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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Commercial real estate
1915 Greenview SW Pl Rochester, MN 55902-4337
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-1295806
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Total area
5,960 SF
Lot
0.5 ac (21,954 SF)
APN
64.10.24.008823
UPID
US46-1295806
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
-
Excel Business Solutions Inc. Business Management Consultant
-
Cashmere Lux Hair Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$665k
Owner & transaction history
Rr Investments LLC · 3 yrs held
Rr Investments LLC
since 2023
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+10.7%
Retail stores
$955,000
+1.6%
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
$580,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$940,000
Current use
RESTAURANT
$1,045,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$955,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$940,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$935,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $700k (Mar 31 2023)
Last sale anchor
$700k
Mar 31 2023
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
$112 / 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
$22,902
Tax year 2023
Assessed value
$694,500
Assessed 2021
Previous assessed
$694,500
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$263,700
Assessed improvement
$430,800
Land market value
$263,700
Improvement market value
$430,800
Total market value
$694,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
3
Total area
5,960 SF
Lot
0.5 ac (21,954 SF)
APN
64.10.24.008823
UPID
US46-1295806
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
COMMERCIAL (GENERAL) Current
Est. value
$940,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$940,000
OFFICE BUILDING
Est. value
$935,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1986
Heating
FORCED AIR
Cooling
Yes
Bathrooms
3
Lot
0.5 ac
Current owner
From public records · entity-resolved
Rr Investments LLC
Entity
Mailing address
3707 LONDON RD, DULUTH, MN 55804-2236
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$700,000
Rr Investments LLC
Bowman Family Limited Partnership
Warranty Deed
$645,500 · Frandsen Bank & Trust
Jul 8, 2016
$375,500
Bowman Family Limited Partnership
Greenview Management LLC
Warranty Deed
—
Aug 29, 2008
—
Greenview Management LLC
Sterling State Bank
Quit Claim Deed
related
$480,000 · Minnwest Bank Metro
Aug 29, 2008
$375,000
Greenview Management LLC
Lauren W Dison
Warranty Deed
—
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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