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    Property profile & analytics

    209 Pkwy N Ave Lanesboro, MN 55949-9795

    • Motels
    • 2,080 SF
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US46-2612393
    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

    • Motels

    Property Details for 209 Pkwy N Ave

    Year built
    1993
    Property size
    2,080 SF
    Property type
    Motels
    APN
    19.0076.000
    APU
    190076000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lanesboro
    County
    Fillmore
    State
    Minnesota
    Longitude
    -91.9774
    Latitude
    43.7228
    CBSA code
    40340
    CBSA name
    ROCHESTER, MN METROPOLITAN 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
    2020
    $3,434
    $50,900
    $133,500
    $184,400
    -
    $50,900
    $133,500
    $184,400

    Comparable in this City

    • Value Estimation by Request
      490 SF

      209 Pkwy N Ave

      MOTEL • 490 SF
      209 Pkwy N Ave, Lanesboro, MN 55949-9795
      View Details
    • Value Estimation by Request
      832 SF

      211 Pkwy N Ave

      MOTEL • 832 SF
      211 Pkwy N Ave, Lanesboro, MN 55949
      View Details
    • Value Estimation
      $550,000
      1,864 SF

      106 Pkwy S Ave

      MOTEL • 1,864 SF
      106 Pkwy S Ave, Lanesboro, MN 55949-9774
      View Details
    • Value Estimation by Request
      1,600 SF

      100 Beacon E St

      HOTEL • 1,600 SF
      100 Beacon E St, Lanesboro, MN 55949-2605
      View Details
    • Value Estimation
      $350,000
      1,200 SF

      305 Coffee St

      HOTEL • 1,200 SF
      305 Coffee St, Lanesboro, MN 55949-9731
      View Details
    • Value Estimation
      $375,000
      2,153 SF

      507 Fillmore S Ave

      BED & BREAKFAST • 2,153 SF
      507 Fillmore S Ave, Lanesboro, MN 55949-9707
      View Details

    Similar Nearby for Sale

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    • $325,000
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      Lanesboro Commercial Building - High Traffic

      Prime Lanesboro location, versatile space, high traffic area.
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      Scenic Building Acreage Near Root River

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    • Contact for pricing
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      Lanesboro Wine Bar & Restaurant

      Turnkey Business, Scenic Location
      102 Coffee St, Lanesboro, MN 55949
      View Details
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    209 Pkwy N Ave
    Lanesboro, MN 55949-9795
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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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