
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,775 SF

      Retail Spaces in Crossroads Center

      Three retail spaces for lease in established Rochester shopping center.
      1201 S Broadway, Rochester, MN 55904
      View Details
    • Contact for pricing

      Prime Retail Space in Rochester

      9,347 SF corner space in downtown Rochester available for rent.
      425 Broadway Ave S, Rochester, MN 55904
      View Details
    • Contact for pricing

      Retail Space Near Regional Complex

      Retail property with national anchors, near sports complex.
      Maine Ave Southeast, Rochester, MN 55904
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Near Sports Complex

      Retail space with high visibility near a regional sports complex.
      4601-4607 Maine Ave SE, Rochester, MN 55904
      View Details
    • Contact for pricing
      1,658 SF

      Retail Space Near Highway 63

      Retail space with highway access and diverse business mix.
      4662 Maine Ave SE, Rochester, MN 55904
      View Details
    View Listing
    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.
    1245 Marion Rd SE
    Rochester, MN 55904
    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

    Thank You for Inquiry

    1245 Marion Rd SE, Rochester, MN, 55904

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!