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    23962 Smiley Rd Nisswa, MN 56468-2386

    • Grocery and convenience stores
    • 30,083 SF
    • 2.80 lot acres
    OFF-MARKET
    Value Estimation
    $680,000
    Location Intelligence
    Property ID
    US46-0903815
    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

    • Grocery and convenience stores

    Property Details for 23962 Smiley Rd

    Lot size
    2.80 lot acres
    Property size
    30,083 SF
    Property type
    Grocery and convenience stores
    APN
    28230559
    APU
    28230559

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $695,000

    • CAP approach

      CAP return
      Estimation
      6%
      $750,000
      6.5%
      $740,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $760,000
      Geo Method
      $735,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $705,000
      Retail
      $660,000
      Mixed-Use
      $635,000
      Hospitality
      $675,000
      Educational
      $690,000
      Residential Income
      $675,000
      Energy
      $705,000
      Income-Based Land
      $630,000
      Food Service
      $635,000

    Location Insight

    • Map
    • Local Demand
    City
    Nisswa
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.2972
    Latitude
    46.4992
    CBSA code
    14660
    CBSA name
    BRAINERD, 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
    $21,540
    $217,600
    $852,200
    $1,069,800
    -
    $217,600
    $852,200
    $1,069,800

    Comparable in this City

    • Value Estimation
      $410,000
      4,536 SF

      4917 County 77

      CONVENIENCE STORE • 4,536 SF
      4917 County 77, Nisswa, MN 56468-2544
      View Details
    • Value Estimation
      $335,000
      1,824 SF

      25296 Main St

      CONVENIENCE STORE • 1,824 SF
      25296 Main St, Nisswa, MN 56468-5006
      View Details
    • Value Estimation by Request
      5,040 SF

      Nisswa, MN 56468

      RETAIL STORES (PERSONAL SERVICES) • 5,040 SF
      Nisswa, MN 56468
      View Details
    • Value Estimation by Request
      4,152 SF

      24730 Hazelwood Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,152 SF
      24730 Hazelwood Dr, Nisswa, MN 56468-2738
      View Details
    • Value Estimation
      $305,000
      1,936 SF

      5314 Nisswa Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,936 SF
      5314 Nisswa Ave, Nisswa, MN 56468-1001
      View Details
    • Value Estimation
      $335,000
      4,200 SF

      4758 County Rd 77

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      4758 County Rd 77, Nisswa, MN 56468-2709
      View Details

    Similar Nearby for Sale

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      Fully equipped brewery and entertainment hub in the heart of Lakes Country.
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    23962 Smiley Rd
    Nisswa, MN 56468-2386
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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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