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Property profile & analytics
OFF-MARKET
Bars & Pubs
300 1st NW Ave 2, Rochester, MN 55901-2830
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-1346601
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1912
Total area
4,836 SF
Lot
0.26 ac (11,500 SF)
APN
74.35.42.018455
UPID
US46-1346601
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
-
Tilda's Pizzeria Restaurant
-
The Redwood Room Restaurant
-
Jeffrey Clark Counseling Physician Medical Clinic
-
Creative Cuisine Company Corporate Office
-
Sheila M. Daley, LP Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dm41 Broadstreet LLC · 11 yrs held
Dm41 Broadstreet LLC
since 2015
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$23,320
Tax year 2023
Assessed value
$707,700
Assessed 2021
Previous assessed
$707,700
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$131,700
Assessed improvement
$576,000
Land market value
$131,700
Improvement market value
$576,000
Total market value
$707,700
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
4,836 SF
Lot
0.26 ac (11,500 SF)
APN
74.35.42.018455
UPID
US46-1346601
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
1912
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Dm41 Broadstreet LLC
Entity
Free & Clear · 11 yrs held
Mailing address
216 1ST AVE SW STE 300F, ROCHESTER, MN 55902-3129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Sep 30, 2022
—
Dm41 Broadstreet LLC
—
Deed
related
$200,000 · The First National Bank Of Henning
Jan 22, 2015
$750,000
Dm41 Broadstreet LLC
Michael Jc Properties LLC
Contract Sale
—
Feb 5, 2008
—
Michael Jc Properties LLC
Jm3 Partners LLP
Quit Claim Deed
related
—
Nov 13, 2007
—
Jm3 Partners LLP
Broadstreet Building Partnership
Quit Claim Deed
related
—
Feb 27, 2007
$250,000
Broadstreet Building Partnership
Owen Real Estate Partnership
Corporation Deed
—
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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