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    Property profile & analytics

    40 3rd NW St Plainview, MN 55964-1231

    • Turn key restaurants
    • 1,920 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2990979
    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

    • Turn key restaurants

    Property Details for 40 3rd NW St

    Year built
    1920
    Lot size
    0.06 lot acres
    Property size
    1,920 SF
    Zone code
    C1
    Property type
    Turn key restaurants
    APN
    R26.00213.00
    APU
    R260021300

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plainview
    County
    Wabasha
    State
    Minnesota
    Longitude
    -92.1703
    Latitude
    44.1656
    CBSA code
    40340
    CBSA name
    ROCHESTER, MN METROPOLITAN 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
    $1,142
    $7,600
    $58,500
    $66,100
    -
    $7,600
    $58,500
    $66,100

    Comparable in this City

    • Value Estimation
      $260,000
      5,248 SF

      25188 534th St

      RESTAURANT • 5,248 SF
      25188 534th St, Plainview, MN 55964-3199
      View Details
    • Value Estimation
      $215,000
      2,626 SF

      332 Broadway

      RESTAURANT • 2,626 SF
      332 Broadway, Plainview, MN 55964-1256
      View Details
    • Value Estimation
      $55,000
      1,320 SF

      30 3rd SW St

      RESTAURANT • 1,320 SF
      30 3rd SW St, Plainview, MN 55964-1324
      View Details
    • Value Estimation
      $205,000
      1,656 SF

      10 Broadway

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,656 SF
      10 Broadway, Plainview, MN 55964-1250
      View Details
    • Value Estimation
      $275,000
      1,459 SF

      629 Wabasha

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,459 SF
      629 Wabasha, Plainview, MN 55964-1272
      View Details
    • Value Estimation
      $335,000
      2,166 SF

      800 Wabasha

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,166 SF
      800 Wabasha, Plainview, MN 55964-1290
      View Details
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    40 3rd NW St
    Plainview, MN 55964-1231
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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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