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    Property profile & analytics

    640 Sky Vw Ave Lafayette, MN 56054

    • Commercial real estate
    • 5,984 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 28, 2023
    Location Intelligence
    Property ID
    US46-2625264
    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

    • United Farmers Cooperative / Grain Elevator / Agricultural Cooperative

    Property Details for 640 Sky Vw Ave

    Year built
    1972
    Lot size
    0.94 lot acres
    Property size
    5,984 SF
    Property type
    Commercial real estate
    APN
    15.002.1900
    APU
    150021900

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.3951
    Latitude
    44.4489
    CBSA code
    31860
    CBSA name
    MANKATO-NORTH MANKATO, 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
    $926
    $13,600
    $25,200
    $38,800
    -
    $13,600
    $25,200
    $38,800

    Comparable in this City

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      0.09 Acres

      60796 350th St

      COMMERCIAL (GENERAL) • 0.09 Acres
      60796 350th St, Lafayette, MN 56054
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      $315,000
      1.84 Acres

      9th St

      COMMERCIAL (GENERAL) • 1.84 Acres
      9th St, Lafayette, MN 56054
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      4,240 SF

      411 8th St

      COMMERCIAL (GENERAL) • 4,240 SF
      411 8th St, Lafayette, MN 56054-7725
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    • Value Estimation
      $315,000
      0.25 Acres

      56035 350th St

      COMMERCIAL (GENERAL) • 0.25 Acres
      56035 350th St, Lafayette, MN 56054
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    • Value Estimation
      $370,000
      1,760 SF

      751 Pioneer Ave

      COMMERCIAL (GENERAL) • 1,760 SF
      751 Pioneer Ave, Lafayette, MN 56054
      View Details
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    640 Sky Vw Ave
    Lafayette, MN 56054
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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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