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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Office buildings
6188 Rome NW Cir, Rochester, MN 55901-4846
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-1361883
Property summary
AI-generated overview
This exceptional Class A office building, constructed in 2007, offers 7,124 square feet of space situated on a 0.82-acre lot in Rochester, Minnesota. The property, identified by APN 740924077150 in Olmsted County, features a single, one-story building with two suites. Currently, 2,963 square feet of office space is available for lease or sale. The building boasts abundant natural light and a convenient location with easy access to Highway 52. The owner is open to negotiating tenant improvement allowances and is exploring creative financing options for potential buyers. This presents a unique opportunity for businesses seeking high-quality, well-located office space in a thriving market. The property is categorized as a traditional office building and is suitable for multiple tenants. Interested parties should note that the total building size is 7,124 square feet. The property's address is 6188 Rome Circle NW, Rochester, MN 55901.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
7,124 SF
Lot
0.82 ac (35,632 SF)
APN
74.09.24.077150
UPID
US46-1361883
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
-
Regal Roofing Roofing Company General Contractor
-
Legacy Restoration LLC General Contractor
-
Grove Dale Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.19M
Owner & transaction history
Rochester Professional Suites LLC · 1 yrs held
Rochester Professional Suites LLC
since 2024
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+11.7%
Retail stores
$1.1M
+2.5%
Commercial (general)
$1.1M
+0.9%
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
$1,115,000
Current use
RESTAURANT
$1,245,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$1,145,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,125,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,125,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.40M (Aug 27 2024)
Last sale anchor
$1.40M
Aug 27 2024
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
$167 / 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
$35,772
Tax year 2023
Assessed value
$1,245,000
Assessed 2021
Previous assessed
$1,245,000
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$106,900
Assessed improvement
$1,138,100
Land market value
$106,900
Improvement market value
$1,138,100
Total market value
$1,245,000
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
2007
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
7,124 SF
Lot
0.82 ac (35,632 SF)
APN
74.09.24.077150
UPID
US46-1361883
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
$1.1M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
2007
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Rochester Professional Suites LLC
Entity
Mailing address
2156 GLENVIEW LN NE, ROCHESTER, MN 55906-8398
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
$1,399,000
Rochester Professional Suites LLC
Compass Point LLC
Deed
$1,199,000 · Compass Point LLC
Jun 28, 2019
—
Compass Point LLC
—
Deed
related
$615,000 · Us Bank NA
Oct 10, 2006
$267,269
Compass Point LLC
Billman Orr Enterprises LLC
Warranty Deed
$1,200,000 · Us Bank NA
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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