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    Property profile & analytics

    1720 Bassett Dr Mankato, MN 56001-6569

    • Office buildings
    • 4,818 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $910,000
    Last Sale
    Dec 12, 2022
    $899,000
    Location Intelligence
    Property ID
    US46-1972743
    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

    • Caravel Autism Health / Mental Health Service / Child Health Care Centre
    • Denis Engle / Psychologist
    • Poolwerx Performance Pool & Spa / Hot Tub Store
    • Kimberly Royer / Health
    • Azeneth Gilbertson / Counselor

    Property Details for 1720 Bassett Dr

    Year built
    2006
    Lot size
    0.11 lot acres
    Property size
    4,818 SF
    Property type
    Office buildings
    APN
    R01.09.16.127.009
    APU
    R010916127009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $925,000

    • CAP approach

      CAP return
      Estimation
      6%
      $950,000
      6.5%
      $845,000
      7%
      $860,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $820,000
      Geo Method
      $910,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $935,000
      Retail
      $865,000
      Mixed-Use
      $820,000
      Hospitality
      $930,000
      Educational
      $1,030,000
      Residential Income
      $1,030,000
      Energy
      $1,040,000
      Income-Based Land
      $1,060,000
      Food Service
      $880,000

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9597
    Latitude
    44.1649
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, 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
    $21,558
    $75,800
    $761,200
    $837,000
    -
    $75,800
    $761,200
    $837,000

    Comparable in this City

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      OFFICE BUILDING • 2,418 SF
      1021 Madison Ave, Mankato, MN 56001-6143
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      19,116 SF

      601 Reed St

      OFFICE BUILDING • 19,116 SF
      601 Reed St, Mankato, MN 56001
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    • Value Estimation by Request
      25,191 SF

      700 Riverfront Dr

      OFFICE BUILDING • 25,191 SF
      700 Riverfront Dr, Mankato, MN 56001-2338
      View Details
    • Value Estimation
      $220,000
      1,310 SF

      120 Augusta Ct Ste 106a

      OFFICE BUILDING • 1,310 SF
      120 Augusta Ct Ste 106a, Mankato, MN 56001-7719
      View Details
    • Value Estimation by Request
      4,532 SF

      329 Ellis Ave

      OFFICE BUILDING • 4,532 SF
      329 Ellis Ave, Mankato, MN 56001-4006
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $575,000
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      Stand alone office building with multiple private offices and exam rooms.
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      9,748 SF

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      3,450 SF

      Renovated Office Space Available

      Office spaces for lease in downtown Mankato's Hubbard Building.
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    • Contact for pricing
      69,000 SF

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      Downtown Mankato office space, 1,535 sq ft.
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    • Contact for pricing
      4,000 SF

      Executive Office Suite, Mankato

      1,940 SF Office Space Available Now
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    • $216 SF/Yr
      69,000 SF

      Mankato Riverfront Office Space

      Downtown Mankato Class A Office Suite
      201 Riverfront Dr, Mankato, MN 56001
      View Details
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    Mankato, MN 56001-6569
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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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