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    Property profile & analytics

    44 4th SE St Rochester, MN 55904-3751

    • Investment properties
    • 2,250 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    8.8%
    Investment properties
    Location Intelligence
    Property ID
    US46-1418191
    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

    • Schatz Law Firm / Attorney / Criminal Justice Attorney

    Property Details for 44 4th SE St

    Year built
    1920
    Lot size
    0.06 lot acres
    Property size
    2,250 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    64.02.11.014505
    APU
    640211014505

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $370,000
      6.5%
      $345,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $365,000
      Market price range: $180k - $589k
      AI Estimate
      $210,000
      Market price range: $96.1k - $346k

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4611
    Latitude
    44.0191
    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
    $9,158
    $40,100
    $175,400
    $215,500
    -
    $40,100
    $175,400
    $215,500

    Comparable in this City

    • Value Estimation
      $540,000
      9,344 SF

      6611 Hwy 52nd S

      OFFICE/RESIDENTIAL (MIXED USE) • 9,344 SF
      6611 Hwy 52nd S, Rochester, MN 55904-6332
      View Details
    • Value Estimation
      $470,000
      3,015 SF

      824 4th SE St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,015 SF
      824 4th SE St, Rochester, MN 55904-7207
      View Details
    • Value Estimation
      $230,000
      988 SF

      5965 Hwy 14th E

      OFFICE/RESIDENTIAL (MIXED USE) • 988 SF
      5965 Hwy 14th E, Rochester, MN 55904-8605
      View Details
    • Value Estimation
      $280,000
      6,363 SF

      318 Broadway S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,363 SF
      318 Broadway S Ave, Rochester, MN 55904-6564
      View Details
    • Value Estimation
      $215,000
      5,339 SF

      317 Broadway S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,339 SF
      317 Broadway S Ave, Rochester, MN 55904-6506
      View Details
    • Value Estimation
      $235,000
      1,936 SF

      25 Conway SE Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 1,936 SF
      25 Conway SE Ct, Rochester, MN 55904-8404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.01 Acres

      Rochester Mixed-Use Investment Opportunity

      Four Buildings, High Visibility, Price Reduced
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      Downtown Rochester Mixed-Use Gem

      Prime Retail Space, 9,000+ SF, Maven on Broadway
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    • $1,500,000
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      Versatile Estate Near Rochester

      7.5+ acre estate with house, office, and outbuildings.
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    • $875,000
      2.90 Acres

      2039 N Frontage Rd Highway 14 SE Rochester

      Land • 2.90 Acres
      2039 Frontage Rd Hwy 14, Rochester, MN 55904
      View Details
    • $1,000,000

      Prime Commercial Land Opportunity

      Land near retailers, apartments, hotels, and future sports complex.
      45Th St SE, Rochester, MN 55904
      View Details
    • $220,089

      Prime Commercial Lot Opportunity

      0.43-acre commercial/industrial lot in a fast-growing corridor.
      40Th Ave NW, Rochester, MN 55904
      View Details

    Similar Nearby for Lease

    • $18,000 /Mo
      800 SF

      Downtown Rochester Office Space

      800 sq ft Executive Office Suite
      211 Broadway Ave, Rochester, MN 55904
      View Details
    • $30 SF/Yr
      2,866 SF

      Retail Space Next to Dave's

      New construction retail space available for rent next to Dave's.
      1620 S Broadway, Rochester, MN 55904
      View Details
    • Contact for pricing
      1,611 SF

      Retail Spaces Near Sports Complex

      Two retail spaces available for lease near upcoming sports complex.
      4530-4550 Maine Ave SE, Rochester, MN 55904
      View Details
    • $22 SF/Yr
      800 SF

      Downtown Rochester Office Space For Rent

      Prime office space in downtown Rochester with Skyway access.
      211 S Broadway, Rochester, MN 55904
      View Details
    • Contact for pricing
      170 SF

      Professional Office Suites For Lease

      Office suites available in a professional atmosphere.
      Broadway Ave S 1903, Rochester, MN 55904
      View Details
    • $32 SF/Yr
      829 SF

      Move-in Ready Furnished Office Space

      Furnished, skyway-connected office space available for sublease.
      220 S Broadway, Rochester, MN 55904
      View Details
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    44 4th SE St
    Rochester, MN 55904-3751
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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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