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    Property profile & analytics

    404 Hillcrest E St Lanesboro, MN 55949-9713

    • Bed & breakfasts
    • 3,589 SF
    OFF-MARKET
    Value Estimation
    $335,000
    Last Sale
    May 12, 2021
    $320,000
    Location Intelligence
    Property ID
    US46-2814556
    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

    • Bed & breakfasts

    Property Details for 404 Hillcrest E St

    Year built
    1927
    Property size
    3,589 SF
    Property type
    Bed & breakfasts
    APN
    19.0239.000
    APU
    190239000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $320,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $295,000
      Mixed-Use
      $310,000
      Hospitality
      $320,000
      Educational
      $400,000
      Residential Income
      $330,000
      Energy
      $340,000
      Income-Based Land
      $360,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Lanesboro
    County
    Fillmore
    State
    Minnesota
    Longitude
    -91.9717
    Latitude
    43.7202
    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
    2020
    $5,698
    $40,000
    $267,000
    $307,000
    -
    $40,000
    $267,000
    $307,000

    Comparable in this City

    • Value Estimation
      $570,000
      1,680 SF

      104 Pkwy S Ave

      BED & BREAKFAST • 1,680 SF
      104 Pkwy S Ave, Lanesboro, MN 55949
      View Details
    • Value Estimation
      $375,000
      1,440 SF

      22139 Hickory Rd

      BED & BREAKFAST • 1,440 SF
      22139 Hickory Rd, Lanesboro, MN 55949-8316
      View Details
    • Value Estimation
      $375,000
      2,153 SF

      507 Fillmore S Ave

      BED & BREAKFAST • 2,153 SF
      507 Fillmore S Ave, Lanesboro, MN 55949-9707
      View Details
    • Value Estimation
      $280,000
      1,458 SF

      701 Kenilworth S Ave

      BED & BREAKFAST • 1,458 SF
      701 Kenilworth S Ave, Lanesboro, MN 55949-9736
      View Details
    • Value Estimation
      $230,000
      1,338 SF

      707 Pkwy S Ave

      BED & BREAKFAST • 1,338 SF
      707 Pkwy S Ave, Lanesboro, MN 55949-9733
      View Details
    • Value Estimation
      $640,000
      2,190 SF

      706 Fillmore S Ave

      BED & BREAKFAST • 2,190 SF
      706 Fillmore S Ave, Lanesboro, MN 55949-9744
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      2,000 SF

      Lanesboro Wine Bar & Restaurant

      Turnkey Business, Scenic Location
      102 Coffee St, Lanesboro, MN 55949
      View Details
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    Lanesboro, MN 55949-9713
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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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