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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Medical Office Space
15 7th NW Ave Rochester, MN 55901-6222
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-1447806
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1961
Total area
4,828 SF
Lot
0.05 ac (2,004 SF)
APN
74.35.34.012816
UPID
US46-1447806
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kopper Family Dental: Kopper Kevin DDS Dental Office
-
Praska orthodontics Dental Office
-
Kopper Family Dental Dental Office
-
TC Lab Dental Office
-
Dr. Kevin Kopper Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Anthony L Lund · 5 yrs held
Anthony L Lund
since 2021
Last sale
$562,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$410,000
+12.8%
Commercial (general)
$365,000
+0.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rochester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$605,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$365,000
Current use
AUTO REPAIR, GARAGE
$410,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$365,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $562k (Jan 8 2021)
Last sale anchor
$562k
Jan 8 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,092
Tax year 2023
Assessed value
$123,500
Assessed 2021
Previous assessed
$123,500
+0.0% YoY
Effective rate
6.55%
On assessed value
Assessed land
$66,900
Assessed improvement
$56,600
Land market value
$66,900
Improvement market value
$56,600
Total market value
$123,500
Applied tax rate
2,303.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1961
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
4
Total area
4,828 SF
Lot
0.05 ac (2,004 SF)
APN
74.35.34.012816
UPID
US46-1447806
Jurisdiction
OLMSTED
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$365,000
AUTO REPAIR, GARAGE
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$365,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
FORCED AIR
Cooling
Yes
Bathrooms
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
Anthony L Lund
Individual
Mailing address
15 7TH AVE NW, ROCHESTER, MN 55901-6222
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
—
Anthony L Lund
Anthony L Lund
Intrafamily Transfer
related
$562,000 · Anthony L Lund Etux
Mar 4, 2014
$562,000
Kevin M Kopper
Anthony L Lund
Contract Sale
$562,000 · Anthony L Lund Etux
Mar 18, 2013
$375,000
Charles E Praska
Anthony L Lund
Contract Sale
$375,000 · Anthony L Lund Etux
Mar 18, 2013
—
Anthony L Lund
Steven J Truax
Re-recorded Document
related
—
Dec 20, 2012
$375,000
Charles E Praska
Anthony L Lund
Contract Sale
$375,000 · Anthony L Lund Etux
Apr 14, 2008
—
Anthony L Lund
Lloyd H Truax
Deed
—
Dec 15, 2005
—
Lions Pride Properties LLC
Robyn R Loewen
Correction Deed
related
$1,211,610 · Merchants Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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