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    Property profile & analytics

    507 Water S St Northfield, MN 55057-2068

    • Retail space
    • 3,200 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US46-1379195
    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

    • Retail space

    Property Details for 507 Water S St

    Year built
    1945
    Lot size
    0.29 lot acres
    Property size
    3,200 SF
    Property type
    Retail space
    APN
    22.01.1.00.015
    APU
    2201100015

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $220,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $230,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $210,000
      Mixed-Use
      $210,000
      Hospitality
      $270,000
      Educational
      $245,000
      Residential Income
      $235,000
      Energy
      $290,000
      Income-Based Land
      $265,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Rice
    State
    Minnesota
    Longitude
    -93.1614
    Latitude
    44.4546
    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
    $9,756
    $161,500
    $175,600
    $337,100
    -
    $161,500
    $175,600
    $337,100

    Comparable in this City

    • Value Estimation by Request
      4,182 SF

      116 5th W St

      RETAIL STORES (PERSONAL SERVICES) • 4,182 SF
      116 5th W St, Northfield, MN 55057-2006
      View Details
    • Value Estimation
      $165,000
      1,498 SF

      600 Division S St

      RETAIL STORES (PERSONAL SERVICES) • 1,498 SF
      600 Division S St, Northfield, MN 55057-2425
      View Details
    • Value Estimation
      $155,000
      3,190 SF

      416 Division S St

      RETAIL STORES (PERSONAL SERVICES) • 3,190 SF
      416 Division S St, Northfield, MN 55057-2018
      View Details
    • Value Estimation
      $400,000
      1,540 SF

      506 Division S St

      RETAIL STORES (PERSONAL SERVICES) • 1,540 SF
      506 Division S St, Northfield, MN 55057-2020
      View Details
    • Value Estimation by Request
      7,017 SF

      701 Woodley W St

      RETAIL STORES (PERSONAL SERVICES) • 7,017 SF
      701 Woodley W St, Northfield, MN 55057-2754
      View Details
    • Value Estimation
      $350,000
      1,160 SF

      13 Brg Sq

      RETAIL STORES (PERSONAL SERVICES) • 1,160 SF
      13 Brg Sq, Northfield, MN 55057-2009
      View Details

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    507 Water S St
    Northfield, MN 55057-2068
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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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