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    Property profile & analytics

    501 Main S Ave Park Rapids, MN 56470-1552

    • Auto shops
    • 5,054 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Location Intelligence
    Property ID
    US46-2650321
    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

    • Auto shops

    Property Details for 501 Main S Ave

    Year built
    1963
    Lot size
    0.48 lot acres
    Property size
    5,054 SF
    Property type
    Auto shops
    APN
    32.37.13300
    APU
    323713300

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Park Rapids
    County
    Hubbard
    State
    Minnesota
    Longitude
    -95.0604
    Latitude
    46.9176

    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
    $4,336
    $68,500
    $135,400
    $203,900
    -
    $68,500
    $135,400
    $203,900

    Comparable in this City

    • Value Estimation
      $245,000
      7,689 SF

      19543 Enterprise Dr

      AUTO REPAIR, GARAGE • 7,689 SF
      19543 Enterprise Dr, Park Rapids, MN 56470-3303
      View Details
    • Value Estimation
      $245,000
      1,404 SF

      19451 139th Ave

      AUTO REPAIR, GARAGE • 1,404 SF
      19451 139th Ave, Park Rapids, MN 56470-3348
      View Details
    • Value Estimation
      $505,000
      9,065 SF

      1205 Park S Ave

      AUTO REPAIR, GARAGE • 9,065 SF
      1205 Park S Ave, Park Rapids, MN 56470-1502
      View Details
    • Value Estimation
      $570,000
      13,821 SF

      1007 Park S Ave

      AUTO REPAIR, GARAGE • 13,821 SF
      1007 Park S Ave, Park Rapids, MN 56470-1501
      View Details
    • Value Estimation
      $450,000
      6,144 SF

      807 1st E St

      AUTO REPAIR, GARAGE • 6,144 SF
      807 1st E St, Park Rapids, MN 56470-1708
      View Details
    • Value Estimation
      $250,000
      5,400 SF

      2120 Albert S Ave

      AUTO REPAIR, GARAGE • 5,400 SF
      2120 Albert S Ave, Park Rapids, MN 56470-2523
      View Details

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    501 Main S Ave
    Park Rapids, MN 56470-1552
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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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