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    Property profile & analytics

    700 16th NW Ave Austin, MN 55912-2823

    • Investment properties
    • 20,000 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimation
    $2,350,000
    Last Sale
    Feb 24, 2020
    $2,200,000
    Location Intelligence
    Property ID
    US46-2956349
    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

    • Investment properties

    Property Details for 700 16th NW Ave

    Year built
    1990
    Lot size
    1.06 lot acres
    Property size
    20,000 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    34.322.0020
    APU
    343220020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,325,000
      6.5%
      $2,295,000
      7%
      $2,350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,255,000
      Geo Method
      $2,670,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,780,000
      Retail
      $2,260,000
      Mixed-Use
      $1,840,000
      Hospitality
      $2,145,000
      Educational
      $2,325,000
      Residential Income
      $2,005,000
      Energy
      $1,895,000
      Income-Based Land
      $2,085,000
      Food Service
      $2,175,000

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Mower
    State
    Minnesota
    Longitude
    -92.9826
    Latitude
    43.6819
    CBSA code
    12380
    CBSA name
    AUSTIN, 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
    2022
    $35,214
    $161,300
    $1,075,500
    $1,236,800
    -
    $161,300
    $1,075,500
    $1,236,800

    Comparable in this City

    • Value Estimation by Request
      37,098 SF

      1000 16th NW Ave

      STORE/OFFICE (MIXED USE) • 37,098 SF
      1000 16th NW Ave, Austin, MN 55912-2790
      View Details
    • Value Estimation by Request
      16,988 SF

      1304 21st NE St

      STORE/OFFICE (MIXED USE) • 16,988 SF
      1304 21st NE St, Austin, MN 55912-4104
      View Details
    • Value Estimation by Request
      3,036 SF

      213 Main St

      STORE/OFFICE (MIXED USE) • 3,036 SF
      213 Main St, Austin, MN 55912-3440
      View Details
    • Value Estimation by Request
      6,670 SF

      208 4th NW Ave

      STORE/OFFICE (MIXED USE) • 6,670 SF
      208 4th NW Ave, Austin, MN 55912-3036
      View Details
    • Value Estimation
      $305,000
      7,800 SF

      Austin, MN 55912

      STORE/OFFICE (MIXED USE) • 7,800 SF
      Austin, MN 55912
      View Details
    • Value Estimation
      $95,000
      13,344 SF

      805 21st NE St

      STORE/OFFICE (MIXED USE) • 13,344 SF
      805 21st NE St, Austin, MN 55912-4168
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Move-in ready office suite in established building.
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    • $120 SF/Yr
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      Austin Mixed-Use Building For Sale

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    Property Visit Statistics

    • Visits by month
      13.4k
    • Visitors by month
      7.7k
    • Avg Time on site
      57 min
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    700 16th NW Ave
    Austin, MN 55912-2823
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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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