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    Property profile & analytics

    504 Broadway St Alexandria, MN 56308

    • Retail space
    • 9,827 SF
    • 0.25 lot acres
    For Sale
    View listing
    $1,700
    Value Estimation
    Last Sale
    Feb 25, 2022
    $265,000
    Location Intelligence
    Property ID
    US46-1151029
    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

    • Retail space

    Property Details for 504 Broadway St

    Year built
    2022
    Lot size
    0.25 lot acres
    Property size
    9,827 SF
    Property type
    Retail space
    APN
    63-0943-000
    APU
    630943000

    Description

    This stunning three-story, 30,000 square foot office building in downtown Alexandria offers a unique opportunity for businesses seeking a vibrant and productive workspace. Built in 2023, the property features four suites, with two currently available, each boasting approximately 700 square feet of space. Each suite includes a 10x10 closet, providing ample storage. The building is zoned for business use and sits on a 0.25-acre lot. Enjoy the convenience of a single elevator and stair access. Shared amenities include two modern conference rooms, restrooms, and a kitchenette, fostering collaboration and convenience. The building's chic design creates a sophisticated and inspiring work environment. Located in the heart of downtown, the property benefits from convenient access to public parking lots and on-street parking. A significant advantage is the inclusion of all utilities in the monthly rental rate, which also covers private Wi-Fi internet for each office. Monthly rent ranges from $1,418 to $1,620. The Creative Touch Boutique occupies the first two floors, adding to the building's unique character and downtown appeal. This is an exceptional opportunity to secure prime office space in a thriving urban setting.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $260,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $235,000
      Mixed-Use
      $245,000
      Hospitality
      $215,000
      Educational
      $280,000
      Residential Income
      $220,000
      Energy
      $255,000
      Income-Based Land
      $220,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Douglas
    State
    Minnesota
    Longitude
    -95.3781
    Latitude
    45.8869
    CBSA code
    10820
    CBSA name
    ALEXANDRIA, MN MICROPOLITAN 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
    $1,748
    $86,900
    $933,400
    $1,020,300
    -
    $86,900
    $933,400
    $1,020,300

    Comparable in this City

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    • Value Estimation by Request
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      1515 42nd W Ave

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      306 3rd E Ave

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    • Value Estimation
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      117 5th W Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,388 SF
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    • Value Estimation
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      1616 6th E Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,593 SF
      1616 6th E Ave, Alexandria, MN 56308
      View Details
    • Value Estimation
      $195,000
      1,789 SF

      621 Hawthorne St

      RETAIL STORES (PERSONAL SERVICES) • 1,789 SF
      621 Hawthorne St, Alexandria, MN 56308-1815
      View Details

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    504 Broadway St
    Alexandria, MN 56308
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    Realmo Value Estimation

    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.

    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.

    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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