Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    504 6th NW Ave Rochester, MN 55901-2634

    • Retail properties
    • 8,435 SF
    • 0.71 lot acres
    OFF-MARKET
    Last Sale
    Nov 07, 2023
    $850,000
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1449907
    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

    • Auto Value Rochester / Auto Parts Store
    • Rochester Station / Transit Depot

    Property Details for 504 6th NW Ave

    Year built
    1985
    Lot size
    0.71 lot acres
    Property size
    8,435 SF
    Property type
    Retail properties
    APN
    74.35.31.007599
    APU
    743531007599

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $705,000
      ML approach
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $523,000
      Market price range: $241k - $1.49M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $705,000
      Current use
      RESTAURANT
      $780,000
      Change: +11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $715,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $640,000
      Change: -9% Conversion: Difficult
      MEDICAL BUILDING
      $635,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4703
    Latitude
    44.0282
    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
    $24,896
    $875,900
    $8,800
    $884,700
    -
    $875,900
    $8,800
    $884,700

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      55th 18Th Ave

      Multifamily properties • 1.50 Acres
      55th 18Th Ave, Rochester, MN 55901
      View Details
    • Value Estimation
      $710,000
      11,770 SF

      2955 48th NW St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 11,770 SF
      2955 48th NW St, Rochester, MN 55901-5848
      View Details
    • Value Estimation
      $1,370,000
      32,224 SF

      4646 Hwy 52nd N

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 32,224 SF
      4646 Hwy 52nd N, Rochester, MN 55901-0151
      View Details
    • Value Estimation by Request
      12,104 SF

      1760 52Nd St

      Medical offices • 12,104 SF
      1760 52Nd St, Rochester, MN 55901
      View Details
    • Value Estimation
      $2,735,000
      7,260 SF

      5020 Hwy 52nd N

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,260 SF
      5020 Hwy 52nd N, Rochester, MN 55901-5922
      View Details
    • Value Estimation
      $505,000
      5,608 SF

      1503 Hwy 52nd N

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,608 SF
      1503 Hwy 52nd N, Rochester, MN 55901-0200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      116,168 SF

      Rochester Retail Office Space for Lease

      Furnished Office, Low-Maintenance Lease
      3470 55Th St, Rochester, MN 55901
      View Details
    • Contact for pricing
      1.50 Acres

      Rochester Development Opportunity

      Prime retail, multifamily land. Shovel-ready Fall 2024.
      55th 18Th Ave, Rochester, MN 55901
      View Details
    • $10,370,000
      22,362 SF

      Rochester Retail Center Investment

      High-traffic retail center, strong anchors.
      3780 Marketplace Dr, Rochester, MN 55901
      View Details
    • Contact for pricing
      131,752 SF

      Rochester Retail Institution For Sale

      Grocery-anchored shopping center near Mayo Clinic with strong tenant mix.
      1315 6Th St NW, Rochester, MN 55901
      View Details
    • $6,500,000
      4.04 Acres

      Rochester MN Hotel Opportunity

      Centrally located Rochester, MN hotel near Mayo Clinic.
      435 16Th Ave NW, Rochester, MN 55901
      View Details
    • $875,000
      2,566 SF

      Corner Lot in Lowertown District

      Redevelopment opportunity near Mayo Clinic and downtown Rochester.
      11 5Th St NW, Rochester, MN 55901
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      131,752 SF

      Barlows Plaza: Retail Investment Opportunity

      Grocery-anchored center, prime Rochester location.
      1131 6Th St, Rochester, MN 55901
      View Details
    • $17 SF/Yr
      2,500 SF

      Northwest Plaza Retail Space

      Rochester, MN Retail Opportunity: 2,500 SF Available
      3400 55Th St, Rochester, MN 55901
      View Details
    • $27,000
      8,934 SF

      Wallin Building Suite Available

      975 sq ft Retail/Office Space in Rochester, MN
      5231 Frontage Rd, Rochester, MN 55901
      View Details
    • Contact for pricing
      4,900 SF

      Prime Retail/Restaurant Space in Rochester

      High-traffic location, 1,391 sq ft available
      2040 Viking Dr, Rochester, MN 55901
      View Details
    • $17 SF/Yr
      2,520 SF

      Retail Space in Lowertown District

      Standalone commercial building in Rochester's thriving Lowertown retail district.
      608 7Th St NW, Rochester, MN 55901
      View Details
    • $19 SF/Yr
      5,481 SF

      Turn-Key Retail Space Available

      Retail space in a busy shopping hub near Highway 52.
      24-44 17Th Ave NW, Rochester, MN 55901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    504 6th NW Ave
    Rochester, MN 55901-2634
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.