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    Property profile & analytics

    1517 16th SW St Rochester, MN 55902-1075

    • Hotels
    • 134,732 SF
    • 5.36 lot acres
    OFF-MARKET
    Value Estimation
    $720,000
    Last Sale
    Jul 24, 2020
    $696,000
    Location Intelligence
    Property ID
    US46-0807127
    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

    • Best Western / Hotel
    • Living Hope Church / Church
    • Best Western Rochester Hotel Mayo Clinic Area/St. Mary'S / Hotel
    • Empire Event Center / Event Venue
    • Wildwood Sports Bar and Grill / Sports Bar / American Restaurant

    Property Details for 1517 16th SW St

    Year built
    1977
    Lot size
    5.36 lot acres
    Property size
    134,732 SF
    Property type
    Hotels
    APN
    64.10.13.084421
    APU
    641013084421

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $700,000
      6.5%
      $655,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $595,000
      Geo Method
      $645,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $650,000
      Retail
      $600,000
      Mixed-Use
      $700,000
      Hospitality
      $710,000
      Educational
      $715,000
      Residential Income
      $695,000
      Energy
      $730,000
      Income-Based Land
      $590,000
      Food Service
      $605,000

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4845
    Latitude
    44.0025
    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
    $117,958
    $1,467,600
    $2,698,700
    $4,166,300
    -
    $1,467,600
    $2,698,700
    $4,166,300

    Comparable in this City

    • Value Estimation by Request
      1.16 Acres

      101 11th SW Ave

      HOTEL • 1.16 Acres
      101 11th SW Ave, Rochester, MN 55902-1913
      View Details
    • Value Estimation by Request
      64,038 SF

      831 16th SW St

      HOTEL • 64,038 SF
      831 16th SW St, Rochester, MN 55902-2145
      View Details
    • Value Estimation by Request
      188,055 SF

      101 1st SW Ave

      HOTEL • 188,055 SF
      101 1st SW Ave, Rochester, MN 55902-3135
      View Details
    • Value Estimation by Request
      423,328 SF

      7 1st SW Ave

      HOTEL • 423,328 SF
      7 1st SW Ave, Rochester, MN 55902-3033
      View Details
    • Value Estimation by Request
      150,144 SF

      401 6th SW St

      HOTEL • 150,144 SF
      401 6th SW St, Rochester, MN 55902-3223
      View Details
    • Value Estimation by Request
      15,980 SF

      1125 2nd SW St

      HOTEL • 15,980 SF
      1125 2nd SW St, Rochester, MN 55902-1936
      View Details

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    Similar Nearby for Lease

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      High-visibility retail space with drive-thru on a corner lot.
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    1517 16th SW St
    Rochester, MN 55902-1075
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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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