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Property profile & analytics
OFF-MARKET
Estimated value
$2,685,000
Office buildings
2560 2nd SW St, Rochester, MN 55902-4306
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-1023910
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Total area
8,004 SF
Lot
0.84 ac (36,634 SF)
APN
74.33.44.084842
UPID
US46-1023910
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
-
Penz Dental Care Dental Office
-
Russell Bergum Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.69M
Owner & transaction history
Uptown West LLC · 3 yrs held
Uptown West LLC
since 2022
Last sale
$2.8M
3 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
$2,835,000
ML approach
$2,655,000
CAP Approach
CAP Return
Estimation
6%
$2,620,000
6.5%
$2,420,000
7%
$2,250,000
Blend value · Realmo final
$2.69M
Range $2.42M – $2.95M · ±10% · vs last sale $2.76M (Dec 2 2022)
Last sale anchor
$2.76M
Dec 2 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
$335 / 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
$67,418
Tax year 2023
Assessed value
$2,361,300
Assessed 2023
Previous assessed
$2,361,300
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$549,300
Assessed improvement
$1,812,000
Land market value
$549,300
Improvement market value
$1,812,000
Total market value
$2,361,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
CENTRAL
Total area
8,004 SF
Lot
0.84 ac (36,634 SF)
APN
74.33.44.084842
UPID
US46-1023910
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
2019
Heating
NONE
Cooling
Yes
Lot
0.84 ac
Current owner
From public records · entity-resolved
Uptown West LLC
Entity
Mailing address
2720 MAYOWOOD LN SW, ROCHESTER, MN 55902-1097
Ownership since
2022
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
Nov 14, 2025
—
Uptown West LLC
—
Deed
related
$525,000 · Think Mutual Bank
Dec 2, 2022
$2,755,000
Uptown West LLC
JR 2nd Street LLC
Warranty Deed
$2,760,000 · Think Mutual Bank
Apr 9, 2019
—
JR 2nd Street LLC
—
Deed
related
$2,400,000 · Home Federal Savings 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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