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    Property profile & analytics

    3197 Old Hwy 61st S Hinckley, MN 55037-7363

    • Investment properties
    • 1,574 SF
    • 21.37 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US46-1153480
    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

    • Investment properties

    Property Details for 3197 Old Hwy 61st S

    Year built
    1977
    Construction
    FRAME
    Lot size
    21.37 lot acres
    Property size
    1,574 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    15.0417.000
    APU
    150417000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hinckley
    County
    Pine
    State
    Minnesota
    Longitude
    -92.9493
    Latitude
    45.9873

    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
    $2,352
    $101,600
    $236,900
    $338,500
    -
    $101,600
    $236,900
    $338,500

    Comparable in this City

    • Value Estimation
      $195,000
      1,152 SF

      366 Morris Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,152 SF
      366 Morris Ave, Hinckley, MN 55037-7383
      View Details
    • Value Estimation
      $275,000
      792 SF

      27846 Roberts Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 792 SF
      27846 Roberts Rd, Hinckley, MN 55037-6359
      View Details
    • Value Estimation by Request
      4.86 Acres

      Hinckley, MN 55037

      OFFICE/RESIDENTIAL (MIXED USE) • 4.86 Acres
      Hinckley, MN 55037
      View Details
    • Value Estimation
      $255,000
      1,688 SF

      125 Main E St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,688 SF
      125 Main E St, Hinckley, MN 55037-8763
      View Details
    • Value Estimation
      $355,000
      2,700 SF

      38812 State Hwy 48

      OFFICE/RESIDENTIAL (MIXED USE) • 2,700 SF
      38812 State Hwy 48, Hinckley, MN 55037-6360
      View Details
    • Value Estimation
      $320,000
      2,600 SF

      2382 Old Hwy 61st S

      OFFICE/RESIDENTIAL (MIXED USE) • 2,600 SF
      2382 Old Hwy 61st S, Hinckley, MN 55037-7360
      View Details

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    Hinckley, MN 55037-7363
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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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