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    Property profile & analytics

    2900 Broadway S Ave Rochester, MN 55904-5572

    • Commercial real estate
    • 4,000 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $1,630,000
    Last Sale
    Apr 24, 2023
    $1,836,521
    Location Intelligence
    Property ID
    US46-1765896
    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

    • Commercial real estate

    Property Details for 2900 Broadway S Ave

    Year built
    2013
    Lot size
    0.39 lot acres
    Property size
    4,000 SF
    Property type
    Commercial real estate
    APN
    64.14.44.074720
    APU
    641444074720

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,520,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,970,000
      6.5%
      $1,945,000
      7%
      $1,750,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,685,000
      Geo Method
      $1,655,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,750,000
      Retail
      $2,200,000
      Mixed-Use
      $2,010,000
      Hospitality
      $1,840,000
      Educational
      $1,575,000
      Residential Income
      $1,775,000
      Energy
      $1,885,000
      Income-Based Land
      $2,070,000
      Food Service
      $1,905,000

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4613
    Latitude
    43.9795
    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
    $20,804
    $169,900
    $575,900
    $745,800
    -
    $169,900
    $575,900
    $745,800

    Comparable in this City

    • Value Estimation
      $1,185,000
      11,808 SF

      1910 Broadway S Ave

      COMMERCIAL (GENERAL) • 11,808 SF
      1910 Broadway S Ave, Rochester, MN 55904-7930
      View Details
    • Value Estimation by Request
      6,600 SF

      211 Broadway S Ave

      COMMERCIAL (GENERAL) • 6,600 SF
      211 Broadway S Ave, Rochester, MN 55904-6527
      View Details
    • Value Estimation by Request
      20,539 SF

      239 28th SE St

      COMMERCIAL (GENERAL) • 20,539 SF
      239 28th SE St, Rochester, MN 55904-5577
      View Details
    • Value Estimation by Request
      3,960 SF

      28 9th SE St

      COMMERCIAL (GENERAL) • 3,960 SF
      28 9th SE St, Rochester, MN 55904-6423
      View Details
    • Value Estimation by Request
      8,580 SF

      313 Broadway S Ave

      COMMERCIAL (GENERAL) • 8,580 SF
      313 Broadway S Ave, Rochester, MN 55904
      View Details
    • Value Estimation by Request
      8,355 SF

      309 Broadway S Ave

      COMMERCIAL (GENERAL) • 8,355 SF
      309 Broadway S Ave, Rochester, MN 55904-6506
      View Details

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    Similar Nearby for Lease

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      Downtown Rochester Office Space

      Historic Charm, Modern Amenities, 2,121 SF Available
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    • $22 SF/Yr
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      Retail Space with Drive-Thru

      Retail space available for rent with drive-thru in Rochester.
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    • $20 SF/Yr
      1,137 SF

      Retail Space Available For Lease

      Retail space available for lease in Rochester, MN.
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    • $25 SF/Yr
      190,834 SF

      Downtown Rochester Retail Space

      Prime Retail/Restaurant Opportunity, 9,347 SF Available
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      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.3k
    • Avg Time on site
      16 min
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    2900 Broadway S Ave
    Rochester, MN 55904-5572
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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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