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    Property profile & analytics

    1235 7th St Lake City, MN 55041-1264

    • Car washes
    • 3,348 SF
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US46-1223588
    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

    • Stables / Car Wash

    Property Details for 1235 7th St

    Year built
    2007
    Property size
    3,348 SF
    Property type
    Car washes
    APN
    54.135.0070
    APU
    541350070

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $390,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $405,000
      Retail
      $435,000
      Mixed-Use
      $370,000
      Hospitality
      $440,000
      Educational
      $460,000
      Residential Income
      $425,000
      Energy
      $365,000
      Income-Based Land
      $345,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.2864
    Latitude
    44.4554
    CBSA code
    39860
    CBSA name
    RED WING, 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
    $6,192
    $41,500
    $216,400
    $257,900
    -
    $41,500
    $216,400
    $257,900

    Comparable in this City

    • Value Estimation by Request
      1,736 SF

      994 Lyon Ave

      CAR WASH • 1,736 SF
      994 Lyon Ave, Lake City, MN 55041-2014
      View Details
    • Value Estimation by Request
      8,585 SF

      221 Franklin St

      PARKING GARAGE, PARKING STRUCTURE • 8,585 SF
      221 Franklin St, Lake City, MN 55041-1045
      View Details
    • Value Estimation
      $260,000
      2,160 SF

      200 8th St

      AUTO REPAIR, GARAGE • 2,160 SF
      200 8th St, Lake City, MN 55041-1569
      View Details
    • Value Estimation
      $350,000
      1,872 SF

      2301 Hwy 61st Blvd

      AUTO REPAIR, GARAGE • 1,872 SF
      2301 Hwy 61st Blvd, Lake City, MN 55041-4402
      View Details
    • Value Estimation
      $295,000
      5,450 SF

      Lake

      AUTO REPAIR, GARAGE • 5,450 SF
      Lake, City, MN 55041
      View Details
    • Value Estimation
      $275,000
      1,260 SF

      601 8th St

      AUTO REPAIR, GARAGE • 1,260 SF
      601 8th St, Lake City, MN 55041
      View Details

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    1235 7th St
    Lake City, MN 55041-1264
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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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