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    Property profile & analytics

    Park Rapids, MN 56470

    • Banks
    • 11,317 SF
    • 1.29 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2861662
    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 for Park

    Year built
    1985
    Lot size
    1.29 lot acres
    Property size
    11,317 SF
    Property type
    Banks
    APN
    32.30.00200
    APU
    323000200

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rapids
    County
    Hubbard
    State
    Minnesota
    Longitude
    -95.036
    Latitude
    46.9213

    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
    $56,820
    $183,100
    $1,779,200
    $1,962,300
    -
    $183,100
    $1,779,200
    $1,962,300

    Comparable in this City

    • Value Estimation by Request
      15,490 SF

      300 1st W St

      FINANCIAL BUILDING • 15,490 SF
      300 1st W St, Park Rapids, MN 56470-1402
      View Details
    • Value Estimation
      $310,000
      6,004 SF

      703 1st E St

      FINANCIAL BUILDING • 6,004 SF
      703 1st E St, Park Rapids, MN 56470-1706
      View Details
    • Value Estimation by Request
      7,542 SF

      200 1st E St

      FINANCIAL BUILDING • 7,542 SF
      200 1st E St, Park Rapids, MN 56470-1613
      View Details
    • Value Estimation
      $390,000
      484 SF

      311 Park S Ave

      FINANCIAL BUILDING • 484 SF
      311 Park S Ave, Park Rapids, MN 56470-3501
      View Details
    • Value Estimation
      $250,000
      5,858 SF

      501 1st E St

      RETAIL STORES (PERSONAL SERVICES) • 5,858 SF
      501 1st E St, Park Rapids, MN 56470-1864
      View Details
    • Value Estimation
      $255,000
      4,300 SF

      1220 1st E St

      RETAIL STORES (PERSONAL SERVICES) • 4,300 SF
      1220 1st E St, Park Rapids, MN 56470-1849
      View Details

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    • Contact for pricing
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      Park Rapids Mixed-Use Opportunity

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    Rapids, MN 56470
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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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