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    Property profile & analytics

    2178 Hwy 217 Ray, MN 56669-9061

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2387204
    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 2178 Hwy 217

    Property type
    Commercial real estate
    APN
    05-083-01010
    APU
    508301010

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ray
    County
    Koochiching
    State
    Minnesota
    Longitude
    -93.2112
    Latitude
    48.4105

    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
    $228
    $4,000
    $10,400
    $14,400
    -
    $4,000
    $10,400
    $14,400

    Comparable in this City

    • Value Estimation
      $330,000
      1,800 SF

      9903 Gamma Rd

      COMMERCIAL (GENERAL) • 1,800 SF
      9903 Gamma Rd, Kabetogama, MN 56669-8008
      View Details
    • Value Estimation
      $280,000
      3,264 SF

      9676 Gamma Rd

      COMMERCIAL (GENERAL) • 3,264 SF
      9676 Gamma Rd, Kabetogama, MN 56669-8000
      View Details
    • Value Estimation by Request
      20,000 SF

      9976-9990 Gappa Rd

      Marinas • 20,000 SF
      9976-9990 Gappa Rd, Ray, MN 56669
      View Details
    • Value Estimation
      $135,000
      2,800 SF

      9634 Gamma Rd

      COMMERCIAL (GENERAL) • 2,800 SF
      9634 Gamma Rd, Kabetogama, MN 56669-8000
      View Details
    • Value Estimation
      $235,000
      1,832 SF

      9602 Gamma Rd

      COMMERCIAL (GENERAL) • 1,832 SF
      9602 Gamma Rd, Kabetogama, MN 56669-8000
      View Details
    • Value Estimation by Request
      80.00 Acres

      5259 Hwy 53

      VACANT COMMERCIAL LAND • 80.00 Acres
      5259 Hwy 53, Ray, MN 56669-9007
      View Details

    Similar Nearby for Sale

    • $249,000
      180.00 Acres

      Ray, MN Hunting Land

      180 acres of secluded hunting land with river access.
      W County Road 3, Kabetogama, MN 56669
      View Details
    • $249,000
      180.00 Acres

      Secluded Hunting Land with River

      180 acres of woods, meadows, and river, bordering state land.
      W County Road 3, Kabetogama, MN 56669
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    • $495,000
      3.64 Acres

      Lake Kabetogama Acreage Near Park

      3.64 acres with 120 feet of Lake Kabetogama shoreline.
      Xx3.64 Gamma Rd, Kabetogama, MN 56669
      View Details
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    2178 Hwy 217
    Ray, MN 56669-9061
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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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