518 CtrNew Ulm, MN 56073

  • Office properties
  • 11,620 SF
For Sale
$1,300,000 View listing

Property Details for 518 Ctr

Year built
1924
Property size (Sq ft)
11,620 SF
Zone code
C3
Property type
Office properties
Property subtype
Office buildings
APN
001.001.066.03.030
APU
100106603030

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,912,780
    6.5%
    $1,765,643
    7%
    $1,639,526
  • Comparable approach

    Method
    Valuation
    Relative Method
    $593,085
    Geo Method
    $593,085
  • Alternative Use

    Use
    Valuation
    Residential
    $2,189,398
    Hospitality
    $2,005,476
    Educational
    $1,668,533
    Medical
    $1,725,916
    Retail
    $2,595,496
518 Ctr, New Ulm, Minnesota

Location Insight

City
New Ulm
County
Brown
State
Minnesota
Latitude
44.3133
Longitude
-94.46
CBSA code
35580
CBSA name
NEW ULM, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $786,100
  • Assessed land value
    $92,500
  • Assessed value
    $878,600
  • Tax year
    2023
  • Tax bill
    $21,708

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