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    Property profile & analytics

    18 3rd St Royalton, MN 56373

    • Turn key restaurants
    • 3,108 SF
    OFF-MARKET
    Value Estimation
    $230,000
    Location Intelligence
    Property ID
    US46-1917230
    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

    • Turn key restaurants

    Property Details for 18 3rd St

    Year built
    1902
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    3,108 SF
    Property type
    Turn key restaurants
    APN
    44.0365.000
    APU
    440365000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Royalton
    County
    Morrison
    State
    Minnesota
    Longitude
    -94.2939
    Latitude
    45.8303

    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
    $3,208
    $7,900
    $131,500
    $139,400
    -
    $7,900
    $131,500
    $139,400

    Comparable in this City

    • Value Estimation
      $220,000
      2,906 SF

      12 3rd St

      RESTAURANT • 2,906 SF
      12 3rd St, Royalton, MN 56373
      View Details
    • Value Estimation
      $255,000
      2,720 SF

      109 Ctr E St

      RESTAURANT • 2,720 SF
      109 Ctr E St, Royalton, MN 56373
      View Details
    • Value Estimation
      $250,000
      2,667 SF

      624 Cedar St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,667 SF
      624 Cedar St, Royalton, MN 56373-4542
      View Details
    • Value Estimation
      $200,000
      2,734 SF

      212 Ctr St

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,734 SF
      212 Ctr St, Royalton, MN 56373-4404
      View Details
    • Value Estimation by Request
      7,222 SF

      412 Hwy 10

      FINANCIAL BUILDING • 7,222 SF
      412 Hwy 10, Royalton, MN 56373-9171
      View Details
    • Value Estimation
      $280,000
      2,400 SF

      16983 58th St

      AUTO REPAIR, GARAGE • 2,400 SF
      16983 58th St, Royalton, MN 56373
      View Details

    Similar Nearby for Sale

    • $109,900
      2.01 Acres

      Royalton Buildable Lot Ready

      Clear 2.01 acre lot in Royalton, ready to build.
      S Hawthorn St, Royalton, MN 56373
      View Details
    • $210,000

      Royalton Commercial Land Opportunity

      Six parcels of commercial land available in Royalton, Minnesota.
      N Maple St, Royalton, MN 56373
      View Details
    • $44,000
      0.57 Acres

      Royalton Buildable Lot Ready

      Clear, buildable lot in Royalton with utilities available.
      S Hawthorn St, Royalton, MN 56373
      View Details
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    18 3rd St
    Royalton, MN 56373
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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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