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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3520 Sarah NW Pl Rochester, MN 55901-8909

    • Gas stations
    • 10,297 SF
    • 3.60 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-2849992
    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

    • Gas stations

    Property Details for 3520 Sarah NW Pl

    Year built
    2017
    Lot size
    3.60 lot acres
    Property size
    10,297 SF
    Property type
    Gas stations
    APN
    74.20.13.083237
    APU
    742013083237

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $980,000
      Market price range: $691k - $1.15M

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $910,000
      Current use
      RESTAURANT
      $955,000
      Change: +5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $875,000
      Change: -4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $780,000
      Change: -14% Conversion: Difficult
      MEDICAL BUILDING
      $775,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.5278
    Latitude
    44.0589
    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
    $89,402
    $1,883,000
    $1,166,700
    $3,049,700
    -
    $1,883,000
    $1,166,700
    $3,049,700

    Comparable in this City

    • Value Estimation
      $655,000
      10,297 SF

      6413 Bandel NW Rd

      SERVICE STATION WITH FOOD MART • 10,297 SF
      6413 Bandel NW Rd, Rochester, MN 55901-8759
      View Details
    • Value Estimation by Request
      2,466 SF

      3650 3rd NW Ave

      SERVICE STATION WITH FOOD MART • 2,466 SF
      3650 3rd NW Ave, Rochester, MN 55901-3478
      View Details
    • Value Estimation
      $615,000
      5,496 SF

      1990 Scott NW Rd

      SERVICE STATION WITH FOOD MART • 5,496 SF
      1990 Scott NW Rd, Rochester, MN 55901-4517
      View Details
    • Value Estimation by Request
      4,544 SF

      1907 7th NW St

      SERVICE STATION WITH FOOD MART • 4,544 SF
      1907 7th NW St, Rochester, MN 55901-0269
      View Details
    • Value Estimation by Request
      4,890 SF

      919 37th NW St

      SERVICE STATION WITH FOOD MART • 4,890 SF
      919 37th NW St, Rochester, MN 55901-1330
      View Details
    • Value Estimation by Request
      5,328 SF

      3490 55th NW St

      SERVICE STATION WITH FOOD MART • 5,328 SF
      3490 55th NW St, Rochester, MN 55901-0123
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Rochester Retail Institution For Sale

      Grocery-anchored shopping center near Mayo Clinic with strong tenant mix.
      1315 6Th St NW, Rochester, MN 55901
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      32,058 SF

      Prime Retail Space For Sale

      Exceptional retail space in a high-traffic commercial center.
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      2,566 SF

      Corner Lot in Lowertown District

      Redevelopment opportunity near Mayo Clinic and downtown Rochester.
      11 5Th St NW, Rochester, MN 55901
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    • $6,500,000
      4.04 Acres

      Rochester MN Hotel Opportunity

      Centrally located Rochester, MN hotel near Mayo Clinic.
      435 16Th Ave NW, Rochester, MN 55901
      View Details
    • $10,370,000
      22,362 SF

      Rochester Retail Center Investment

      High-traffic retail center, strong anchors.
      3780 Marketplace Dr, Rochester, MN 55901
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    • Contact for pricing
      1.50 Acres

      Rochester Development Opportunity

      Prime retail, multifamily land. Shovel-ready Fall 2024.
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    Similar Nearby for Lease

    • $14 SF/Yr
      32,058 SF

      Rochester Retail Center - Harbor Freight Anchored

      High-visibility retail space, 3 units available
      4200 Frontage Rd, Rochester, MN 55901
      View Details
    • $19 SF/Yr
      1,456 SF

      Rochester Retail Space For Rent

      Commercial property near Mayo Clinic with high traffic and visibility.
      102-170 17Th Ave NW, Rochester, MN 55901
      View Details
    • $14 SF/Yr
      4,927 SF

      Prime Retail Space For Lease

      High-visibility retail space in a busy commercial corridor.
      4200-4224 Highway 52 NW, Rochester, MN 55901
      View Details
    • $17 SF/Yr
      2,500 SF

      Northwest Plaza Retail Space

      Rochester, MN Retail Opportunity: 2,500 SF Available
      3400 55Th St, Rochester, MN 55901
      View Details
    • Contact for pricing
      12,800 SF

      West Circle Drive Retail Space

      Rochester, MN Retail Plaza - 1,000-12,800 SF
      0 Sarah Pl, Rochester, MN 55901
      View Details
    • $15 SF/Yr
      131,752 SF

      Barlows Plaza: Retail Investment Opportunity

      Grocery-anchored center, prime Rochester location.
      1131 6Th St, Rochester, MN 55901
      View Details
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    Rochester, MN 55901-8909
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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