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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Office buildings
4544 Canal SE Pl, Rochester, MN 55904-4010
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-1935213
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Total area
22,106 SF
Lot
2.02 ac (87,948 SF)
APN
64.26.41.081169
UPID
US46-1935213
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
-
Craig Sawchuk Physician Medical Clinic
-
Anne Stolp Physician
-
Tara Kaufman Physician
-
Debra Baum Pediatrician Physician
-
Alaina Floryance Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.37M
Owner & transaction history
Canal Place Pointe LLC · 1 yrs held
Canal Place Pointe LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+11.7%
Commercial (general)
$3.6M
+2.6%
Retail stores
$3.6M
+2.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,465,000
Current use
RESTAURANT
$3,870,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,555,000
Change: +3% · Conversion: Easy
RETAIL STORES
$3,550,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,495,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±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
$107 / 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
$149,128
Tax year 2023
Assessed value
$4,402,500
Assessed 2021
Previous assessed
$4,402,500
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$879,500
Assessed improvement
$3,523,000
Land market value
$879,500
Improvement market value
$3,523,000
Total market value
$4,402,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Heating
CENTRAL
Cooling
REFRIGERATOR
Total area
22,106 SF
Lot
2.02 ac (87,948 SF)
APN
64.26.41.081169
UPID
US46-1935213
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
OFFICE BUILDING Current
Est. value
$3.5M
RESTAURANT
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2014
Heating
CENTRAL
Cooling
Yes
Lot
2.02 ac
Current owner
From public records · entity-resolved
Canal Place Pointe LLC
Entity
Free & Clear · 1 yrs held
Mailing address
102 BROADWAY AVE S STE 120TH ROCHESTER
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2025
—
Canal Place Pointe LLC
451 Enterprises LLC
Deed
—
Dec 28, 2021
—
L D B E Johnson LLC
Canal Palce Pointe LLC
Quit Claim Deed
related
—
Dec 28, 2021
$1,000,000
451 Enterprises LLC
L D R E Johnson LLC
Warranty Deed
—
Apr 18, 2014
$16,769
Canal Place Pointe LLC
Maine Street Development Company Of
Warranty Deed
—
Apr 18, 2014
$1,346,503
Canal Place Pointe LLC
Maine Street Investors Of Rochester
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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