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Property profile & analytics
FOR SALE
Office buildings
2660 Superior Dr NW, Rochester, MN 55901
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-1341450
For Sale
1 / 4
$1,000,000
2660 Superior Dr NW, Rochester, MN 55901
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Property summary
AI-generated overview
This exceptional investment opportunity presents a fully leased, two-story office building totaling 4,734 square feet, situated at 2660 Superior Dr NW in Rochester, Minnesota. Built in 2003, this single-building property consists of four individual units, offering flexibility for various business needs. The convenient location in Northwest Rochester provides excellent visibility and accessibility, with proximity to major retailers like Costco and Five West, ensuring high traffic and strong tenant appeal. The building boasts practical features designed for ease of use and security, including timed door locks and ample front door parking. The property's APN is 74.20.43.061680, and its location within Olmsted County, Minnesota, offers a stable and desirable market for commercial real estate. This fully occupied asset represents a strong investment opportunity for those seeking a stable income stream and a prime location in a thriving Minnesota city. The property's strategic placement and desirable features make it an attractive option for both investors and tenants alike. This is a rare chance to acquire a well-maintained, fully leased office building in a high-demand area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
5,592 SF
Lot
0.39 ac (17,076 SF)
APN
74.20.43.061680
UPID
US46-1341450
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
-
GoRout (Bike/Boat/Book/etc) Store Corporate Office
-
Capital General Contracting Construction Company General Contractor
-
Healent Acupuncture Medical Clinic Alternative Medicine Practice
-
Knight Barry Title Title Company
-
revivalrochester Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.00M
Owner & transaction history
Rochester Rentals LLC · 3 yrs held
Rochester Rentals LLC
since 2022
Last sale
$995,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$980,000
+11.7%
Retail stores
$900,000
+2.5%
Commercial (general)
$885,000
+0.9%
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
$1,025,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$875,000
Current use
RESTAURANT
$980,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$900,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$885,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$885,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $995k (Nov 15 2022)
Last sale anchor
$995k
Nov 15 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
$179 / 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
$28,806
Tax year 2023
Assessed value
$977,500
Assessed 2022
Previous assessed
$977,500
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$136,700
Assessed improvement
$840,800
Land market value
$136,700
Improvement market value
$840,800
Total market value
$977,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
5,592 SF
Lot
0.39 ac (17,076 SF)
APN
74.20.43.061680
UPID
US46-1341450
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
OFFICE BUILDING Current
Est. value
$875,000
RESTAURANT
Est. value
$980,000
RETAIL STORES
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2003
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Rochester Rentals LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2660 SUPERIOR DR NW, ROCHESTER, MN 55901-8383
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
$875,000
Rochester Rentals LLC
B And C LLC
Warranty Deed
—
Nov 15, 2022
$995,000
Jade LLC
Rochester Rentals LLC
Warranty Deed
$696,500 · Frandsen Bank & Trust
Jan 27, 2021
$875,000
Rochester Rentals LLC
B And C LLC
Contract Sale
—
Jun 26, 2017
$710,000
B And C LLC
J J Enterprises Of Rochester LLC
Warranty Deed
$568,000 · Pine Island Bank
Apr 9, 2008
—
J J Enterprises Of Rochester LLC
Knud H Jorgensen
Quit Claim Deed
related
—
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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