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    Property profile & analytics

    208 2nd NW St Aitkin, MN 56431-1313

    • Office buildings
    • 1,620 SF
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US46-2439304
    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

    • Office buildings

    Property Details for 208 2nd NW St

    Property size
    1,620 SF
    Property type
    Office buildings
    APN
    56-1-008700
    APU
    561008700

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $210,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $225,000
      Mixed-Use
      $170,000
      Hospitality
      $175,000
      Educational
      $220,000
      Residential Income
      $200,000
      Energy
      $220,000
      Income-Based Land
      $205,000
      Food Service
      $185,000

    Location Insight

    • Map
    • Local Demand
    City
    Aitkin
    County
    Aitkin
    State
    Minnesota
    Longitude
    -93.7103
    Latitude
    46.5337

    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
    $1,858
    $48,800
    $108,400
    $157,200
    -
    $48,800
    $108,400
    $157,200

    Comparable in this City

    • Value Estimation
      $230,000
      864 SF

      1160 Air Park Dr

      OFFICE BUILDING • 864 SF
      1160 Air Park Dr, Aitkin, MN 56431-5626
      View Details
    • Value Estimation by Request
      5,890 SF

      312 Minnesota N Ave

      OFFICE BUILDING • 5,890 SF
      312 Minnesota N Ave, Aitkin, MN 56431-1414
      View Details
    • Value Estimation by Request
      9,216 SF

      36559 Us Hwy 169

      OFFICE BUILDING • 9,216 SF
      36559 Us Hwy 169, Aitkin, MN 56431-4201
      View Details
    • Value Estimation by Request
      2,170 SF

      103 2nd NW St

      OFFICE BUILDING • 2,170 SF
      103 2nd NW St, Aitkin, MN 56431-1319
      View Details
    • Value Estimation by Request
      1,554 SF

      13 3rd NE St

      OFFICE BUILDING • 1,554 SF
      13 3rd NE St, Aitkin, MN 56431-1421
      View Details
    • Value Estimation
      $370,000
      3,024 SF

      995 Pacific NW St

      OFFICE BUILDING • 3,024 SF
      995 Pacific NW St, Aitkin, MN 56431-5974
      View Details

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    • Contact for pricing
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    Aitkin, MN 56431-1313
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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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