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    Property profile & analytics

    406 4th Ave Virginia, MN 55792-2767

    • Apartment buildings
    • 9,072 SF
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US46-3253624
    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

    • Apartment buildings

    Property Details for 406 4th Ave

    Year built
    1920
    Property size
    9,072 SF
    Property type
    Apartment buildings
    APN
    090-0010-13110
    APU
    90001013110

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $270,000
      6.5%
      $270,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $325,000
      Mixed-Use
      $310,000
      Hospitality
      $280,000
      Educational
      $340,000
      Residential Income
      $305,000
      Energy
      $315,000
      Income-Based Land
      $310,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Virginia
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.5364
    Latitude
    47.5201
    CBSA code
    20260
    CBSA name
    DULUTH, MN-WI 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
    2023
    $5,066
    $2,800
    $199,500
    $202,300
    -
    $2,800
    $199,500
    $202,300

    Comparable in this City

    • Value Estimation
      $310,000
      3,840 SF

      105 1st N St

      APARTMENT HOUSE (5+ UNITS) • 3,840 SF
      105 1st N St, Virginia, MN 55792-2536
      View Details
    • Value Estimation by Request
      6,100 SF

      105 1st S St

      APARTMENT HOUSE (5+ UNITS) • 6,100 SF
      105 1st S St, Virginia, MN 55792-2603
      View Details
    • Value Estimation
      $125,000
      11,495 SF

      201 3rd Ave

      APARTMENT HOUSE (5+ UNITS) • 11,495 SF
      201 3rd Ave, Virginia, MN 55792-2455
      View Details
    • Value Estimation by Request
      116,246 SF

      550 3Rd Ave

      Retirement homes • 116,246 SF
      550 3Rd Ave, Virginia, MN 55792
      View Details
    • Value Estimation by Request
      23,784 SF

      110 Anderson Dr

      APARTMENT HOUSE (5+ UNITS) • 23,784 SF
      110 Anderson Dr, Virginia, MN 55792-3566
      View Details
    • Value Estimation
      $235,000
      5,334 SF

      213 5th Ave

      APARTMENT HOUSE (5+ UNITS) • 5,334 SF
      213 5th Ave, Virginia, MN 55792-2432
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $3,996,000
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      Grocery Anchored Virginia Mall

      Thriving retail property with high occupancy and growth potential.
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    • $699,000
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      Virginia Storefront: Sporting Goods Business

      Turnkey Sporting Goods Store in Virginia, MN
      105 3Rd Ave, Virginia, MN 55792
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    • $650,000
      1.37 Acres

      Cannabis Cultivation Opportunity in Virginia, MN

      Prime 5,000+ sq ft property, ready for cannabis micro-manufacture.
      7596 Werner Rd, Virginia, MN 55792
      View Details
    • $650,000
      14.40 Acres

      Bridgeview Development: 14.4 Acres

      Prime MN development land, highway frontage.
      Virginia MN Us Hwy 53 & Cuyuna Dr, Virginia, MN 55792
      View Details
    • $699,000
      12,600 SF

      Single-Level Office/Medical Building For Sale

      One-level office/medical building with surface parking in Virginia, Minnesota.
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      View Details
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    406 4th Ave
    Virginia, MN 55792-2767
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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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