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    Property profile & analytics

    602 Railroad SE St Bemidji, MN 56601-4831

    • Office buildings
    • 5,000 SF
    • 2.99 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US46-2300376
    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 602 Railroad SE St

    Year built
    1980
    Construction
    WOOD
    Lot size
    2.99 lot acres
    Property size
    5,000 SF
    Property type
    Office buildings
    APN
    80.04217.00
    APU
    800421700

    Description

    This exceptional commercial land parcel, located at 602 Railroad Street SE in Bemidji, Minnesota, presents a unique investment opportunity. The property boasts a substantial 104,979.6 square foot lot, offering ample space for a variety of commercial developments. Situated in Beltrami County, with a 56601 zip code, this property benefits from its strategic location within the city of Bemidji. The land was originally developed in 1980, providing a solid foundation for future construction or redevelopment. The asking price for this expansive lot is $580,000. Given its size and location, this property is well-suited for a range of commercial ventures, making it an attractive prospect for developers and investors seeking a significant land holding in a growing Minnesota market. The property's coordinates are 47.4530672 latitude and -94.8614217 longitude. This is a pending sale, so act quickly.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $295,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $300,000
      Mixed-Use
      $285,000
      Hospitality
      $300,000
      Educational
      $285,000
      Residential Income
      $325,000
      Energy
      $320,000
      Income-Based Land
      $320,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Bemidji
    County
    Beltrami
    State
    Minnesota
    Longitude
    -94.8614
    Latitude
    47.4517
    CBSA code
    13420
    CBSA name
    BEMIDJI, 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
    $6,340
    $122,200
    $152,600
    $274,800
    -
    $122,200
    $152,600
    $274,800

    Comparable in this City

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      1129 Industrial Park SE Dr

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    • Value Estimation
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      3,968 SF

      520 4th NW St

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      View Details
    • Value Estimation
      $285,000
      3,968 SF

      520 4th NW St

      OFFICE BUILDING • 3,968 SF
      520 4th NW St, Bemidji, MN 56601-2951
      View Details
    • Value Estimation
      $345,000
      989 SF

      403 America NW Ave

      OFFICE BUILDING • 989 SF
      403 America NW Ave, Bemidji, MN 56601-3122
      View Details

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    602 Railroad SE St
    Bemidji, MN 56601-4831
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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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