422 5thRochester, MN 55902

Off market
$719,600 Estimated
  • Hotels
  • 16,302 SF

Property Details for 422 5th

Year built
1968
Lot size
0.34 AC
Property size (Sq ft)
16,302 SF
Property type
Hotels
APN
64.02.21.009154
APU
640221009154

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,047,996
    6.5%
    $2,813,535
    7%
    $2,612,568
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,955,327
    Geo Method
    $1,955,327
  • Alternative Use

    Use
    Valuation
    Residential
    $3,071,562
    Hospitality
    $2,813,535
    Educational
    $2,340,828
    Medical
    $2,421,333
    Retail
    $3,641,288
422 5th, Rochester, Minnesota

Location Insight

City
Rochester
County
Olmsted
State
Minnesota
Latitude
44.0179
Longitude
-92.4693
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
$21,720
$424,600
$295,000
$719,600
-
$424,600
$295,000
$719,600

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