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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Strip malls
3512 55th NW St, Rochester, MN 55901
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-0806513
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Total area
15,732 SF
Lot
5.71 ac (248,728 SF)
APN
74.16.22.085672
UPID
US46-0806513
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$760k
Owner & transaction history
Msir 2 LLC · 1 yrs held
Msir 2 LLC
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+98.3%
Medical building
$1.2M
+97.1%
Office building
$970,000
+61.7%
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
by Request
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Current use
COMMERCIAL (GENERAL)
$1,190,000
Change: +98% · Conversion: Easy
MEDICAL BUILDING
$1,180,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: +62% · Conversion: Moderate
RETAIL STORES
$920,000
Change: +53% · Conversion: Easy
INDUSTRIAL (GENERAL)
$750,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10%
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
$48 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$107,226
Tax year 2023
Assessed value
$3,721,400
Assessed 2023
Previous assessed
$3,721,400
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$444,000
Assessed improvement
$3,277,400
Land market value
$444,000
Improvement market value
$3,277,400
Total market value
$3,721,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Cooling
CENTRAL
Total area
15,732 SF
Lot
5.71 ac (248,728 SF)
APN
74.16.22.085672
UPID
US46-0806513
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$970,000
RETAIL STORES
Est. value
$920,000
INDUSTRIAL (GENERAL)
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Cooling
Yes
Lot
5.71 ac
Current owner
From public records · entity-resolved
Msir 2 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3551 COMMERCIAL DR SW STE #200, ROCHESTER, MN 55902-2884
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
Nov 6, 2024
—
Msir 2 LLC
451 Enterprises LLC
Deed
—
Nov 5, 2024
—
Msir 2 LLC
Calli R LLC
Deed
—
Dec 28, 2021
$107,824
Calli R LLC
Msir 2 LLC
Warranty Deed
—
Dec 28, 2021
$71,885
312 Elton LLC
Msir 2 LLC
Warranty Deed
—
Dec 28, 2021
$35,942
451 Enterprises LLC
Msir 2 LLC
Warranty Deed
—
Nov 12, 2020
—
Msir 2 LLC
—
Deed
related
$800,000 · Sterling State Bank
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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