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    Property profile & analytics

    3040 Hwy 60th W Faribault, MN 55021-7899

    • Automotive properties
    • 888 SF
    • 5.30 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 18, 2020
    Location Intelligence
    Property ID
    US46-1467359
    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

    • Automotive properties

    Property Details for 3040 Hwy 60th W

    Year built
    2016
    Lot size
    5.30 lot acres
    Property size
    888 SF
    Property type
    Automotive properties
    APN
    18.35.1.50.012
    APU
    1835150012

    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
    -93.3108
    Latitude
    44.2928
    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
    $42,894
    $199,000
    $1,423,700
    $1,622,700
    -
    $199,000
    $1,423,700
    $1,622,700

    Comparable in this City

    • Value Estimation by Request
      8,352 SF

      3800 Park NW Ave

      VEHICLE SALES, RENTALS • 8,352 SF
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    • Value Estimation by Request
      10,940 SF

      1901 Grant NW St

      VEHICLE SALES, RENTALS • 10,940 SF
      1901 Grant NW St, Faribault, MN 55021
      View Details
    • Value Estimation by Request
      6,897 SF

      1747 Grant NW St

      VEHICLE SALES, RENTALS • 6,897 SF
      1747 Grant NW St, Faribault, MN 55021-4826
      View Details
    • Value Estimation
      $360,000
      6,732 SF

      103 20th NW St

      AUTO REPAIR, GARAGE • 6,732 SF
      103 20th NW St, Faribault, MN 55021-3047
      View Details
    • Value Estimation
      $435,000
      10,400 SF

      190 20th NW Ave

      AUTO REPAIR, GARAGE • 10,400 SF
      190 20th NW Ave, Faribault, MN 55021-4858
      View Details
    • Value Estimation
      $255,000
      2,100 SF

      815 4th NW St

      CAR WASH - SELF-SERVE • 2,100 SF
      815 4th NW St, Faribault, MN 55021-4901
      View Details

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    Similar Nearby for Lease

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    • $4 SF/Yr
      30,000 SF

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    3040 Hwy 60th W
    Faribault, MN 55021-7899
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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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