Property profile

3416 Lakeridge Pl NW Rochester, MN 55901

FOR LEASE
Office buildings
Saved · see the list in your Dashboard
Property ID
US46-1428167
9,921 SF 0.79 ac Built 2005
Last sale Jan 2005·$293,175
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This property is a 4,968-square-foot office suite within a building constructed in 2005, configured for professional, medical, or service-oriented use. The interior layout includes a reception area, an open work area with natural light, a private conference room, and substantial storage. The suite is served by three drive-in doors, and the building features ADA-accessible design. The property is located on Lakeridge Place NW near West Circle Drive and Highway 14 in Rochester, with on-site…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$50k
Tax billed · 2023
Assessed value · 2021$1.73M
Assessed land$241k
Assessed improvement$1.49M
Effective rate2.91%

Value estimate

· Nov 2026
$1.48M
$1.33M – $1.63M
Submarket $/SF estimate$1.79M
NOI build-up
Gross scheduled income$134k
Vacancy & credit loss−$12k
Operating expenses−$31k
NOI$92k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$157/SF
Submarket average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$95 – $218

Cap rate analysis

How does the asset earn?
$92k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOLMSTED

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon13.4
Restaurant10.9
Dental Office10.5

Location

3416 Lakeridge Pl NW Rochester, MN 55901
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1751 Hwy 52nd N, Rochester, MN 55901-1692 $3,685,912 Apr 2023 8,748 SF
2720 Superior NW, Rochester, MN 55901-1774 $1,681,000 Jul 2022 8,912 SF
2510 Superior NW, Rochester, MN 55901-8348 $1,600,000 Jan 2022 9,638 SF
3900 Fairway NW, Rochester, MN 55901-5039 $1,200,000 Mar 2021 9,932 SF
6047 Rome NW, Rochester, MN 55901-4856 $1,030,000 Dec 2020 9,240 SF
4041 28th NW, Rochester, MN 55901-7942 $2,315,000 Jul 2020 8,464 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved