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    Property profile & analytics

    403 1st St Lyle, MN 55953-6743

    • Banks
    • 2,217 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 22, 2022
    $24,000
    Location Intelligence
    Property ID
    US46-2072782
    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

    • Banks

    Property Details for 403 1st St

    Year built
    1916
    Lot size
    0.09 lot acres
    Property size
    2,217 SF
    Property type
    Banks
    APN
    27.001.0830
    APU
    270010830

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lyle
    County
    Mower
    State
    Minnesota
    Longitude
    -92.9443
    Latitude
    43.505
    CBSA code
    12380
    CBSA name
    AUSTIN, 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
    2022
    $600
    $6,000
    $23,800
    $29,800
    -
    $6,000
    $23,800
    $29,800

    Comparable in this City

    • Value Estimation by Request
      2,304 SF

      104 Grv St

      RETAIL STORES (PERSONAL SERVICES) • 2,304 SF
      104 Grv St, Lyle, MN 55953
      View Details
    • Value Estimation by Request
      1,520 SF

      107 Grv St

      RETAIL STORES (PERSONAL SERVICES) • 1,520 SF
      107 Grv St, Lyle, MN 55953-9728
      View Details
    • Value Estimation by Request
      3,648 SF

      401 1st St

      RETAIL STORES (PERSONAL SERVICES) • 3,648 SF
      401 1st St, Lyle, MN 55953-6743
      View Details
    • Value Estimation
      $375,000
      2,364 SF

      301 1st St

      CONVENIENCE STORE • 2,364 SF
      301 1st St, Lyle, MN 55953-6742
      View Details
    • Value Estimation by Request
      5,376 SF

      315 1st St

      RETAIL STORES (PERSONAL SERVICES) • 5,376 SF
      315 1st St, Lyle, MN 55953-6742
      View Details
    • Value Estimation by Request
      1,794 SF

      407 1st St

      RETAIL STORES (PERSONAL SERVICES) • 1,794 SF
      407 1st St, Lyle, MN 55953-6743
      View Details
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    403 1st St
    Lyle, MN 55953-6743
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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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