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Property profile & analytics
OFF-MARKET
Bars & Pubs
2112 2nd SW St, Rochester, MN 55902-4168
Entity Owned
15-yr Hold
Free & Clear
Property ID
US46-1142882
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1979
Total area
8,007 SF
Lot
0.47 ac (20,386 SF)
APN
64.03.22.075677
UPID
US46-1142882
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
-
Canadian Honker Catering Take-out & Catering Catering Service
-
Pinnacle Catering Catering Service Take-out & Catering
-
Powers Ventures Take-out & Catering Catering 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
Double Eagle 1019 LLC · 15 yrs held
Double Eagle 1019 LLC
since 2011
5 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
$14,950
Tax year 2023
Assessed value
$457,200
Assessed 2021
Previous assessed
$457,200
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$171,200
Assessed improvement
$286,000
Land market value
$171,200
Improvement market value
$286,000
Total market value
$457,200
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
8,007 SF
Lot
0.47 ac (20,386 SF)
APN
64.03.22.075677
UPID
US46-1142882
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
1979
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Double Eagle 1019 LLC
Entity
Free & Clear · 15 yrs held
Mailing address
2112 2ND ST SW, ROCHESTER, MN 55902-4168
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
—
Double Eagel 1019 LLC
—
Deed
related
$500,000 · Premier Bank
Apr 19, 2017
—
Powers Barns LLC
—
Deed
related
$2,250,000 · Premier Bank
Mar 23, 2011
—
Double Eagle 1019 LLC
David A Kruse
Quit Claim Deed
related
—
Jun 25, 2009
—
Charles L Leavitt III
Charles L Leavitt III
Transfer On Death Deed
related
—
Dec 30, 2008
$372,500
David Kruse
Charles L Leavitt III
Deed
$298,000 · Associated 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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