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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Medical Office Space
2768 Superior NW Dr, Rochester, MN 55901-3063
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-1481508
Property summary
AI-generated overview
This exceptional Class A office space, totaling 1700 square feet, is situated at 2768 Superior Dr NW, Rochester, in a rapidly developing area. Built in 2004, this single-building property offers a highly desirable location just off West Circle Dr. The space boasts ample parking with 40 total spaces available. The M-1 zoning allows for a variety of business uses. The property features excellent signage opportunities, both front and back. Previously occupied by a bank, the layout is versatile and includes three private offices, a dedicated conference room, a convenient kitchen area, a mail/copier room, two cubicle work areas, and two receptionist desks. This turnkey solution is ideal for businesses seeking a professional and well-equipped workspace. The property's Asset Property Number (APN) is 74.20.43.060549. This is a multi-tenant building, and one space is currently available. The building's high-quality construction and amenities make it an attractive option for discerning businesses. Don't miss this opportunity to establish your business in a thriving location with exceptional visibility and convenient parking.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2003
Total area
10,312 SF
Lot
0.95 ac (41,426 SF)
APN
74.20.43.060549
UPID
US46-1481508
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
-
5Q Group Corporate Office
-
Foot & Ankle Clinic Medical Clinic
-
Dr. Stephen Panetta Physician
-
Lakes Publishing LLC Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.98M
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Allen Investments LLC · 2 yrs held
Allen Investments LLC
since 2024
Last sale
$2.0M
6 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
$1,980,000
ML approach
$1,980,000
CAP Approach
CAP Return
Estimation
6%
$2,140,000
6.5%
$1,975,000
7%
$1,835,000
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±10% · vs last sale $1.98M (Jan 18 2024)
Last sale anchor
$1.98M
Jan 18 2024
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
$192 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$59,000
Tax year 2022
Assessed value
$2,014,600
Assessed 2022
Previous assessed
$2,014,600
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$331,500
Assessed improvement
$1,683,100
Land market value
$331,500
Improvement market value
$1,683,100
Total market value
$2,014,600
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
CENTRAL
Bathrooms
2
Total area
10,312 SF
Lot
0.95 ac (41,426 SF)
APN
74.20.43.060549
UPID
US46-1481508
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
2003
Heating
NONE
Cooling
Yes
Bathrooms
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Allen Investments LLC
Entity
Mailing address
3726 MAYO LK RD SW, ROCHESTER, MN 55902-4510
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2024
$1,980,000
Allen Investments LLC
Stephen Panetta
Warranty Deed
$1,537,500 · Frandsen Bank & Trust
Feb 22, 2021
—
Stephen E Panetta
—
Deed
related
$878,500 · Sterling State Bank
Mar 4, 2016
$1,050,000
Stephen Panetta
K & F Properties LLC
Quit Claim Deed
related
—
Mar 4, 2016
$220,000
Stephen Panetta
Bremer Trust NA
Warranty Deed
—
Nov 3, 2011
$200,000
John M Hamilton Ira
K & F Properties LLC
Limited Warranty Deed
—
Nov 3, 2011
$1,050,000
Stephen Panetta
K & F Properties LLC
Contract Sale
$1,015,000 · K & F Properties LLC
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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