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Property profile & analytics
FOR SALE
Office Units

300 3Rd Ave Southeast Rochester, MN 55904

1,465 SF
Property ID
US46-1225020
Property summary
AI-generated overview

Discover a unique opportunity in this professional condominium building renowned for its established presence, strategically located in close proximity to downtown, the Government Center, and the skyway system. This versatile space, encompassing Condos 402 and 404, offers a total of 1,465 sq ft. The building provides a range of amenities, including covered and uncovered parking options, an elevator, large windows that flood the area with natural light, and shared restrooms for added convenience. Within the space, there's a nice waiting room and reception area, currently designed with a total of five office spaces, one of which is currently configured as a kids play area. The corner office views make it a very nice space to work on a daily basis. The space also features upgraded flooring, built in cabinetry, and modern finishes. The space does offer 1 parking spot with the unit and common area parking for customers and additionally employees surrounding the building.

Property profile
Verified
Property type Office Units
Total area 1,465 SF
UPID US46-1225020
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
  • Luke Johnson Realtor Real Estate Agency
  • Better Homes and Gardens Real Estate All Seasons Real Estate Agency
  • Casey Gorman - Edina Realty Real Estate Agency
  • Ironwood Square Building Consultant Apartment Building
  • Associates In Psychiatry: Lilly Matthew Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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