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    Property profile & analytics

    Morristown, MN 55052

    • Banks
    • 1,704 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US46-1800553
    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

    • Banks

    Property Details

    Year built
    1940
    Lot size
    0.05 lot acres
    Property size
    1,704 SF
    Property type
    Banks
    APN
    20.22.4.76.063
    APU
    2022476063

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Rice
    State
    Minnesota
    Longitude
    -93.4448
    Latitude
    44.227
    CBSA code
    22060
    CBSA name
    FARIBAULT-NORTHFIELD, 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
    2024
    $2,348
    $8,600
    $108,900
    $117,500
    -
    $8,600
    $108,900
    $117,500

    Comparable in this City

    • Value Estimation
      $275,000
      1,598 SF

      111 Division N St

      FINANCIAL BUILDING • 1,598 SF
      111 Division N St, Morristown, MN 55052-6500
      View Details
    • Value Estimation
      $310,000
      1,020 SF

      119 Division N St

      RETAIL STORES (PERSONAL SERVICES) • 1,020 SF
      119 Division N St, Morristown, MN 55052
      View Details
    • Value Estimation by Request
      1,680 SF

      112 Division N St

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      112 Division N St, Morristown, MN 55052
      View Details
    • Value Estimation by Request
      9,100 SF

      24621 Holland Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      24621 Holland Ave, Morristown, MN 55052-5012
      View Details
    • Value Estimation by Request
      720 SF

      108 Division N St

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      108 Division N St, Morristown, MN 55052
      View Details
    • Value Estimation
      $100,000
      940 SF

      104 Division N St

      BARBER, HAIR SALON • 940 SF
      104 Division N St, Morristown, MN 55052-6500
      View Details

    Similar Nearby for Sale

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      Remarkable 40-acre property with tillable acreage and wooded wilderness.
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      View Details
    • $260,000
      23.90 Acres

      Sprague Lake 23.9-Acre Property

      23.9-acre property on Sprague Lake with endless opportunities.
      Tbd Kent Ave, Morristown, MN 55052
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    • Contact for pricing
      Pending

      Morristown Farm Land For Sale

      60 acre farm land located near Morristown, Minnesota.
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      View Details
    • Contact for pricing
      Pending

      Morristown Farm Land For Sale

      154.28 acre farm located near Morristown, Minnesota.
      430Th Ave, Morristown, MN 55052
      View Details
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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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