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    Property profile & analytics

    2004 2nd NE Ave Stewartville, MN 55976-1395

    • Automotive properties
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Last Sale
    Dec 07, 2023
    $335,000
    Location Intelligence
    Property ID
    US46-1020666
    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

    • Automotive properties

    Property Details for 2004 2nd NE Ave

    Lot size
    1.15 lot acres
    Property type
    Automotive properties
    APN
    54.27.13.088292
    APU
    542713088292

    Description

    This exceptional investment opportunity presents a triple-net (NN+) leased retail portfolio anchored by Dollar General, Dollar Tree, and Family Dollar. Located in Stewartville, Minnesota, this property boasts a 10-year lease commencing February 4, 2025, and expiring February 28, 2035, with five additional five-year renewal options, each including attractive rental increases of $5,000. The property features a 1.15-acre lot and a newly constructed (2025) building. The lease is corporately guaranteed by Dollar Tree Stores, Inc., providing significant financial security. The property benefits from a strong location, with high daily traffic counts exceeding 18,473 vehicles, and proximity to Rochester, Minnesota's third-largest MSA, and Rochester International Airport (approximately 4 miles). The average household income in the area is $87,283 annually. The property offers a substantial net operating income (NOI) of $184,000, resulting in a compelling 7.35% cap rate. The asking price is $2,503,401. The building includes a transferable 20-year roof warranty. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and excellent long-term growth potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $240,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $250,000
      Mixed-Use
      $235,000
      Hospitality
      $275,000
      Educational
      $275,000
      Residential Income
      $235,000
      Energy
      $225,000
      Income-Based Land
      $250,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Stewartville
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4857
    Latitude
    43.87
    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
    $1,362
    $66,700
    $0.00
    $66,700
    -
    $66,700
    $0.00
    $66,700

    Comparable in this City

    • Value Estimation by Request
      0.88 Acres

      Stewartville, MN 55976

      VEHICLE SALES, RENTALS • 0.88 Acres
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    • Value Estimation
      $100,000
      5,260 SF

      12335 County 8th SW Rd

      VEHICLE SALES, RENTALS • 5,260 SF
      12335 County 8th SW Rd, Stewartville, MN 55976
      View Details
    • Value Estimation
      $360,000
      4,268 SF

      924 Main N St

      VEHICLE SALES, RENTALS • 4,268 SF
      924 Main N St, Stewartville, MN 55976-1202
      View Details
    • Value Estimation
      $300,000
      3,648 SF

      400 Rochester Medical NW Dr

      VEHICLE SALES, RENTALS • 3,648 SF
      400 Rochester Medical NW Dr, Stewartville, MN 55976-1648
      View Details
    • Value Estimation
      $355,000
      3,600 SF

      Stewartville, MN 55976

      VEHICLE SALES, RENTALS • 3,600 SF
      Stewartville, MN 55976
      View Details
    • Value Estimation
      $365,000
      7,152 SF

      102 6th SW St

      VEHICLE SALES, RENTALS • 7,152 SF
      102 6th SW St, Stewartville, MN 55976
      View Details

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    Similar Nearby for Lease

    • $15 SF/Yr
      1,330 SF

      Retail Space in Stewartville, MN

      Retail space available for lease in Stewartville, Minnesota.
      91-99 20Th St NE, Stewartville, MN 55976
      View Details
    • $15 SF/Yr
      7,700 SF

      Retail Space in Stewartville

      Retail space for rent with build-to-suit option.
      95 20Th St NE, Stewartville, MN 55976
      View Details
    • $17 SF/Yr
      1,550 SF

      Stewartville Office Space For Rent

      Office space available in Stewartville, Minnesota.
      100 2Nd St SE, Stewartville, MN 55976
      View Details
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    Stewartville, MN 55976-1395
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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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