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    Property profile & analytics

    631 Nelson Blvd Montrose, MN 55363-8553

    • Retail space
    • 9,354 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 28, 2025
    $18,600
    Location Intelligence
    Property ID
    US46-3250307
    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

    • Dollar General / Beauty Supply Store / Candy Store
    • FedEx OnSite / Mailing Service
    • Redbox / Dvd Store / Movie Rental Store
    • Western Union / Money Transfer Service

    Property Details for 631 Nelson Blvd

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.74 lot acres
    Property size
    9,354 SF
    Property type
    Retail space
    APN
    112-500-354301
    APU
    112500354301

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Wright
    State
    Minnesota
    Longitude
    -93.9207
    Latitude
    45.0653
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN 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
    $22,834
    $274,100
    $780,000
    $1,054,100
    -
    $274,100
    $780,000
    $1,054,100

    Comparable in this City

    • Value Estimation
      $220,000
      2,576 SF

      330 Nelson Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,576 SF
      330 Nelson Blvd, Montrose, MN 55363-8580
      View Details
    • Value Estimation by Request
      4,674 SF

      175 Nelson Blvd

      CONVENIENCE STORE • 4,674 SF
      175 Nelson Blvd, Montrose, MN 55363-8544
      View Details
    • Value Estimation
      $210,000
      5,280 SF

      211 Buffalo N Ave

      BAR, TAVERN • 5,280 SF
      211 Buffalo N Ave, Montrose, MN 55363
      View Details
    • Value Estimation
      $425,000
      0.74 Acres

      221 Nelson Blvd

      RESTAURANT • 0.74 Acres
      221 Nelson Blvd, Montrose, MN 55363-8582
      View Details
    • Value Estimation by Request
      4,000 SF

      2472 Us Hwy 12th SW

      WAREHOUSE, STORAGE • 4,000 SF
      2472 Us Hwy 12th SW, Montrose, MN 55363-8530
      View Details
    • Value Estimation
      $330,000
      7,944 SF

      601 Nelson Blvd

      LIGHT INDUSTRIAL • 7,944 SF
      601 Nelson Blvd, Montrose, MN 55363-5300
      View Details
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    631 Nelson Blvd
    Montrose, MN 55363-8553
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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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