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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Hotels
1625 Broadway S Ave, Rochester, MN 55904-7995
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1221374
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1973
Total area
98,699 SF
Lot
3.7 ac (160,998 SF)
APN
64.11.42.008388
UPID
US46-1221374
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
-
Ramada by Wyndham Rochester Mayo Clinic Area Hotel & Motel
-
ATM Atm
-
Rochester Hotel & Suites - Mayo Clinic Area Hotel & Motel
-
Crooked Pint Ale House Bar & Pub Restaurant
-
Green Mill Restaurant & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.05M
Owner & transaction history
Med Town Hospitality LLC · 3 yrs held
Med Town Hospitality LLC
since 2022
Last sale
$35,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,520,000
Current use
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $35k (Oct 4 2024)
Last sale anchor
$35k
Oct 4 2024
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
$11 / 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
$102,966
Tax year 2023
Assessed value
$3,760,400
Assessed 2021
Previous assessed
$3,760,400
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$1,998,900
Assessed improvement
$1,761,500
Land market value
$1,998,900
Improvement market value
$1,761,500
Total market value
$3,760,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1973
Heating
NONE
Bathrooms
169
Total area
98,699 SF
Lot
3.7 ac (160,998 SF)
APN
64.11.42.008388
UPID
US46-1221374
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
HOTEL/MOTEL Current
Est. value
$1.5M
HOTEL/MOTEL Current
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
1973
Heating
NONE
Bathrooms
169
Lot
3.7 ac
Current owner
From public records · entity-resolved
Med Town Hospitality LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2431 S GOLF PL, WOODBURY, MN 55129-2303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
—
Med Town Hospitality LLC
Roa Rochester LLC
Lease
—
Aug 13, 2019
$4,600,000
Med Town Hospitality LLC
Access Point Financial LLC
Limited Warranty Deed
—
Aug 9, 2018
—
Access Point Financial LLC
Apf Mc LLC
Sheriffs Deed
related
—
Apr 26, 2013
$4,250,000
Wayzata Rochester 16 Hospitality As
Phoenix Hotel LLC
Warranty Deed
$3,709,600 · Access Point Financial INC
Mar 19, 2012
$4,800,000
Wayzata Rochester 16 Hospitality As
Phoenix Hotel LLC
Contract Sale
$3,800,000 · Phoenix Hotel LLC
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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