Property profile

2477 Clare NE Ln Rochester, MN 55906

OFF-MARKET
Strip malls
Property ID
US46-1193304
11,088 SF 1.25 ac lot Built 2005
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Total area 11,088 SF
Lot 1.25 ac (54,494 SF)
APN 73.30.21.067941
UPID US46-1193304

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • IT Consulting Firm Tech Support Center
  • Home Appliance Store Hardware & Home Improvement
  • Car Rental Facility
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • (Bike/Boat/Book/etc) Store Pharmacy

Location

2477 Clare NE Ln Rochester, MN 55906-8417
Rochester metro Census 1602 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$482k
Blend (final) Blend
$535k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2007
$232,000

Zoning & alternative use

Top alternative use upside
Retail stores $875,000 +105.3%
Auto repair, garage $870,000 +104.6%
Office building $810,000 +90.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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