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    Property profile & analytics

    1009 1st E St Park Rapids, MN 56470-1751

    • Hotels
    • 29,488 SF
    • 2.54 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2934525
    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

    • Hotels

    Property Details for 1009 1st E St

    Year built
    1990
    Lot size
    2.54 lot acres
    Property size
    29,488 SF
    Property type
    Hotels
    APN
    32.24.05400
    APU
    322405400

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Park Rapids
    County
    Hubbard
    State
    Minnesota
    Longitude
    -95.0412
    Latitude
    46.9229

    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
    $56,838
    $244,300
    $1,718,600
    $1,962,900
    -
    $244,300
    $1,718,600
    $1,962,900

    Comparable in this City

    • Value Estimation by Request
      5.01 Acres

      14170 Crooked Riv Dr

      HOTEL-RESORT • 5.01 Acres
      14170 Crooked Riv Dr, Park Rapids, MN 56470-6513
      View Details
    • Value Estimation by Request
      40.00 Acres

      Park

      HOTEL-RESORT • 40.00 Acres
      Park, Rapids, MN 56470
      View Details
    • Value Estimation by Request
      0.94 Acres

      Park

      HOTEL-RESORT • 0.94 Acres
      Park, Rapids, MN 56470
      View Details
    • Value Estimation
      $2,635,000
      22,464 SF

      1501 1st E St

      HOTEL • 22,464 SF
      1501 1st E St, Park Rapids, MN 56470-6462
      View Details
    • Value Estimation
      $820,000
      1,888 SF

      31926 County Hwy 50

      HOTEL • 1,888 SF
      31926 County Hwy 50, Park Rapids, MN 56470-4063
      View Details
    • Value Estimation by Request
      9.92 Acres

      14168 Crooked Riv Dr

      HOTEL-RESORT • 9.92 Acres
      14168 Crooked Riv Dr, Park Rapids, MN 56470
      View Details

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    • $495,000
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      Prime Park Rapids Office Space

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      201 1St St, Park Rapids, MN 56470
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    • $195,000
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      20+ Acre Lakeshore Lot

      20+ acre lakeshore lot near thousands of acres of state land.
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    • $37,500
      1.13 Acres

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      1.13 acre wooded lot near Headwaters Golf Course.
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    • $350,000
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      Live/Work Property with River View

      Mixed-use property with commercial space and apartment, river views.
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    • $95,000
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    Property Visit Statistics

    • Visits by month
      478
    • Visitors by month
      165
    • Avg Time on site
      491 min
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    Park Rapids, MN 56470-1751
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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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