Property profile

413 3rd SE Ave Rochester, MN 55904

OFF-MARKET
Office buildings
Property ID
US46-1282211
3,240 SF 0.14 ac lot Built 1962
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1962
Total area 3,240 SF
Lot 0.14 ac (6,011 SF)
APN 64.02.11.014488
UPID US46-1282211

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

413 3rd SE Ave Rochester, MN 55904-4876
Rochester metro Census 300 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
$591k
Blend (final) Blend
$670k

Owner & transaction history

since 2022
Last sale
$650,000
2 recorded transactions
2022
$650,000
2022
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $520,000 +2.6%
Retail stores $520,000 +2.5%
Auto repair, garage $510,000 +0.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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