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    Property profile & analytics

    1605 Heritage Dr Northfield, MN 55057-3265

    • Banks
    • 12,593 SF
    • 2.21 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1460119
    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

    • Banks

    Property Details for 1605 Heritage Dr

    Year built
    2004
    Lot size
    2.21 lot acres
    Property size
    12,593 SF
    Property type
    Banks
    APN
    22.11.1.78.001
    APU
    2211178001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Rice
    State
    Minnesota
    Longitude
    -93.1843
    Latitude
    44.4367
    CBSA code
    22060
    CBSA name
    FARIBAULT-NORTHFIELD, 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
    2024
    $203,798
    $502,700
    $5,621,600
    $6,124,300
    -
    $502,700
    $5,621,600
    $6,124,300

    Comparable in this City

    • Value Estimation by Request
      6,222 SF

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      2,160 SF

      618 Division S St

      FINANCIAL BUILDING • 2,160 SF
      618 Division S St, Northfield, MN 55057-2487
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    • Value Estimation by Request
      3,264 SF

      1611 Honey Locust Dr

      FINANCIAL BUILDING • 3,264 SF
      1611 Honey Locust Dr, Northfield, MN 55057-3372
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    • Value Estimation by Request
      5,575 SF

      2000 Honey Locust Dr

      FINANCIAL BUILDING • 5,575 SF
      2000 Honey Locust Dr, Northfield, MN 55057-2061
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    • Value Estimation by Request
      7,692 SF

      700 Water S St

      FINANCIAL BUILDING • 7,692 SF
      700 Water S St, Northfield, MN 55057-2435
      View Details
    • Value Estimation by Request
      2,017 SF

      329 Division S St

      FINANCIAL BUILDING • 2,017 SF
      329 Division S St, Northfield, MN 55057-2071
      View Details

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      Northfield Commercial/Industrial Land Parcel

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    1605 Heritage Dr
    Northfield, MN 55057-3265
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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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