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    Property profile & analytics

    Sherburn, MN 56171

    • Commercial land
    • 5.01 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 19, 2021
    $35,000
    Location Intelligence
    Property ID
    US46-2591380
    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 land

    Property Details

    Lot size
    5.01 lot acres
    Property type
    Commercial land
    APN
    38.040.0040
    APU
    380400040

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sherburn
    County
    Martin
    State
    Minnesota
    Longitude
    -94.7297
    Latitude
    43.6635
    CBSA code
    21860
    CBSA name
    FAIRMONT, 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
    2022
    $926
    $20,000
    $0.00
    $20,000
    -
    $20,000
    $0.00
    $20,000

    Comparable in this City

    • Value Estimation by Request
      0.33 Acres

      103 Fairmont Ave

      VACANT COMMERCIAL LAND • 0.33 Acres
      103 Fairmont Ave, Sherburn, MN 56171-8000
      View Details
    • Value Estimation by Request
      0.21 Acres

      107 Fairmont Ave

      VACANT COMMERCIAL LAND • 0.21 Acres
      107 Fairmont Ave, Sherburn, MN 56171-8000
      View Details
    • Value Estimation by Request
      0.16 Acres

      Sherburn, MN 56171

      VACANT COMMERCIAL LAND • 0.16 Acres
      Sherburn, MN 56171
      View Details
    • Value Estimation by Request
      0.08 Acres

      Sherburn, MN 56171

      VACANT COMMERCIAL LAND • 0.08 Acres
      Sherburn, MN 56171
      View Details
    • Value Estimation by Request
      0.15 Acres

      201 Frnt St

      VACANT COMMERCIAL LAND • 0.15 Acres
      201 Frnt St, Sherburn, MN 56171-1284
      View Details
    • Value Estimation by Request
      0.04 Acres

      13 1st St

      VACANT COMMERCIAL LAND • 0.04 Acres
      13 1st St, Sherburn, MN 56171-1001
      View Details

    Similar Nearby for Sale

    • $98,900
      1.32 Acres

      Residential Lot Near Fox Lake

      1.33-acre lot with lake access near Sherburn, Minnesota.
      Tbd Lk Shr Dr, Sherburn, MN 56171
      View Details
    • $98,900
      1.25 Acres

      Land with Lake Access

      1.33-acre lot with deeded lake access near Sherburn, MN.
      Xxx Lk Shr Dr, Sherburn, MN 56171
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    • Contact for pricing
      1 SF

      Prime Sherburn Commercial Property

      Main Street location, endless possibilities.
      118 Main St, Sherburn, MN 56171
      View Details
    • $275,000
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      Sherburn Hobby Farm with Arena

      Charming horse and hobby farm on 3.71 acres.
      725 110Th St, Sherburn, MN 56171
      View Details
    • $880,000
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      Sherburn Apartment Complex: 16 Units

      High-yield, fully occupied multifamily investment.
      331 Fox Lake Ave, Sherburn, MN 56171
      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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