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    Property profile & analytics

    7198 Hwy 61 Tofte, MN 55615

    • Commercial real estate
    • 1,790 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Location Intelligence
    Property ID
    US46-1829560
    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

    • Commercial real estate

    Property Details for 7198 Hwy 61

    Year built
    2000
    Lot size
    0.41 lot acres
    Property size
    1,790 SF
    Property type
    Commercial real estate
    APN
    25-060-0060
    APU
    250600060

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tofte
    County
    Cook
    State
    Minnesota
    Longitude
    -90.8359
    Latitude
    47.5739

    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
    $7,080
    $55,100
    $285,300
    $340,400
    -
    $55,100
    $285,300
    $340,400

    Comparable in this City

    • Value Estimation by Request
      6,693 SF

      7192 Hwy 61

      COMMERCIAL (GENERAL) • 6,693 SF
      7192 Hwy 61, Tofte, MN 55615
      View Details
    • Value Estimation by Request
      1,132 SF

      1515 Honeymoon Trl

      COMMERCIAL (GENERAL) • 1,132 SF
      1515 Honeymoon Trl, Tofte, MN 55615
      View Details
    • Value Estimation by Request
      26,446 SF

      7231 Shr Scenic Dr

      COMMERCIAL (GENERAL) • 26,446 SF
      7231 Shr Scenic Dr, Tofte, MN 55615
      View Details
    • Value Estimation
      $430,000
      1,024 SF

      7210 Shr Scenic Dr

      COMMERCIAL (GENERAL) • 1,024 SF
      7210 Shr Scenic Dr, Tofte, MN 55615
      View Details
    • Value Estimation by Request
      0.39 Acres

      65 Tofte Homestead Dr

      COMMERCIAL (GENERAL) • 0.39 Acres
      65 Tofte Homestead Dr, Tofte, MN 55615
      View Details
    • Value Estimation by Request
      1,020 SF

      Tofte, MN 55615

      COMMERCIAL (GENERAL) • 1,020 SF
      Tofte, MN 55615
      View Details
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    7198 Hwy 61
    Tofte, MN 55615
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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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