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    Property profile & analytics

    Wells, MN 56097

    • Investment properties
    • 768 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2524244
    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

    • Investment properties

    Property Details

    Year built
    1993
    Lot size
    0.98 lot acres
    Property size
    768 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    30.240.0120
    APU
    302400120

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    Faribault
    State
    Minnesota
    Longitude
    -93.7316
    Latitude
    43.7492

    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
    $1,208
    $29,900
    $17,500
    $47,400
    -
    $29,900
    $17,500
    $47,400

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      49 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 8,000 SF
      49 Broadway, Wells, MN 56097-1632
      View Details
    • Value Estimation by Request
      4,030 SF

      40 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,030 SF
      40 Franklin St, Wells, MN 56097-1927
      View Details
    • Value Estimation
      $110,000
      0.32 Acres

      Wells, MN 56097

      OFFICE/RESIDENTIAL (MIXED USE) • 0.32 Acres
      Wells, MN 56097
      View Details
    • Value Estimation
      $110,000
      4,752 SF

      40 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 4,752 SF
      40 Broadway, Wells, MN 56097-1633
      View Details
    • Value Estimation by Request
      3,300 SF

      36 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
      36 Franklin St, Wells, MN 56097-1927
      View Details
    • Value Estimation by Request
      4,096 SF

      128 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 4,096 SF
      128 Broadway, Wells, MN 56097-1628
      View Details

    Similar Nearby for Sale

    • $329,000
      9,000 SF

      Wells, MN Mixed-Use Investment

      High-Yield, Fully Leased Property
      147 Broadway, Wells, MN 56097
      View Details
    • Contact for pricing
      0.90 Acres

      Wells, MN Industrial Building Lot

      Industrial building lot available in South Industrial Park, Wells.
      L1 B3 South Industrial Park, Wells, MN 56097
      View Details
    • Contact for pricing
      0.87 Acres

      Industrial Lot in Wells, MN

      Buildable industrial lot in South Industrial Park, Wells, Minnesota.
      L4 B1 South Industrial Park, Wells, MN 56097
      View Details
    • $38,281
      2.00 Acres

      Wells Business Park Land Opportunity

      Commercial land available in the new Wells Business Park.
      L2 B2 Business Park, Wells, MN 56097
      View Details
    • Contact for pricing
      1.21 Acres

      Wells Business Park Land Available

      Commercial land available in the new Wells Business Park.
      L1 B1 Business Park, Wells, MN 56097
      View Details
    • $400,000

      Prime Wells, MN Flex Space

      Remodeled Industrial Building - $400,000
      120 Broadway, Wells, MN 56097
      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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