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    Property profile & analytics

    519 1st S St New Ulm, MN 56073-3142

    • Office buildings
    • 1,008 SF
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Dec 21, 2020
    Location Intelligence
    Property ID
    US46-2185207
    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

    • Office buildings

    Property Details for 519 1st S St

    Year built
    1966
    Property size
    1,008 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    001.002.067.14.140
    APU
    100206714140

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Brown
    State
    Minnesota
    Longitude
    -94.4587
    Latitude
    44.3117
    CBSA code
    35580
    CBSA name
    NEW ULM, 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
    $3,874
    $34,800
    $93,800
    $128,600
    -
    $34,800
    $93,800
    $128,600

    Comparable in this City

    • Value Estimation by Request
      4,424 SF

      1227 Broadway St

      OFFICE BUILDING • 4,424 SF
      1227 Broadway St, New Ulm, MN 56073-1228
      View Details
    • Value Estimation
      $375,000
      1,664 SF

      24 Frnt St

      OFFICE BUILDING • 1,664 SF
      24 Frnt St, New Ulm, MN 56073-1671
      View Details
    • Value Estimation
      $315,000
      17,600 SF

      200 20th S St

      OFFICE BUILDING • 17,600 SF
      200 20th S St, New Ulm, MN 56073
      View Details
    • Value Estimation
      $450,000
      9,231 SF

      106 3rd N St

      OFFICE BUILDING • 9,231 SF
      106 3rd N St, New Ulm, MN 56073-1624
      View Details
    • Value Estimation
      $380,000
      2,376 SF

      1600 Broadway St

      OFFICE BUILDING • 2,376 SF
      1600 Broadway St, New Ulm, MN 56073-1252
      View Details
    • Value Estimation
      $260,000
      1,770 SF

      1226 Broadway St

      OFFICE BUILDING • 1,770 SF
      1226 Broadway St, New Ulm, MN 56073-3454
      View Details

    Similar Nearby for Sale

    • $275,000

      New Ulm Retail Land Parcel

      1.24 acre commercial land parcel in retail corridor.
      1720 Westridge Rd, New Ulm, MN 56073
      View Details
    • $622,920
      9,300 SF

      New Ulm Mixed-Use Opportunity

      9,300 SF building in thriving New Ulm area.
      1618 S Broadway St, New Ulm, MN 56073
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Lot Ready to Build

      Ready-to-build residential lot in a developing area near amenities.
      2323 Lake Ave, New Ulm, MN 56073
      View Details
    • $424,900
      0.09 Acres

      Mixed-Use Property in New Ulm

      Mixed-use property featuring commercial space and residential units.
      123 N Minnesota St N, New Ulm, MN 56073
      View Details
    • Contact for pricing
      7 SF

      New Ulm Land Opportunity

      7.67 acres of commercial land in New Ulm, MN.
      Tbd Somsen St, New Ulm, MN 56073
      View Details
    • New
      $460,000

      New Ulm Multifamily Investment Opportunity

      12-unit apartment building in downtown New Ulm with value-add potential.
      209 S Minnesota St, New Ulm, MN 56073
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      3,084 SF

      Prime New Ulm Retail Space

      High-visibility corner lot, 3,084 sq ft.
      1501 Broadway St, New Ulm, MN 56073
      View Details
    • $10 SF/Yr
      2,720 SF

      Retail Space on Broadway Street

      Retail property for rent with customizable work areas.
      2015 Broadway St S, New Ulm, MN 56073
      View Details
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    New Ulm, MN 56073-3142
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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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