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    Property profile & analytics

    Rochester, MN 55901

    • Warehouses
    • 5,232 SF
    • 2.58 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0377098
    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

    • Warehouses

    Property Details

    Year built
    1998
    Lot size
    2.58 lot acres
    Property size
    5,232 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    74.33.12.087507
    APU
    743312087507

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $690,000
      6.5%
      $635,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $359,000
      Market price range: $111k - $359k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $535,000
      Current use
      RETAIL STORES
      $840,000
      Change: +57% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $825,000
      Change: +54% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $825,000
      Change: +54% Conversion: Easy
      OFFICE BUILDING
      $820,000
      Change: +53% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $505,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.5098914
    Latitude
    44.0780552
    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
    $23,224
    $337,200
    $492,100
    $829,300
    -
    $337,200
    $492,100
    $829,300

    Comparable in this City

    • Value Estimation
      $3,815,000
      56,290 SF

      2328 Scott NW Rd

      MINI-WAREHOUSE, STORAGE • 56,290 SF
      2328 Scott NW Rd, Rochester, MN 55901-4519
      View Details
    • Value Estimation
      $4,610,000
      29,750 SF

      5815 Bandel NW Rd

      MINI-WAREHOUSE, STORAGE • 29,750 SF
      5815 Bandel NW Rd, Rochester, MN 55901
      View Details
    • Value Estimation by Request
      7,272 SF

      840 40th NW St

      MINI-WAREHOUSE, STORAGE • 7,272 SF
      840 40th NW St, Rochester, MN 55901-1700
      View Details
    • Value Estimation
      $745,000
      13,500 SF

      1116 7th NW St

      MINI-WAREHOUSE, STORAGE • 13,500 SF
      1116 7th NW St, Rochester, MN 55901-1732
      View Details
    • Value Estimation by Request
      2,737 SF

      Rochester, MN 55901

      MINI-WAREHOUSE, STORAGE • 2,737 SF
      Rochester, MN 55901
      View Details
    • Value Estimation
      $5,095,000
      85,041 SF

      950 Pendant NW Ln

      MINI-WAREHOUSE, STORAGE • 85,041 SF
      950 Pendant NW Ln, Rochester, MN 55901-7072
      View Details

    Similar Nearby for Sale

    • $3,500,000
      34,492 SF

      Rochester Industrial Space For Sale

      34,492 SF industrial space with convenient highway access.
      1305 Valleyhigh Dr NW, Rochester, MN 55901
      View Details
    • Contact for pricing

      Climate-Controlled Self-Storage Facility For Sale

      16,352 NRSF climate-controlled self-storage facility with upside potential.
      3112 Valleyhigh Dr NW, Rochester, MN 55901
      View Details
    • Contact for pricing

      Commercial Units for Business Growth

      Commercial units available with overhead doors and essential utilities.
      6169 Rome Cir NW, Rochester, MN 55901
      View Details
    • Contact for pricing
      35,006 SF

      Modern Rochester Office Sublease

      Prime NW Rochester office space, move-in ready.
      3555 9Th St, Rochester, MN 55901
      View Details
    • $309,000
      2.00 Acres

      Residential Lots in Boelter Estates

      Residential lots in NW Rochester with countryside views and easy access.
      L1b2 Boelter Est Ln NW, Rochester, MN 55901
      View Details
    • $229,900
      3.00 Acres

      Residential Land in Rolling Countryside

      Exclusive 2-3 acre building sites near downtown Rochester, MN.
      L7b1 Miller Place Ln NW, Rochester, MN 55901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,636 SF

      Highway 52 Retail/Warehouse Space

      Highly visible retail and warehouse space on Highway 52.
      5139 W Frontage Rd, Rochester, MN 55901
      View Details
    • Contact for pricing
      1,250 SF

      Adaptable Commercial Unit Near Highway

      1,250 SF flex space with drive-in door, convenient location.
      7840 Leqve Dr, Rochester, MN 55901
      View Details
    • Contact for pricing

      Rochester Technology Campus Space Available

      Versatile campus with office, manufacturing, warehouse, and lab space.
      2900 37Th St NW, Rochester, MN 55901
      View Details
    • Contact for pricing

      Rochester Warehouse with Loading Dock

      5,725 SF warehouse with loading dock and truck bays.
      2705 Highway 14 W, Rochester, MN 55901
      View Details
    • Contact for pricing
      1,000,000 SF

      Industrial Space with Existing Tenants

      Large industrial property with established tenants, including IBM.
      3605 Highway 52 North, Rochester, MN 55901
      View Details
    • $14 SF/Yr
      7,216 SF

      Functional Office and Warehouse Space

      7,216 SF commercial property with office and warehouse space.
      3621 9Th St NW, Rochester, MN 55901
      View Details
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    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
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