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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
3820 Hwy 14th E, Rochester, MN 55904-7824
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-1143144
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1954
Construction
CONCRETE
Total area
2,160 SF
Lot
3.11 ac (135,472 SF)
APN
63.05.41.035555
UPID
US46-1143144
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
$495k
CAP Approach
CAP
$330k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Malone Properties Of Se Minnesota L · 2 yrs held
Malone Properties Of Se Minnesota L
since 2023
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$495,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
$355,000
6.5%
$330,000
7%
$305,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$345,000
Current use
RETAIL STORES
$345,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$340,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$340,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $600k (Aug 22 2023)
Last sale anchor
$600k
Aug 22 2023
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
$234 / 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
$9,112
Tax year 2023
Assessed value
$134,900
Assessed 2022
Previous assessed
$126,900
+6.3% YoY
Effective rate
6.75%
On assessed value
Assessed land
$36,600
Assessed improvement
$98,300
Land market value
$36,600
Improvement market value
$98,300
Total market value
$134,900
Applied tax rate
903.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
FORCED AIR
Buildings
3
Stories
2
Bathrooms
7
Total area
2,160 SF
Lot
3.11 ac (135,472 SF)
APN
63.05.41.035555
UPID
US46-1143144
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
COMMERCIAL (GENERAL) Current
Est. value
$345,000
RETAIL STORES
Est. value
$345,000
AUTO REPAIR, GARAGE
Est. value
$340,000
OFFICE BUILDING
Est. value
$340,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1954
Construction
CONCRETE
Heating
FORCED AIR
Stories
2
Buildings
3
Bathrooms
7
Lot
3.11 ac
Current owner
From public records · entity-resolved
Malone Properties Of Se Minnesota L
Entity
Mailing address
1003 1ST AVE SE, ROCHESTER, MN 55904-6411
Ownership since
2023
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
Aug 22, 2023
$600,000
Malone Properties Of Se Minnesota L
Irish Associates LLC
Contract Sale
$600,000 · Irish Associates LLC
Aug 22, 2023
—
Irish Associates LLC
Five Star Prop Of Southeastern Mn L
Quit Claim Deed
related
—
Mar 27, 2019
—
Five Star Properties Of Southeaster
—
Deed
related
$75,000 · Pine Island Bank
Mar 29, 2017
—
Five Star Properties Of Southeaster
—
Deed
related
$262,500 · Pine Island Bank
Sep 28, 2012
$205,000
Sky High Investments LLC
Eastwood Bank
Limited Warranty Deed
$203,000 · Bonnie Braasch
Jan 9, 2012
—
Eastwood Bank
Eric E Larson
Warranty Deed
—
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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