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Property profile & analytics
OFF-MARKET
Estimated value
$3,380,000
Warehouses
426 Service NE Ct, Rochester, MN 55906-8399
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-1709055
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2013
Total area
22,686 SF
Lot
1.26 ac (55,103 SF)
APN
74.24.23.056270
UPID
US46-1709055
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
-
Classic Storage Northeast Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$3.38M
Owner & transaction history
Aspire Properties LLC · 6 yrs held
Aspire Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+80.2%
Retail stores
$3.6M
+65.4%
Commercial (general)
$3.6M
+62.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,985,000
6.5%
$2,755,000
7%
$2,560,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,205,000
Current use
RESTAURANT
$3,970,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$3,645,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,585,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,585,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$3,555,000
Change: +61% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,195,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$3.38M
Range $3.04M – $3.72M · ±10%
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
$149 / 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
$33,736
Tax year 2023
Assessed value
$1,321,200
Assessed 2021
Previous assessed
$1,321,200
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$275,600
Assessed improvement
$1,045,600
Land market value
$275,600
Improvement market value
$1,045,600
Total market value
$1,321,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Heating
NONE
Total area
22,686 SF
Lot
1.26 ac (55,103 SF)
APN
74.24.23.056270
UPID
US46-1709055
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
RESTAURANT
Est. value
$4.0M
RETAIL STORES
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2013
Heating
NONE
Lot
1.26 ac
Current owner
From public records · entity-resolved
Aspire Properties LLC
Entity
Mailing address
1410 7TH ST NE, ROCHESTER, MN 55906-7116
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
—
Aspire Properties LLC
—
Deed
related
$150,000 · Pine Island Bank
Oct 10, 2019
$3,500,000
Aspire Properties LLC
David R Niebuhr
Deed
$2,600,000 · Pine Island Bank
Oct 10, 2019
—
David R Niebuhr
David R Niebuhr
Intrafamily Transfer
related
—
Aug 14, 2013
—
David R Niebuhr
David R Neibuhr
Intrafamily Transfer
related
$700,000 · Sterling State Bank
May 29, 2013
$250,000
The Niebuhr Faimly Trust
Lni Floorco LLC
Warranty Deed
—
Jan 22, 2013
—
Lni Floorco LLC
Leslie E Nelson
Limited Warranty Deed
—
Apr 21, 2011
—
Leslie E Nelson
Associated Bank NA
Quit Claim Deed
related
—
Nov 10, 2010
$124,030
Leslie A Nelson
Donald L Shreve
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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