1624 HastingsNewport, MN 55055

  • Retail properties
  • 5,306 SF
Off market
$1,553,000 Estimated

Property Details for 1624 Hastings

Year built
1992
Lot size
1.43 AC
Property size (Sq ft)
5,306 SF
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
36-028-22-22-0001
APU
3602822220001

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,434,037
    6.5%
    $1,323,727
    7%
    $1,229,175
  • Comparable approach

    Method
    Valuation
    Relative Method
    $682,462
    Geo Method
    $682,462
  • Alternative Use

    Use
    Valuation
    Residential
    $1,116,613
    Hospitality
    $1,022,812
    Educational
    $850,967
    Medical
    $880,233
    Retail
    $1,323,727
1624 Hastings, Newport, Minnesota
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Location Insight

City
Newport
County
Washington
State
Minnesota
Latitude
44.8738
Longitude
-92.9998
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 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
$49,586
$454,900
$1,098,100
$1,553,000
-
$454,900
$1,098,100
$1,553,000

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