Property profile

15 16th NW Ave Rochester, MN 55901

OFF-MARKET
Strip malls
Property ID
US46-2846789
35,926 SF 5.45 ac lot Built 1979
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Total area 35,926 SF
Lot 5.45 ac (237,576 SF)
APN 74.34.42.083369
UPID US46-2846789

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15 16th NW Ave Rochester, MN 55901-5402
Rochester metro Census 500 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.18M
Blend (final) Blend
$1.63M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Medical building $2.7M +97.1%
Office building $2.2M +61.7%
Retail stores $2.1M +53.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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