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    Property profile & analytics

    2160 Hoffman Rd Mankato, MN 56001-5863

    • Grocery and convenience stores
    • 2,334 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $2,210,000
    Last Sale
    May 01, 2024
    $2,200,000
    Location Intelligence
    Property ID
    US46-1972808
    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

    • Village East Shopping Center / Shopping Mall
    • Happy Dan's Convenience Store / Convenience Store / Gas Station

    Property Details for 2160 Hoffman Rd

    Year built
    1986
    Lot size
    0.25 lot acres
    Property size
    2,334 SF
    Property type
    Grocery and convenience stores
    APN
    R01.09.17.432.015
    APU
    R010917432015

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,225,000
      6.5%
      $2,345,000
      7%
      $2,320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,930,000
      Geo Method
      $2,465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,560,000
      Retail
      $2,000,000
      Mixed-Use
      $2,010,000
      Hospitality
      $2,385,000
      Educational
      $2,265,000
      Residential Income
      $2,490,000
      Energy
      $2,100,000
      Income-Based Land
      $2,565,000
      Food Service
      $2,400,000

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.972
    Latitude
    44.1562
    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
    $7,340
    $43,700
    $228,600
    $272,300
    -
    $43,700
    $228,600
    $272,300

    Comparable in this City

    • Value Estimation by Request
      3,796 SF

      1901 Adams St

      CONVENIENCE STORE • 3,796 SF
      1901 Adams St, Mankato, MN 56001-6802
      View Details
    • Value Estimation by Request
      4,875 SF

      1291 Raintree Rd

      CONVENIENCE STORE • 4,875 SF
      1291 Raintree Rd, Mankato, MN 56001-5373
      View Details
    • Value Estimation by Request
      3,384 SF

      1549 Madison Ave

      CONVENIENCE STORE • 3,384 SF
      1549 Madison Ave, Mankato, MN 56001-5443
      View Details
    • Value Estimation
      $200,000
      1,296 SF

      402 2nd St

      CONVENIENCE STORE • 1,296 SF
      402 2nd St, Mankato, MN 56001-3401
      View Details
    • Value Estimation by Request
      11,998 SF

      Mankato, MN 56001

      CONVENIENCE STORE • 11,998 SF
      Mankato, MN 56001
      View Details
    • Value Estimation
      $310,000
      4,960 SF

      930 Madison Ave

      CONVENIENCE STORE • 4,960 SF
      930 Madison Ave, Mankato, MN 56001-6142
      View Details

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      Prime Mankato location ideal for retail or office use.
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      View Details
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    Mankato, MN 56001-5863
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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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