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    809 1st E St Park Rapids, MN 56470-1708

    • Drive through restaurants
    • 2,319 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    $185,000
    Location Intelligence
    Property ID
    US46-2123605
    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

    • Drive through restaurants

    Property Details for 809 1st E St

    Year built
    1975
    Lot size
    0.73 lot acres
    Property size
    2,319 SF
    Property type
    Drive through restaurants
    APN
    32.43.40400
    APU
    324340400

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Park Rapids
    County
    Hubbard
    State
    Minnesota
    Longitude
    -95.0459
    Latitude
    46.9225

    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
    $6,567
    $94,500
    $184,100
    $278,600
    -
    $94,500
    $184,100
    $278,600

    Comparable in this City

    • Value Estimation
      $515,000
      3,572 SF

      101 Park S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,572 SF
      101 Park S Ave, Park Rapids, MN 56470-1530
      View Details
    • Value Estimation
      $1,705,000
      4,627 SF

      310 1st E St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,627 SF
      310 1st E St, Park Rapids, MN 56470-1615
      View Details
    • Value Estimation
      $750,000
      1,964 SF

      1004 Park S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,964 SF
      1004 Park S Ave, Park Rapids, MN 56470
      View Details
    • Value Estimation
      $285,000
      1,400 SF

      100 Park N Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,400 SF
      100 Park N Ave, Park Rapids, MN 56470-1520
      View Details
    • Value Estimation
      $455,000
      416 SF

      1310 1st E St

      TAKE-OUT RESTAURANT • 416 SF
      1310 1st E St, Park Rapids, MN 56470-1842
      View Details
    • Value Estimation
      $345,000
      1,738 SF

      17138 164th St

      BAR, TAVERN • 1,738 SF
      17138 164th St, Park Rapids, MN 56470
      View Details

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      Minnesota Lakefront Resort with Cabins

      Lakefront resort featuring cabins and campsites on a pristine lake.
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    • $37,500
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      Wooded Lot Near Golf Course

      1.13 acre wooded lot near Headwaters Golf Course.
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      View Details

    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      1.7k
    • Avg Time on site
      15 min
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    809 1st E St
    Park Rapids, MN 56470-1708
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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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