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Property profile & analytics
OFF-MARKET
Office buildings
1850 Broadway N Ave, Rochester, MN 55906-4154
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-1199427
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
4,559 SF
Lot
0.73 ac (31,581 SF)
APN
74.26.41.020022
UPID
US46-1199427
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
-
Econo Lodge Mayo Clinic Area Hotel & Motel
-
Ohly Law Law Firm
-
Ohly Jim Law Firm
-
Olmsted County Abstract Inc Title Company
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Angold LLC · 6 yrs held
Angold LLC
since 2020
Last sale
$173,500
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$27,048
Tax year 2023
Assessed value
$925,200
Assessed 2021
Previous assessed
$925,200
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$252,800
Assessed improvement
$672,400
Land market value
$252,800
Improvement market value
$672,400
Total market value
$925,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
3
Total area
4,559 SF
Lot
0.73 ac (31,581 SF)
APN
74.26.41.020022
UPID
US46-1199427
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
Building & site characteristics
From public records
Year built
1976
Heating
FORCED AIR
Cooling
Yes
Bathrooms
3
Lot
0.73 ac
Current owner
From public records · entity-resolved
Angold LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1850 BROADWAY AVE N, ROCHESTER, MN 55906-4154
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2020
—
Angold LLC
Paul M Ohly
Quit Claim Deed
related
—
Feb 20, 2020
—
4d Development LLC
—
Deed
related
$30,000 · Keefe Properties LLC
Jul 25, 2019
$173,500
Tracy J Distad
Georgia Laures
Warranty Deed
$158,500 · Primelending
Jul 25, 2019
$238,400
Lindsey Schroht
Jay Gorman
Warranty Deed
$231,248 · Merchants Bank NA
Jul 25, 2019
—
Georgia M Laures
John Lures
Intrafamily Transfer
related
—
Jul 18, 2019
—
Caroline H Langdon
Caroline H Langdon
Deed Of Distribution
related
—
Jul 11, 2019
$230,000
Charles G Alton
Barbara Butturff
Deed
—
Jul 5, 2019
$365,000
Mavo Fndn For Medical Edu & Researc
Deanna Pafundi
Warranty Deed
—
Nov 1, 2018
—
Darlene F Miller
—
Deed
related
$104,000 · Wells Fargo 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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