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Property profile & analytics
OFF-MARKET
Estimated value
$4,755,000
Office buildings
206 Broadway S Ave, Rochester, MN 55904-6502
Entity Owned
Property ID
US46-1918261
Property summary
AI-generated overview
This seven-story, Class B office building, constructed in 1970 and renovated in 2018, offers 97,000 square feet of space at 206 Broadway Ave S, Rochester, MN 55904. The property sits on a 0.28-acre lot (961-35,819 sq ft) and currently has 35,819 square feet of vacant space available in multiple tenancies. Individual suites range from 961 to 7,217 square feet. The building features updated elevators and HVAC systems. Its prime downtown location provides stunning city views and convenient access to the Mayo Clinic via the skyway system. The 3a COMMERCIAL PREFERENTIAL zoning allows for a variety of commercial uses. While there are no on-site parking spaces, the building's central location offers easy access to various transportation options and nearby amenities. This is an exceptional opportunity to secure office space in a well-maintained building within Rochester's vibrant downtown core.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1966
Total area
98,352 SF
Lot
0.28 ac (12,327 SF)
APN
64.02.11.082430
UPID
US46-1918261
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
-
Associated Bank Bank Loan Service
-
Edelman Financial Engines Financial Advisor
-
Rodney D. Anderson Law Offices, LLC Law Firm
-
RDA Law Law Firm
-
Flower City Awning Solutions Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$4.76M
Owner & transaction history
BLOOM INTERNATIONAL REALTY LLC
BLOOM INTERNATIONAL REALTY LLC
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±10%
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
$48 / 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
$239,854
Tax year 2023
Assessed value
$7,499,200
Assessed 2022
Previous assessed
$8,974,600
-16.4% YoY
Effective rate
3.20%
On assessed value
Assessed land
$1,664,300
Assessed improvement
$5,834,900
Land market value
$1,664,300
Improvement market value
$5,834,900
Total market value
$7,499,200
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 (MULTI-STORY)
Status
Off-Market
Year built
1966
Heating
STEAM
Cooling
REFRIGERATOR
Total area
98,352 SF
Lot
0.28 ac (12,327 SF)
APN
64.02.11.082430
UPID
US46-1918261
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
1966
Heating
STEAM
Cooling
Yes
Lot
0.28 ac
Current owner
From public records · entity-resolved
BLOOM INTERNATIONAL REALTY LLC
Entity
Mailing address
206 BROADWAY AVE S STE #460, ROCHESTER, MN 55904-7005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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