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Property profile & analytics
OFF-MARKET
Estimated value
$4,770,000
Retail space
2411 7th NW St, Rochester, MN 55901-7635
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-1324071
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Total area
66,000 SF
Lot
8.36 ac (364,205 SF)
APN
74.27.33.070940
UPID
US46-1324071
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
-
Tile Superstore & more Hardware & Home Improvement Carpet & Flooring Store
-
Rochester Hardware & Home Improvement HVAC Service
-
Waters Network Systems Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.05M
Blend (final)
Blend
$4.77M
Owner & transaction history
Gary Todd Evans · 2 yrs held
Gary Todd Evans
since 2024
Last sale
$4.8M
6 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
$4,770,000
ML approach
$4,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.77M
Range $4.29M – $5.25M · ±10% · vs last sale $4.77M (Apr 9 2024)
Last sale anchor
$4.77M
Apr 9 2024
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
$72 / 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
$95,384
Tax year 2023
Assessed value
$3,220,000
Assessed 2022
Previous assessed
$3,141,700
+2.5% YoY
Effective rate
2.96%
On assessed value
Assessed land
$1,456,800
Assessed improvement
$1,763,200
Land market value
$1,456,800
Improvement market value
$1,763,200
Total market value
$3,220,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
CENTRAL
Bathrooms
2
Total area
66,000 SF
Lot
8.36 ac (364,205 SF)
APN
74.27.33.070940
UPID
US46-1324071
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
1969
Heating
NONE
Cooling
Yes
Bathrooms
2
Lot
8.36 ac
Current owner
From public records · entity-resolved
Gary Todd Evans
Individual
Mailing address
9614 N BELLE ST, EAGLE MOUNTAIN, UT 84005-5753
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2024
$4,770,000
Gary Todd Evans
Lsnm Properies LLC
Limited Warranty Deed
$3,760,000 · Altra FCU
Jun 11, 2020
$5,600,000
Lsnm Properties LLC
Advanced Auto LLC
Warranty Deed
—
Mar 6, 2020
$4,200,000
Advanced Auto LLC
7th Street Tile Partners LLC
Warranty Deed
—
Dec 7, 2018
—
7th Street Tile Partners LLC
—
Deed
related
$475,000 · Wells Fargo Bank NA
Jun 6, 2007
$1,359,148
7th Street Tile Partners LLC
Mlm Rochester LLC
Corporation Deed
—
Aug 25, 2005
$1,745,000
Mlm Rochester LLC
7th Street Business Plaza LLC
Warranty Deed
$1,720,000 · Sterling State 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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