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    Property profile & analytics

    505 Central N Ave Faribault, MN 55021-4322

    • Gas stations
    • 1,601 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Last Sale
    Oct 29, 2024
    $166,860
    Location Intelligence
    Property ID
    US46-1207410
    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

    • Car, Truck & Equipment Clinic / Mechanic / Car Inspection Station

    Property Details for 505 Central N Ave

    Year built
    1930
    Lot size
    0.15 lot acres
    Property size
    1,601 SF
    Property type
    Gas stations
    APN
    18.31.1.26.051
    APU
    1831126051

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.2681
    Latitude
    44.2961
    CBSA code
    22060
    CBSA name
    FARIBAULT-NORTHFIELD, 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
    2024
    $2,526
    $63,000
    $80,100
    $143,100
    -
    $63,000
    $80,100
    $143,100

    Comparable in this City

    • Value Estimation
      $160,000
      1,268 SF

      728 Central N Ave

      SERVICE STATION (FULL SERVICE) • 1,268 SF
      728 Central N Ave, Faribault, MN 55021-4312
      View Details
    • Value Estimation
      $350,000
      1,470 SF

      628 Central N Ave

      SERVICE STATION (FULL SERVICE) • 1,470 SF
      628 Central N Ave, Faribault, MN 55021-4308
      View Details
    • Value Estimation by Request
      888 SF

      3040 Hwy 60th W

      VEHICLE SALES, RENTALS • 888 SF
      3040 Hwy 60th W, Faribault, MN 55021-7899
      View Details
    • Value Estimation
      $360,000
      6,732 SF

      103 20th NW St

      AUTO REPAIR, GARAGE • 6,732 SF
      103 20th NW St, Faribault, MN 55021-3047
      View Details
    • Value Estimation by Request
      8,352 SF

      3800 Park NW Ave

      VEHICLE SALES, RENTALS • 8,352 SF
      3800 Park NW Ave, Faribault, MN 55021-9220
      View Details
    • Value Estimation
      $435,000
      10,400 SF

      190 20th NW Ave

      AUTO REPAIR, GARAGE • 10,400 SF
      190 20th NW Ave, Faribault, MN 55021-4858
      View Details

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      Historic gem in Faribault's vibrant downtown, overflowing with potential.
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      Historic building in Faribault's Main Street, ready for vision.
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      Historic Restaurant and Bar Opportunity

      Iconic Minnesota restaurant and bar with strong local clientele.
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    Similar Nearby for Lease

    • Contact for pricing
      934 SF

      Retail Space in Faribault, MN

      Retail space available in Faribault, Minnesota with ample parking.
      300 Western Ave, Faribault, MN 55021
      View Details
    • Contact for pricing
      208,000 SF

      Faribault Industrial Park Land

      59 acre industrial park land available for lease.
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      View Details
    • $4 SF/Yr
      30,000 SF

      Faribault Warehouse Space Available

      30,000 square foot warehouse space for rent in Faribault.
      128 15Th St NW, Faribault, MN 55021
      View Details
    • $14,400 /Mo
      15,660 SF

      Faribault Industrial Warehouse Space

      15,660 SF Warehouse, Office Space Available
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      View Details
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    505 Central N Ave
    Faribault, MN 55021-4322
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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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