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    Property profile & analytics

    702 7th St Lake City, MN 55041-1872

    • Individual retail properties
    • 936 SF
    OFF-MARKET
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US46-2994375
    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

    • Florine Technology / Computer Store

    Property Details for 702 7th St

    Year built
    1960
    Property size
    936 SF
    Property type
    Individual retail properties
    APN
    R22.00932.03
    APU
    R220093203

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $290,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $280,000
      Mixed-Use
      $385,000
      Hospitality
      $355,000
      Educational
      $290,000
      Residential Income
      $395,000
      Energy
      $325,000
      Income-Based Land
      $390,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Wabasha
    State
    Minnesota
    Longitude
    -92.2658
    Latitude
    44.4401
    CBSA code
    40340
    CBSA name
    ROCHESTER, MN 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
    2024
    $2,620
    $132,000
    $28,900
    $160,900
    -
    $132,000
    $28,900
    $160,900

    Comparable in this City

    • Value Estimation
      $280,000
      2,640 SF

      107 Ctr St

      LAUNDROMAT (SELF-SERVICE) • 2,640 SF
      107 Ctr St, Lake City, MN 55041-1635
      View Details
    • Value Estimation by Request
      1,820 SF

      213 Lakeshore Dr

      BARBER, HAIR SALON • 1,820 SF
      213 Lakeshore Dr, Lake City, MN 55041-1642
      View Details
    • Value Estimation
      $285,000
      5,120 SF

      1205 7th St

      GYM, HEALTH SPA • 5,120 SF
      1205 7th St, Lake City, MN 55041-1264
      View Details
    • Value Estimation by Request

      Lake

      RETAIL STORES (PERSONAL SERVICES)
      Lake, City, MN 55041
      View Details
    • Value Estimation by Request
      6,862 SF

      105 Lyon Ave

      FINANCIAL BUILDING • 6,862 SF
      105 Lyon Ave, Lake City, MN 55041-1013
      View Details
    • Value Estimation
      $355,000
      1,092 SF

      Lake

      RETAIL STORES (PERSONAL SERVICES) • 1,092 SF
      Lake, City, MN 55041
      View Details

    Similar Nearby for Sale

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    • $44,000
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      0.35 Acres

      Residential Lot with Bluff Views

      0.35 acre residential lot with solar exposure and views.
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      0.03 Acres

      Residential Land in Lake City

      Land with views, suitable for residential construction in Lake City.
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    • $37,500
      0.25 Acres

      Residential Lot with Bluff Views

      0.25 acre corner lot to build your dream home.
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      View Details
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    702 7th St
    Lake City, MN 55041-1872
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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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