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    Property profile & analytics

    121 2nd NW Ave Sleepy Eye, MN 56085-1308

    • Office buildings
    • 8,996 SF
    OFF-MARKET
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US46-2448541
    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

    • Office buildings

    Property Details for 121 2nd NW Ave

    Year built
    1950
    Property size
    8,996 SF
    Zone code
    I1
    Property type
    Office buildings
    APN
    002.000.025.05.050
    APU
    200002505050

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sleepy Eye
    County
    Brown
    State
    Minnesota
    Longitude
    -94.7239
    Latitude
    44.2979
    CBSA code
    35580
    CBSA name
    NEW ULM, 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
    $3,600
    $17,000
    $181,400
    $198,400
    -
    $17,000
    $181,400
    $198,400

    Comparable in this City

    • Value Estimation
      $50,000
      420 SF

      828 Walnut SW St

      OFFICE BUILDING • 420 SF
      828 Walnut SW St, Sleepy Eye, MN 56085-1153
      View Details
    • Value Estimation by Request
      1,440 SF

      22947 280th Ave

      OFFICE BUILDING • 1,440 SF
      22947 280th Ave, Sleepy Eye, MN 56085
      View Details
    • Value Estimation by Request
      2,427 SF

      140 Main W St

      OFFICE BUILDING • 2,427 SF
      140 Main W St, Sleepy Eye, MN 56085-1328
      View Details
    • Value Estimation by Request
      14,475 SF

      32296 190th St

      OFFICE BUILDING • 14,475 SF
      32296 190th St, Sleepy Eye, MN 56085-4374
      View Details
    • Value Estimation by Request
      8,030 SF

      24571 225th Ave

      OFFICE BUILDING • 8,030 SF
      24571 225th Ave, Sleepy Eye, MN 56085
      View Details
    • Value Estimation
      $220,000
      1,735 SF

      225 Main E St

      OFFICE BUILDING • 1,735 SF
      225 Main E St, Sleepy Eye, MN 56085-1637
      View Details

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    Sleepy Eye, MN 56085-1308
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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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