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    Property profile & analytics

    103 7th N St Hoffman, MN 56339

    • Commercial real estate
    • 3,384 SF
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US46-2530308
    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

    • Erickson-Smith Funeral Home & Cremation Service / Funeral Home

    Property Details for 103 7th N St

    Year built
    2000
    Property size
    3,384 SF
    Property type
    Commercial real estate
    APN
    21-0267-500
    APU
    210267500

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hoffman
    County
    Grant
    State
    Minnesota
    Longitude
    -95.7836
    Latitude
    45.8318

    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
    $2,402
    $23,500
    $122,700
    $146,200
    -
    $23,500
    $122,700
    $146,200

    Comparable in this City

    • Value Estimation by Request

      205 Main Ave

      COMMERCIAL (GENERAL)
      205 Main Ave, Hoffman, MN 56339
      View Details
    • Value Estimation by Request
      6,840 SF

      101 Alaska Ave

      COMMERCIAL (GENERAL) • 6,840 SF
      101 Alaska Ave, Hoffman, MN 56339
      View Details
    • Value Estimation by Request
      280 SF

      131 Main Ave

      COMMERCIAL (GENERAL) • 280 SF
      131 Main Ave, Hoffman, MN 56339
      View Details
    • Value Estimation by Request

      101 Dakota Ave

      COMMERCIAL (GENERAL)
      101 Dakota Ave, Hoffman, MN 56339-6901
      View Details
    • Value Estimation
      $365,000
      1.27 Acres

      129 Memorial NW Dr

      COMMERCIAL (GENERAL) • 1.27 Acres
      129 Memorial NW Dr, Hoffman, MN 56339-4015
      View Details
    • Value Estimation by Request
      1.00 Acre

      127 Memorial SE Dr

      COMMERCIAL (GENERAL) • 1.00 Acre
      127 Memorial SE Dr, Hoffman, MN 56339-4024
      View Details

    Similar Nearby for Sale

    • $109,000
      0.79 Acres

      Red Rock Lake Buildable Lot

      Level lot with 100 feet of lake frontage.
      000 Red Rock Shrs Dr SW, Hoffman, MN 56339
      View Details
    • $109,900
      5.86 Acres

      Residential Land in Hoffman, MN

      5.86-acre residential land parcel, ideal for development or private estate.
      1St St N, Hoffman, MN 56339
      View Details
    • $215,000
      64.40 Acres

      Restored Prairie Land with Building Site

      64.4 acres of restored prairie with building site.
      64.4 Acres Westridge Ln, Hoffman, MN 56339
      View Details
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    103 7th N St
    Hoffman, MN 56339
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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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