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    Property profile & analytics

    516 Main St Erhard, MN 56534

    • Commercial real estate
    • 6,580 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1364371
    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

    • Ouren Construction Inc / Construction Company

    Property Details for 516 Main St

    Year built
    1930
    Property size
    6,580 SF
    Property type
    Commercial real estate
    APN
    70000990303000
    APU
    70000990303000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erhard
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -96.0977
    Latitude
    46.485
    CBSA code
    22260
    CBSA name
    FERGUS FALLS, 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
    2023
    $1,064
    $10,600
    $33,100
    $43,700
    -
    $10,600
    $33,100
    $43,700

    Comparable in this City

    • Value Estimation by Request

      505 Fergus Ave

      COMMERCIAL (GENERAL)
      505 Fergus Ave, Erhard, MN 56534-3426
      View Details
    • Value Estimation by Request
      2,548 SF

      609 Great Northern Ave

      COMMERCIAL (GENERAL) • 2,548 SF
      609 Great Northern Ave, Erhard, MN 56534-3404
      View Details
    • Value Estimation by Request
      13.23 Acres

      Erhard, MN 56534

      COMMERCIAL (GENERAL) • 13.23 Acres
      Erhard, MN 56534
      View Details
    • Value Estimation by Request

      417 Grv St

      COMMERCIAL (GENERAL)
      417 Grv St, Erhard, MN 56534-9998
      View Details
    • Value Estimation
      $315,000
      4,000 SF

      521 Fergus Ave

      COMMERCIAL (GENERAL) • 4,000 SF
      521 Fergus Ave, Erhard, MN 56534-3426
      View Details
    • Value Estimation
      $655,000
      54,600 SF

      36322 Us Hwy 59

      COMMERCIAL (GENERAL) • 54,600 SF
      36322 Us Hwy 59, Erhard, MN 56534-9536
      View Details
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    516 Main St
    Erhard, MN 56534
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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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