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Property profile & analytics
OFF-MARKET
Strip malls
2443 Clare NE Ln, Rochester, MN 55906-8418
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US46-1359704
Property summary
AI-generated overview
Thrive Business Center, located at 2443 Clare Ln NE in Rochester, Minnesota, 55906, offers 14 private office suites in a single-story building. Recently renovated in 2024, this traditional office space provides a range of suite sizes, from 200 square feet to 500 square feet, perfect for businesses of various sizes. Amenities include a welcoming lobby area, two convenient conference rooms, a color copy center, high-speed internet access, a fully equipped kitchen, and three restrooms. For added convenience, a dedicated podcast room is also available. The building is fully furnished, offering a turnkey solution for immediate occupancy. Lease terms include all utilities, garbage removal, snow removal, lawn care, maintenance, and cleaning of common areas, providing a hassle-free experience for tenants. This Olmsted County property presents a fantastic opportunity for businesses seeking a professional and well-maintained workspace in a thriving community. Contact us today to learn more about available suites and lease options.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
10,682 SF
Lot
1.22 ac (53,317 SF)
APN
73.30.21.067942
UPID
US46-1359704
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
-
Southeast Minnesota Area Labor Council, AFL-CIO Advocacy Group
-
Bliss Dance Space Training Center
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
Vidya Investment Properties LLC · 21 yrs held
Vidya Investment Properties LLC
since 2005
2 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
$58,318
Tax year 2023
Assessed value
$1,867,500
Assessed 2021
Previous assessed
$1,867,500
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$426,700
Assessed improvement
$1,440,800
Land market value
$426,700
Improvement market value
$1,440,800
Total market value
$1,867,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Heating
YES
Cooling
CENTRAL
Total area
10,682 SF
Lot
1.22 ac (53,317 SF)
APN
73.30.21.067942
UPID
US46-1359704
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
2008
Heating
YES
Cooling
Yes
Lot
1.22 ac
Current owner
From public records · entity-resolved
Vidya Investment Properties LLC
Entity
Mailing address
PO BOX 8021, ROCHESTER, MN 55903-8021
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2005
$641,000
Vidya Investment Properties LLC
Dewan Properties LLC
Warranty Deed
$600,000 · Home State Bank
Mar 8, 2005
$279,145
Dewan Properties LLC
Payne Company
Warranty Deed
—
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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