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    Property profile & analytics

    1608 Industry Ave Park Rapids, MN 56470

    • Manufacturing properties
    • 18,160 SF
    • 3.26 lot acres
    For Sale
    View listing
    $950,000
    Value Estimation
    Last Sale
    Oct 26, 2023
    Location Intelligence
    Property ID
    US46-2116169
    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

    • Manufacturing properties

    Property Details for 1608 Industry Ave

    Year built
    1991
    Lot size
    3.26 lot acres
    Property size
    18,160 SF
    Property type
    Manufacturing properties
    APN
    32.63.00310
    APU
    326300310

    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
    -95.062
    Latitude
    46.9054

    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
    $14,743
    $48,800
    $503,800
    $552,600
    -
    $48,800
    $503,800
    $552,600

    Comparable in this City

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      $250,000
      5,200 SF

      613 Central N Ave

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    • Value Estimation
      $260,000
      9,760 SF

      19139 State 34

      MANUFACTURING (LIGHT) • 9,760 SF
      19139 State 34, Park Rapids, MN 56470-2303
      View Details
    • Value Estimation by Request
      3,456 SF

      Park

      HEAVY MANUFACTURING • 3,456 SF
      Park, Rapids, MN 56470
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    • Value Estimation
      $345,000
      14,400 SF

      19974 129th Ave

      MANUFACTURING (LIGHT) • 14,400 SF
      19974 129th Ave, Park Rapids, MN 56470-3284
      View Details
    • Value Estimation
      $215,000
      3,972 SF

      12823 Emu Dr

      MANUFACTURING (LIGHT) • 3,972 SF
      12823 Emu Dr, Park Rapids, MN 56470-3375
      View Details
    • Value Estimation
      $300,000
      6,480 SF

      13264 Eureka Rd

      MANUFACTURING (LIGHT) • 6,480 SF
      13264 Eureka Rd, Park Rapids, MN 56470-3319
      View Details

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    1608 Industry Ave
    Park Rapids, MN 56470
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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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