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    Property profile & analytics

    2711 Commerce NW Dr Rochester, MN 55901-3144

    • Strip malls
    • 12,870 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1332232
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Asia Fusion (Temporary Take-Out Only) / Asian Fusion Restaurant
    • Smyth - Rochester Commercial / Graphic Designer / Manufacturer
    • National Karate Of Rochester / Martial Arts School
    • Huber Eyecare / Eye Care Center / Contact Lenses Supplier
    • SUBWAY PARKING / Parking Lot

    Property Details for 2711 Commerce NW Dr

    Year built
    2006
    Lot size
    1.01 lot acres
    Property size
    12,870 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    74.20.44.073547
    APU
    742044073547

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.5216
    Latitude
    44.0523
    CBSA code
    40340
    CBSA name
    ROCHESTER, MN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $121,900
    $441,700
    $2,225,000
    $2,666,700
    -
    $441,700
    $2,225,000
    $2,666,700

    Comparable in this City

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      42,181 SF

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      15,732 SF

      3512 55th NW St

      SHOPPING CENTER, STRIP CENTER • 15,732 SF
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      12,000 SF

      3462 55th NW St

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      3462 55th NW St, Rochester, MN 55901-0201
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    • Value Estimation by Request
      38,090 SF

      1208 7th NW St

      SHOPPING CENTER, STRIP CENTER • 38,090 SF
      1208 7th NW St, Rochester, MN 55901-1733
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      5,860 SF

      3930 Marketplace NW Dr

      SHOPPING CENTER, STRIP CENTER • 5,860 SF
      3930 Marketplace NW Dr, Rochester, MN 55901
      View Details
    • Value Estimation
      $295,000
      4,150 SF

      1113 7th NW St

      SHOPPING CENTER, STRIP CENTER • 4,150 SF
      1113 7th NW St, Rochester, MN 55901-1763
      View Details

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      Hawk Point Retail Space Available

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    Property Visit Statistics

    • Visits by month
      4.1k
    • Visitors by month
      2.8k
    • Avg Time on site
      16 min
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    2711 Commerce NW Dr
    Rochester, MN 55901-3144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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