Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    793 16th SW St Rochester, MN 55902-2668
    Back to Search
    Property profile & analytics

    793 16th SW St Rochester, MN 55902-2668

    View on Map
    • Strip malls
    • 10,044 SF
    • 2.08 lot acres
    Off-Market
    Last Sale Dec 29, 2021
    $5,530,000
    Property ID
    US46-2848606
    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.
    Value Estimations
    $5,715,000
    Show details
    Cap Rate Potential
    2.2%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Associated Bank / Bank / Loan Service
    • First Meeting Noodle / Restaurant
    • Buffalo Wild Wings / Restaurant

    Property Details for 793 16th SW St

    Year built
    2018
    Lot size
    2.08 lot acres
    Property size
    10,044 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    64.11.23.083648
    APU
    641123083648

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,940,000
      ML approach
      $5,855,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.4743
    Latitude
    44.0006
    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
    $144,634
    $1,009,100
    $1,556,400
    $2,565,500
    -
    $1,009,100
    $1,556,400
    $2,565,500

    Comparable in this City

    • Value Estimation
      $530,000
      9,880 SF

      90 14th SW St

      SHOPPING CENTER, STRIP CENTER • 9,880 SF
      90 14th SW St, Rochester, MN 55902-3821
      View Details
    • Value Estimation by Request
      8,320 SF

      123 16th SW Ave

      SHOPPING CENTER, STRIP CENTER • 8,320 SF
      123 16th SW Ave, Rochester, MN 55902-4505
      View Details
    • Value Estimation by Request
      7,928 SF

      408 Xrds SW Dr

      SHOPPING CENTER, STRIP CENTER • 7,928 SF
      408 Xrds SW Dr, Rochester, MN 55902-2197
      View Details
    • Value Estimation
      $735,000
      25,440 SF

      420 Xrds SW Dr

      SHOPPING CENTER, STRIP CENTER • 25,440 SF
      420 Xrds SW Dr, Rochester, MN 55902-2197
      View Details
    • Value Estimation by Request
      11,780 SF

      230 20th SW Ave

      SHOPPING CENTER, STRIP CENTER • 11,780 SF
      230 20th SW Ave, Rochester, MN 55902-0895
      View Details
    • Value Estimation
      $1,290,000
      6,480 SF

      815 Apache SW Ln

      SHOPPING CENTER, STRIP CENTER • 6,480 SF
      815 Apache SW Ln, Rochester, MN 55902-2175
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,156 SF

      Highway Frontage Commercial Site

      Nearly 4-acre commercial site with highway frontage and exposure.
      4444 Us 52, Rochester, MN 55902
      View Details
    • Contact for pricing
      46,014 SF

      Prime Downtown Location Near Mayo

      Versatile space ideal for restaurant, retail, or office use.
      14 2Nd St SW, Rochester, MN 55902
      View Details
    • $99,900
      0.25 Acres

      Residential Lot in Quiet Area

      Residential lot for sale in Rochester, MN, close to downtown.
      4Th Ave SW, Rochester, MN 55902
      View Details
    • $14,500,000

      Rochester Hotels Near Mayo Clinic

      Two independent hotels with repositioning potential near Mayo Clinic.
      1215 2Nd St Southwest Rochester Minnesota, Rochester, MN 55902
      View Details
    • $6,500,000

      Rochester Multifamily Investment Opportunity

      26-unit multifamily property in Rochester's Uptown neighborhood, built in 2019.
      1935 2Nd St SW, Rochester, MN 55902
      View Details
    • $375,000
      2.52 Acres

      Land in Woodland Valley Estates

      Spacious lots in a scenic, nature-filled community.
      L1B1 Meadow Crossing Ln SW, Rochester, MN 55902
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,470 SF

      Retail Spaces in Crossroads Center

      Three retail spaces for lease in established Rochester shopping center.
      1201 S Broadway, Rochester, MN 55902
      View Details
    • Contact for pricing

      Retail Spaces in Crossroads Center

      Three retail spaces for lease in established Rochester shopping center.
      1201 Broadway Ave S, Rochester, MN 55902
      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 55902
      View Details
    • Contact for pricing
      1,022 SF

      Downtown Corner Retail/Office Space

      Newly renovated retail/office spaces in downtown location near Mayo Clinic.
      21 1St St SW, Rochester, MN 55902
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,744 square feet.
      101 1St Ave SW, Rochester, MN 55902
      View Details

    Property Visit Statistics

    • Visits by month
      27.6k
    • Visitors by month
      24.0k
    • Avg Time on site
      52 min
    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.
    793 16th SW St
    Rochester, MN 55902-2668
    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

    Thank You for Inquiry
    793 16th SW St, Rochester, MN, 55902
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!