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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Office buildings
3625 10th NW Ln, Rochester, MN 55901-6917
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-1399089
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
4,394 SF
Lot
0.2 ac (8,886 SF)
APN
74.23.23.017492
UPID
US46-1399089
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
-
Farmers Insurance - Keith Collins II Insurance Agency
-
Exhibitor Group Publishing House
-
The BV Suites Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$1.02M
Owner & transaction history
B & V Holdings LLC · 3 yrs held
B & V Holdings LLC
since 2022
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$705,000
+2.5%
Commercial (general)
$695,000
+0.9%
Auto repair, garage
$695,000
+0.9%
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
$1,030,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$690,000
Current use
RETAIL STORES
$705,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$695,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.00M (Nov 17 2022)
Last sale anchor
$1.00M
Nov 17 2022
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
$231 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$19,488
Tax year 2022
Assessed value
$705,500
Assessed 2022
Previous assessed
$705,500
+0.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$53,300
Assessed improvement
$652,200
Land market value
$53,300
Improvement market value
$652,200
Total market value
$705,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Total area
4,394 SF
Lot
0.2 ac (8,886 SF)
APN
74.23.23.017492
UPID
US46-1399089
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
OFFICE BUILDING Current
Est. value
$690,000
RETAIL STORES
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$695,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2006
Heating
FORCED AIR
Cooling
Yes
Lot
0.2 ac
Current owner
From public records · entity-resolved
B & V Holdings LLC
Entity
Mailing address
1929 WOODCREST DR NE, OWATONNA, MN 55060-6247
Ownership since
2022
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 17, 2022
$1,000,000
B & V Holdings LLC
Laserhawk LLC
Contract Sale
$900,000 · Laserhawk LLC
Nov 23, 2021
—
The Media Manager LLC
—
Deed
related
$500,000 · Five Points Bank Of Hastings
Jan 22, 2021
—
Laserhawk LLC
—
Deed
related
$671,000 · Five Points Bank Of Hastings
Sep 12, 2019
$775,000
Laserhwak LLC
Handy Andy Real Estate Experts INC
Warranty Deed
—
Dec 29, 2017
—
Ahndy Andy Real Estate Experts INC
—
Deed
related
$324,000 · Minnesota Business Finance Corp
Apr 4, 2017
$665,000
Handy Andy Real Estate Experts INC
Reon37th LLC
Warranty Deed
$312,000 · Home Federal Savings 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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