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    Property profile & analytics

    28 3rd NW St Faribault, MN 55021-5118

    • Bars
    • 3,631 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Dec 01, 2021
    Location Intelligence
    Property ID
    US46-1191277
    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

    • United States Postal Service / Post Office / Logistics Service
    • Elks Lodge / Fraternal Organization

    Property Details for 28 3rd NW St

    Year built
    1910
    Lot size
    0.20 lot acres
    Property size
    3,631 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    18.31.1.26.591
    APU
    1831126591

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.2696
    Latitude
    44.2939
    CBSA code
    22060
    CBSA name
    FARIBAULT-NORTHFIELD, 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
    $6,954
    $92,000
    $239,500
    $331,500
    -
    $92,000
    $239,500
    $331,500

    Comparable in this City

    • Value Estimation
      $330,000
      2,103 SF

      20 3rd NW St

      BAR, TAVERN • 2,103 SF
      20 3rd NW St, Faribault, MN 55021-5118
      View Details
    • Value Estimation by Request
      2,250 SF

      1525 Division W St

      BAR, TAVERN • 2,250 SF
      1525 Division W St, Faribault, MN 55021-5615
      View Details
    • Value Estimation
      $640,000
      1,798 SF

      1802 4th NW St

      BAR, TAVERN • 1,798 SF
      1802 4th NW St, Faribault, MN 55021-4815
      View Details
    • Value Estimation
      $410,000
      11,250 SF

      131 Lyndale N Ave

      BAR, TAVERN • 11,250 SF
      131 Lyndale N Ave, Faribault, MN 55021-5877
      View Details
    • Value Estimation
      $350,000
      5,200 SF

      31 3rd NE St

      BAR, TAVERN • 5,200 SF
      31 3rd NE St, Faribault, MN 55021-5205
      View Details
    • Value Estimation by Request
      5,863 SF

      429 Central N Ave

      BAR, TAVERN • 5,863 SF
      429 Central N Ave, Faribault, MN 55021-5216
      View Details

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    28 3rd NW St
    Faribault, MN 55021-5118
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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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