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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Theaters & concert halls
2171 Superior NW Dr, Rochester, MN 55901-1793
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-1418730
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2001
Total area
48,453 SF
Lot
8.86 ac (385,811 SF)
APN
74.29.14.068131
UPID
US46-1418730
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
-
CineMagic Hollywood 12 Theatres Cinema Theater & Performing Art Venue
-
Cinemagic Stadium 12 Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.78M
Owner & transaction history
Echo Church · 1 yrs held
Echo Church
since 2024
Last sale
$4.9M
7 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
Method
Estimation
Statistic approach
$4,605,000
ML approach
$4,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,485,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,105,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,660,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$3,640,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,985,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±10% · vs last sale $4.90M (Nov 14 2022)
Last sale anchor
$4.90M
Nov 14 2022
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
$99 / 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
$68,790
Tax year 2023
Assessed value
$2,230,400
Assessed 2022
Previous assessed
$1,906,400
+17.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$1,990,700
Assessed improvement
$239,700
Land market value
$1,990,700
Improvement market value
$239,700
Total market value
$2,230,400
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2001
Heating
NONE
Bathrooms
6
Total area
48,453 SF
Lot
8.86 ac (385,811 SF)
APN
74.29.14.068131
UPID
US46-1418730
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
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.0M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2001
Heating
NONE
Bathrooms
6
Lot
8.86 ac
Current owner
From public records · entity-resolved
Echo Church
Entity
Free & Clear · 1 yrs held
Mailing address
2440 CLARE LN NE, ROCHESTER, MN 55906-8400
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
—
Arnett Enterprises LLC
—
Deed
related
$3,000,000 · Sterling State Bank
Sep 19, 2024
$5,000,000
Echo Church
Arnett Enterprises LLC
Deed
—
Jan 16, 2024
—
Arnett Enterprises LLC
—
Deed
related
$500,000 · Echo Church INC
Nov 14, 2022
$4,900,000
Arnett Enterprises LLC
Magic West Properties LLC
Warranty Deed
$3,000,000 · Home Federal Savings Bank
Aug 10, 2016
$2,500,000
Magic West Properties LLC
Cole Cn Rochester Mn LLC
Limited Warranty Deed
$2,000,000 · Merchants Bank NA
Jan 5, 2006
—
Hartman Farms INC
B & H Development LLC
Quit Claim Deed
related
—
Jul 8, 2005
$7,400,000
Cole Cn Rochester Mn LLC
Cinema 1 LLP
Special Warranty Deed
$4,070,000 · First Union Commercial Corporation
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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