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Property profile & analytics
FOR LEASE
Industrial properties
6301 Bandel Rd NW, Rochester, MN 55901
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-1285745
For Lease
1 / 2
$11 SF/Yr
6301 Bandel Rd NW, Rochester, MN 55901
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Total area
82,755 SF
Lot
5.98 ac (260,315 SF)
APN
74.09.21.070010
UPID
US46-1285745
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
-
Johnson Controls Rochester Office HVAC Service General Contractor
-
Agiliti Production Facility
-
Burn Boot Camp Gym & Fitness Center
-
Quincify -- Rochester Advertising Agency Marketing & Advertising
-
Hunt Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.78M
Owner & transaction history
Rochester Commercial Proeprties LLC · 2 yrs held
Rochester Commercial Proeprties LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,775,000
ML approach
$3,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±10% · vs last sale $3.78M (Jul 8 2024)
Last sale anchor
$3.78M
Jul 8 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
$46 / 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
$159,680
Tax year 2023
Assessed value
$5,684,600
Assessed 2023
Previous assessed
$4,815,200
+18.1% YoY
Effective rate
2.81%
On assessed value
Assessed land
$1,609,900
Assessed improvement
$4,074,700
Land market value
$1,609,900
Improvement market value
$4,074,700
Total market value
$5,684,600
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1999
Heating
NONE
Bathrooms
14
Total area
82,755 SF
Lot
5.98 ac (260,315 SF)
APN
74.09.21.070010
UPID
US46-1285745
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
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Bathrooms
14
Lot
5.98 ac
Current owner
From public records · entity-resolved
Rochester Commercial Proeprties LLC
Entity
Mailing address
PO BOX 1123, CHANHASSEN, MN 55317-1123
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
—
Rochester Commercial Proeprties LLC
Rochester Properties LLC
Quit Claim Deed
related
$5,430,000 · Royal Cu
Aug 31, 2011
$3,775,000
Rochester Properties LLC
Rch IV Mn LLC
Limited Warranty Deed
$3,000,000 · Northeast Bank
Feb 17, 2011
—
Rch IV Mn LLC
Rch Mortgage Fund IV LLC
Sheriffs Deed
related
—
Feb 2, 2011
$5,234,073
Rch Mortgage Fund IV LLC
Bloc Properties LLC
Sheriffs Deed
related
—
Apr 17, 2007
$5,250,000
Leeann Properties LLC
Senst Properties LLP
Limited Warranty Deed
—
Apr 17, 2007
$5,425,000
Bloc Properties LLC
Leann Properties LLC
Warranty Deed
$4,460,000 · Column Financial INC
Feb 26, 2007
—
Lee Ann Properties LLC
Leroy G Hall
Contract Sale
—
Jan 28, 2005
—
Thomas E Senst
Sharon L Senst
Quit Claim Deed
related
—
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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