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

    3715 Commercial SW Dr Rochester, MN 55902

    • Manufacturing properties
    • 4,200 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    8.8%
    Manufacturing properties
    Location Intelligence
    Property ID
    US46-1441533
    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

    • Manufacturing properties

    Property Details for 3715 Commercial SW Dr

    Year built
    1984
    Lot size
    1.21 lot acres
    Property size
    4,200 SF
    Property type
    Manufacturing properties
    APN
    64.23.42.025088
    APU
    642342025088

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $425,000
      6.5%
      $395,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $318,000
      Market price range: $81.9k - $319k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $405,000
      Current use
      WAREHOUSE, STORAGE
      $410,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4646
    Latitude
    43.9675
    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
    $14,232
    $157,800
    $354,300
    $512,100
    -
    $157,800
    $354,300
    $512,100

    Comparable in this City

    • Value Estimation
      $825,000
      57,468 SF

      320 2nd SW Ave

      MANUFACTURING (LIGHT) • 57,468 SF
      320 2nd SW Ave, Rochester, MN 55902-3330
      View Details
    • Value Estimation
      $525,000
      17,640 SF

      6610 10th SW Ave

      MANUFACTURING (LIGHT) • 17,640 SF
      6610 10th SW Ave, Rochester, MN 55902-2509
      View Details
    • Value Estimation
      $930,000
      46,346 SF

      2907 Hwy 30th SW

      MANUFACTURING (LIGHT) • 46,346 SF
      2907 Hwy 30th SW, Rochester, MN 55902-1726
      View Details
    • Value Estimation
      $400,000
      7,500 SF

      1765 Hwy 30th SW

      MANUFACTURING (LIGHT) • 7,500 SF
      1765 Hwy 30th SW, Rochester, MN 55902-2579
      View Details
    • Value Estimation
      $370,000
      3,630 SF

      626 1st SW Ave

      MANUFACTURING (LIGHT) • 3,630 SF
      626 1st SW Ave, Rochester, MN 55902-3305
      View Details
    • Value Estimation
      $520,000
      17,760 SF

      6670 11th SW Ave

      MANUFACTURING (LIGHT) • 17,760 SF
      6670 11th SW Ave, Rochester, MN 55902-2500
      View Details

    Similar Nearby for Sale

    • $3,811,560
      46,600 SF

      Industrial Buildings in South Rochester

      Two industrial buildings suitable for manufacturing, assembly, and storage.
      401 20Th St SE, Rochester, MN 55902
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    • $2,500,000
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      Rochester Warehouse & Land Investment

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    • $1,596,000
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      Rochester Industrial Property for Sale

      Industrial property in established district with broad range of uses.
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    • $1,900,000
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      Versatile Commercial Property Near Downtown

      Adaptable space suitable for retail, warehouse, or mixed-use ventures.
      407 2Nd Ave NW, Rochester, MN 55902
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    • $3,800,000
      9,400 SF

      Prime Land with Leased Warehouses

      9.7 acres with two warehouses and billboard lease income.
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      Spacious Townhome Near Downtown

      Light-filled townhome with loft, close to downtown shopping and Mayo.
      1975 Waterford Pl SW, Rochester, MN 55902
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    Similar Nearby for Lease

    • $22 SF/Yr
      3,000 SF

      Warehouse and Land For Rent

      3,000 SF warehouse with 2.73 acres of land.
      7004 11Th Ave SW, Rochester, MN 55902
      View Details
    • $1,142,400
      14,280 SF

      Rochester Warehouse Space Available

      Warehouse space for rent in Rochester, Minnesota.
      1906 3Rd Ave SE, Rochester, MN 55902
      View Details
    • Contact for pricing
      1,744 SF

      Downtown Rochester Office/Retail Space

      Turn-key office/retail space near Mayo Clinic in downtown Rochester.
      101 1St Ave SW, Rochester, MN 55902
      View Details
    • Contact for pricing
      13,032 SF

      Rochester Office Space Available

      Office space available for rent in Rochester, Minnesota.
      300 2Nd Ave SW, Rochester, MN 55902
      View Details
    • $18 SF/Yr
      3,677 SF

      Downtown Corner Retail/Office Space

      Newly renovated retail/office spaces in downtown location near Mayo Clinic.
      21 1St St SW, Rochester, MN 55902
      View Details
    • $25 SF/Yr
      665,268 SF

      Berkman Office/Retail Space Available

      Prime Rochester, MN location. Flexible spaces, high visibility.
      217 14Th Ave, Rochester, MN 55902
      View Details
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    3715 Commercial SW Dr
    Rochester, MN 55902
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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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