Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1706 Greenview SW Pl Rochester, MN 55902-1349
    Back to Search
    Property profile & analytics

    1706 Greenview SW Pl Rochester, MN 55902-1349

    View on Map
    • Banks
    • 5,420 SF
    • 1.22 lot acres
    Off-Market
    Property ID
    US46-1283613
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Premier Bank / Bank / Loan Service
    • Thriveworks Counseling & Therapy Rochester / Counselor / Family Counselor
    • ATM / Atm

    Property Details for 1706 Greenview SW Pl

    Year built
    1980
    Lot size
    1.22 lot acres
    Property size
    5,420 SF
    Property type
    Banks
    APN
    64.10.13.053761
    APU
    641013053761

    Description

    This exceptional commercial property, located at 1706 Greenview Pl SW in Rochester, Minnesota, 55902, offers 1,800 square feet of immediately available office space for lease. The building, constructed in 1980, boasts a total of 4,400 square feet across two stories and sits on a 1.22-acre lot in Olmsted County. The space is part of a multi-tenant building, currently co-tenanted by Premier Bank, creating a collaborative and professional environment. The property is ideally suited for a variety of businesses, including traditional, executive, or creative office uses. The available space is beautifully built-out and ready for immediate occupancy. The property's prime Southwest Rochester location offers excellent visibility and accessibility. This is a rare opportunity to secure high-quality office space in a thriving business community. The building features one structure with a total of 4,400 square feet. The property's convenient location and established tenant base make it an attractive option for businesses seeking a professional and well-maintained workspace. This is an excellent opportunity to establish or expand your business in a desirable area of Rochester. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4878
    Latitude
    44.0009
    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
    $28,892
    $639,100
    $292,700
    $931,800
    -
    $639,100
    $292,700
    $931,800

    Comparable in this City

    • Value Estimation by Request
      8,430 SF

      1701 Greenview SW Pl

      FINANCIAL BUILDING • 8,430 SF
      1701 Greenview SW Pl, Rochester, MN 55902-1349
      View Details
    • Value Estimation by Request
      3,957 SF

      1600 Greenview SW Dr

      FINANCIAL BUILDING • 3,957 SF
      1600 Greenview SW Dr, Rochester, MN 55902-1034
      View Details
    • Value Estimation
      $1,025,000
      35,416 SF

      130 23rd SW Ave

      FINANCIAL BUILDING • 35,416 SF
      130 23rd SW Ave, Rochester, MN 55902-0994
      View Details
    • Value Estimation
      $755,000
      21,778 SF

      1698 Greenview SW Dr

      FINANCIAL BUILDING • 21,778 SF
      1698 Greenview SW Dr, Rochester, MN 55902-1034
      View Details
    • Value Estimation
      $665,000
      9,605 SF

      402 1st SW Ave

      FINANCIAL BUILDING • 9,605 SF
      402 1st SW Ave, Rochester, MN 55902-4353
      View Details
    • Value Estimation
      $1,025,000
      3,528 SF

      1336 Apache SW Dr

      FINANCIAL BUILDING • 3,528 SF
      1336 Apache SW Dr, Rochester, MN 55902-2161
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,156 SF

      Highway Frontage Commercial Site

      Nearly 4-acre commercial site with highway frontage and exposure.
      4444 Us 52, Rochester, MN 55902
      View Details
    • Contact for pricing
      46,014 SF

      Prime Downtown Location Near Mayo

      Versatile space ideal for restaurant, retail, or office use.
      14 2Nd St SW, Rochester, MN 55902
      View Details
    • $265,000
      2.01 Acres

      Two-Acre Lot in Rochester, MN

      Build your dream home on this peaceful 2-acre lot.
      5185 8Th St SW, Rochester, MN 55902
      View Details
    • $225,000
      2.92 Acres

      Residential Land in Royal Oaks

      Gorgeous, wooded lots in Royal Oaks Farm, Rochester, Minnesota.
      4771 L7B3 Royal Oaks Cir SW, Rochester, MN 55902
      View Details
    • $210,000
      2.00 Acres

      Residential Land in Royal Oaks

      Gorgeous wooded lots in Royal Oaks Farm, Rochester, MN
      4560 L3B2 Royal Oaks Cir SW, Rochester, MN 55902
      View Details
    • $5,096,123
      Pending

      Prime Rochester Twp Acreage

      175+ acres near downtown Rochester, MN. Development potential.
      4700 Country Club Rd SW, Rochester, MN 55902
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      5,481 SF

      Turn-Key Retail Space Available

      Retail space in a busy shopping hub near Highway 52.
      24-44 17Th Ave NW, Rochester, MN 55902
      View Details
    • Contact for pricing
      1,022 SF

      Downtown Corner Retail/Office Space

      Newly renovated retail/office spaces in downtown location near Mayo Clinic.
      21 1St St SW, Rochester, MN 55902
      View Details
    • Contact for pricing
      2,470 SF

      Retail Spaces in Crossroads Center

      Three retail spaces for lease in established Rochester shopping center.
      1201 S Broadway, Rochester, MN 55902
      View Details
    • Contact for pricing
      1,111 SF

      Retail Space in Rochester, MN

      Retail space available for rent in Rochester, Minnesota.
      100-112 1St Ave SW, Rochester, MN 55902
      View Details
    • Contact for pricing
      2,262 SF

      Restaurant or Retail Space Available

      First floor restaurant or retail space in 5 Star Hotel.
      1101 2Nd St SW, Rochester, MN 55902
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1706 Greenview SW Pl
    Rochester, MN 55902-1349
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1706 Greenview SW Pl, Rochester, MN, 55902
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!