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    Property profile & analytics

    203 Prospect St Bluffton, MN 56518

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1199888
    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

    • Commercial real estate

    Property Details for 203 Prospect St

    Property type
    Commercial real estate
    APN
    64000990048000
    APU
    64000990048000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bluffton
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -95.2353
    Latitude
    46.4683
    CBSA code
    22260
    CBSA name
    FERGUS FALLS, 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
    $916
    $11,300
    $44,700
    $56,000
    -
    $11,300
    $44,700
    $56,000

    Comparable in this City

    • Value Estimation by Request
      864 SF

      104 2nd St

      COMMERCIAL (GENERAL) • 864 SF
      104 2nd St, Bluffton, MN 56518-9998
      View Details
    • Value Estimation by Request
      2,000 SF

      106 2nd St

      COMMERCIAL (GENERAL) • 2,000 SF
      106 2nd St, Bluffton, MN 56518
      View Details
    • Value Estimation by Request
      2,560 SF

      107 2nd St

      COMMERCIAL (GENERAL) • 2,560 SF
      107 2nd St, Bluffton, MN 56518
      View Details
    • Value Estimation by Request
      1,948 SF

      106 Ctr St

      COMMERCIAL (GENERAL) • 1,948 SF
      106 Ctr St, Bluffton, MN 56518
      View Details
    • Value Estimation
      $385,000
      8,000 SF

      103 Leaf Riv Rd

      COMMERCIAL (GENERAL) • 8,000 SF
      103 Leaf Riv Rd, Bluffton, MN 56518-1816
      View Details
    • Value Estimation by Request
      0.36 Acres

      202 Endres Ave

      COMMERCIAL (GENERAL) • 0.36 Acres
      202 Endres Ave, Bluffton, MN 56518
      View Details
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    203 Prospect St
    Bluffton, MN 56518
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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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