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    205 14Th Ave Rochester, MN 55902
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    Property profile & analytics

    205 14Th Ave Rochester, MN 55902

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    • Mixed-use properties
    • 665,268 SF
    • 2.77 lot acres
    Off-Market
    Property ID
    US46-1250352
    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

    • Mixed-use properties

    Property Details for 205 14Th Ave

    Year built
    2018
    Lot size
    2.77 lot acres
    Property size
    665,268 SF
    Property type
    Mixed-use properties

    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
    -92.4846
    Latitude
    44.02083

    Comparable in this City

    • $3,000,000
      35.63 Acres

      Prime Buildable Land in Rochester

      35+ acres of land with development potential near Rochester amenities.
      2825 Valleywood Dr SW, Rochester, MN 55902
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    • $345,000
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      Residential Land in Royal Oaks

      Land for sale in Royal Oaks Farm, Rochester, MN.
      3735 L12B4 Royal Oaks Farm Dr SW, Rochester, MN 55902
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    • $310,000
      2.35 Acres

      Residential Land in Royal Oaks

      Land for sale in Royal Oaks Farm, Rochester, MN.
      3502 L1B5 Royal Oaks Farm Dr SW, Rochester, MN 55902
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    • $320,000
      2.75 Acres

      Residential Land in Royal Oaks

      Land for sale in Royal Oaks Farm, Rochester, MN.
      4529 L20B4 Royal Oaks Ln SW, Rochester, MN 55902
      View Details
    • $390,000
      2.70 Acres

      Land in Woodland Valley Estates

      Residential land for custom home in Rochester Twp, MN.
      2nd Woodland Vly Ln SW, Rochester, MN 55902
      View Details
    • $496,200
      0.67 Acres

      Commercial Lot in Rochester, MN

      0.67-acre commercial lot in an expanding Rochester location.
      3 Commercial Dr SW, Rochester, MN 55902
      View Details

    Similar Nearby for Sale

    • $3,000,000
      35.63 Acres

      Prime Buildable Land in Rochester

      35+ acres of land with development potential near Rochester amenities.
      2825 Valleywood Dr SW, Rochester, MN 55902
      View Details
    • $345,000
      4.19 Acres

      Residential Land in Royal Oaks

      Land for sale in Royal Oaks Farm, Rochester, MN.
      3735 L12B4 Royal Oaks Farm Dr SW, Rochester, MN 55902
      View Details
    • $310,000
      2.35 Acres

      Residential Land in Royal Oaks

      Land for sale in Royal Oaks Farm, Rochester, MN.
      3502 L1B5 Royal Oaks Farm Dr SW, Rochester, MN 55902
      View Details
    • $320,000
      2.75 Acres

      Residential Land in Royal Oaks

      Land for sale in Royal Oaks Farm, Rochester, MN.
      4529 L20B4 Royal Oaks Ln SW, Rochester, MN 55902
      View Details
    • $390,000
      2.70 Acres

      Land in Woodland Valley Estates

      Residential land for custom home in Rochester Twp, MN.
      2nd Woodland Vly Ln SW, Rochester, MN 55902
      View Details
    • $496,200
      0.67 Acres

      Commercial Lot in Rochester, MN

      0.67-acre commercial lot in an expanding Rochester location.
      3 Commercial Dr SW, Rochester, MN 55902
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Space in Downtown Rochester

      Versatile space in a high-demand downtown area.
      217 14Th Ave SW, Rochester, MN 55902
      View Details
    • Contact for pricing
      65,624 SF

      Office Building with Highway Visibility

      Office building with ample parking and highway frontage available for lease.
      3551 Commercial Dr SW, Rochester, MN 55902
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    • $40 SF/Yr
      1,158 SF

      Versatile Office Space Available

      Adaptable 4,000 sq. ft. space suitable for various businesses.
      20 2Nd Ave SW, Rochester, MN 55902
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    • 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
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    • Contact for pricing
      15,495 SF

      Rochester Office Space Available

      Office space available for rent in Rochester, Minnesota.
      300 2Nd Ave SW, Rochester, MN 55902
      View Details
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    Rochester, MN 55902
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    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
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