Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    40339 State Hwy 15 New Ulm, MN 56073-4551

    • Office Properties & Spaces
    • 4,000 SF
    • 2.84 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Last Sale
    Apr 27, 2023
    Location Intelligence
    Property ID
    US46-2267319
    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

    • Office Properties & Spaces

    Property Details for 40339 State Hwy 15

    Year built
    1966
    Lot size
    2.84 lot acres
    Property size
    4,000 SF
    Property type
    Office Properties & Spaces
    APN
    06.541.0020
    APU
    65410020

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.4223
    Latitude
    44.364
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, 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
    2023
    $4,570
    $63,400
    $194,100
    $257,500
    -
    $63,400
    $194,100
    $257,500

    Comparable in this City

    • Value Estimation
      $375,000
      1,664 SF

      24 Frnt St

      OFFICE BUILDING • 1,664 SF
      24 Frnt St, New Ulm, MN 56073-1671
      View Details
    • Value Estimation by Request
      4,424 SF

      1227 Broadway St

      OFFICE BUILDING • 4,424 SF
      1227 Broadway St, New Ulm, MN 56073-1228
      View Details
    • Value Estimation
      $410,000
      1,750 SF

      201 Minnesota St

      OFFICE BUILDING • 1,750 SF
      201 Minnesota St, New Ulm, MN 56073-1731
      View Details
    • Value Estimation
      $205,000
      3,588 SF

      1 Minnesota St

      OFFICE BUILDING • 3,588 SF
      1 Minnesota St, New Ulm, MN 56073-1727
      View Details
    • Value Estimation
      $65,000
      1,250 SF

      9 Minnesota St

      OFFICE BUILDING • 1,250 SF
      9 Minnesota St, New Ulm, MN 56073-1727
      View Details
    • Value Estimation
      $440,000
      3,480 SF

      23 Minnesota St

      OFFICE BUILDING • 3,480 SF
      23 Minnesota St, New Ulm, MN 56073-3001
      View Details

    Similar Nearby for Sale

    • New
      $460,000

      New Ulm Multifamily Investment Opportunity

      12-unit apartment building in downtown New Ulm with value-add potential.
      209 S Minnesota St, New Ulm, MN 56073
      View Details
    • Contact for pricing
      7 SF

      New Ulm Land Opportunity

      7.67 acres of commercial land in New Ulm, MN.
      Tbd Somsen St, New Ulm, MN 56073
      View Details
    • $524,900
      7.00 Acres

      New Ulm Acreage with Outbuildings

      13-acre property featuring a house and multiple outbuildings.
      19415 170Th St, New Ulm, MN 56073
      View Details
    • $156,900
      1,567 SF

      New Ulm Duplex Investment

      Duplex in New Ulm, MN with tenant occupied units.
      623 N Broadway St, New Ulm, MN 56073
      View Details
    • $325,000

      45 Acres of Land Available

      Land with gravel pit and tillable acreage for sale.
      225Th St, New Ulm, MN 56073
      View Details
    • $460,000
      0.19 Acres

      New Ulm Apartment Building Investment

      12-unit apartment building with income and value-add potential.
      209 S Minnesota St, New Ulm, MN 56073
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      3,084 SF

      Prime New Ulm Retail Space

      High-visibility corner lot, 3,084 sq ft.
      1501 Broadway St, New Ulm, MN 56073
      View Details
    • $10 SF/Yr
      2,720 SF

      Retail Space on Broadway Street

      Retail property for rent with customizable work areas.
      2015 Broadway St S, New Ulm, MN 56073
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40339 State Hwy 15
    New Ulm, MN 56073-4551
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.