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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Warehouses
2227 7th NW St, Rochester, MN 55901-0206
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-1336114
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
13,290 SF
Lot
0.78 ac (33,933 SF)
APN
74.34.22.023809
UPID
US46-1336114
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
-
LMI US, LLC Industrial Manufacturer Production Facility
-
D&g cold storage Warehouse & Storage
-
Revolution Concrete Mixers Industrial Manufacturer Production Facility
-
Common Ground Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.29M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.28M
Owner & transaction history
Allen Investments LLC · 1 yrs held
Allen Investments LLC
since 2025
Last sale
$2.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+70.7%
Retail stores
$2.1M
+56.6%
Commercial (general)
$2.1M
+54.1%
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
$2,290,000
CAP Approach
CAP Return
Estimation
6%
$1,755,000
6.5%
$1,620,000
7%
$1,505,000
Alternative Use
Use
Estimation
RESTAURANT
$2,325,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$2,135,000
Change: +57% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,100,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,100,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$2,085,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$2.28M
Range $2.05M – $2.51M · ±10% · vs last sale $2.40M (Jul 20 2022)
Last sale anchor
$2.40M
Jul 20 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
$172 / 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
$41,802
Tax year 2023
Assessed value
$1,275,500
Assessed 2021
Previous assessed
$1,275,500
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$169,700
Assessed improvement
$1,105,800
Land market value
$169,700
Improvement market value
$1,105,800
Total market value
$1,275,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Bathrooms
3
Total area
13,290 SF
Lot
0.78 ac (33,933 SF)
APN
74.34.22.023809
UPID
US46-1336114
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
$2.3M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1978
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Bathrooms
3
Lot
0.78 ac
Current owner
From public records · entity-resolved
Allen Investments LLC
Entity
Mailing address
3726 MAYO LK RD SW, ROCHESTER, MN 55902-4510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2025
$2,400,000
Allen Investments LLC
Agi Properties Of Oronoco LLC
Warranty Deed
$2,078,689 · Manufacturers Bank & Trust Co
Jul 20, 2022
$2,400,000
Allen Investments LLC
Agi Properties Oronoco LLC
Contract Sale
—
Jul 16, 2019
$1,850,000
Agi Properties Of Oronoco LLC
M F Holdings
Warranty Deed
$1,480,000 · Pine Island Bank
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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