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    Property profile & analytics

    1628 2nd SE Ave Rochester, MN 55904-7905

    • Manufacturing properties
    • 4,330 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    Feb 04, 2022
    $420,000
    Location Intelligence
    Property ID
    US46-1198403
    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

    • Rochester Auto Service / Auto Repair Shop
    • Ans Transportation, Llc / Transportation Service / Medical Transcription Service

    Property Details for 1628 2nd SE Ave

    Year built
    1963
    Lot size
    0.25 lot acres
    Property size
    4,330 SF
    Property type
    Manufacturing properties
    APN
    64.11.41.008224
    APU
    641141008224

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $495,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $510,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $500,000
      Retail
      $460,000
      Mixed-Use
      $415,000
      Hospitality
      $540,000
      Educational
      $510,000
      Residential Income
      $495,000
      Energy
      $480,000
      Income-Based Land
      $540,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4599
    Latitude
    43.999
    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
    $10,176
    $32,700
    $273,300
    $306,000
    -
    $32,700
    $273,300
    $306,000

    Comparable in this City

    • Value Estimation
      $325,000
      3,785 SF

      1619 3rd SE Ave

      MANUFACTURING (LIGHT) • 3,785 SF
      1619 3rd SE Ave, Rochester, MN 55904-7945
      View Details
    • Value Estimation
      $445,000
      11,676 SF

      1700 Eastwood SE Rd

      MANUFACTURING (LIGHT) • 11,676 SF
      1700 Eastwood SE Rd, Rochester, MN 55904-5165
      View Details
    • Value Estimation by Request
      116,993 SF

      225 Woodlake SE Dr

      MANUFACTURING (LIGHT) • 116,993 SF
      225 Woodlake SE Dr, Rochester, MN 55904-5530
      View Details
    • Value Estimation
      $435,000
      10,640 SF

      32 Woodlake SE Dr

      MANUFACTURING (LIGHT) • 10,640 SF
      32 Woodlake SE Dr, Rochester, MN 55904-5506
      View Details
    • Value Estimation
      $220,000
      400 SF

      5 80th SE St

      PROCESSING PLANT (CEMENT, GRAVEL) • 400 SF
      5 80th SE St, Rochester, MN 55904-8435
      View Details
    • Value Estimation
      $320,000
      3,258 SF

      Rochester, MN 55904

      MANUFACTURING (LIGHT) • 3,258 SF
      Rochester, MN 55904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      High-yield, 80-unit multifamily investment.
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      2.15 Acres

      Prime Rochester Commercial Land

      2.15-Acre Vacant Lot, Ideal Location
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      Rochester Restaurant & Bar for Sale

      Turnkey operation in high-traffic area.
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    Similar Nearby for Lease

    • $2,500,000
      23,378 SF

      Versatile Industrial/Office Building in Rochester

      Adaptable space for manufacturing, warehousing, or commercial operations.
      2460 Marion Rd SE, Rochester, MN 55904
      View Details
    • $6 SF/Yr
      54,406 SF

      Marion Road Industrial Space

      Rochester, MN: 54,406 SF Flex Space
      2450 Marion Rd, Rochester, MN 55904
      View Details
    • $18 SF/Yr
      97,000 SF

      Downtown Rochester Office Space

      97,000 SF Office Building, 35,819 SF Vacant
      206 Broadway Ave, Rochester, MN 55904
      View Details
    • $204 SF/Yr
      8,484 SF

      Downtown Rochester Office Space

      Historic Charm, Modern Amenities, 2,121 SF Available
      318 Broadway Ave, Rochester, MN 55904
      View Details
    • $22 SF/Yr
      1,885 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
    • $20 SF/Yr
      1,137 SF

      Retail Space Available For Lease

      Retail space available for lease in Rochester, MN.
      1217 Marion Rd SE, Rochester, MN 55904
      View Details
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    Rochester, MN 55904-7905
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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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