Property profile

517 2nd NW Ave Rochester, MN 55901

OFF-MARKET
Manufacturing properties
Property ID
US46-0059832
11,648 SF 0.44 ac lot Built 1895
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1895
Total area 11,648 SF
Lot 0.44 ac (19,036 SF)
APN 74.35.42.018507
UPID US46-0059832

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
  • Storage Facility
  • Auto Repair Shop

Location

517 2nd NW Ave Rochester, MN 55901-2881
Rochester metro Census 600 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.29M
CAP Approach CAP
$1.09M
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$1.22M

Owner & transaction history

since 2023
Last sale
$1.5M
3 recorded transactions
2023
$1.5M
2023
$1.5M
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.0M +80.8%
Retail stores $1.9M +65.9%
Commercial (general) $1.8M +63.3%

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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