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    Property profile & analytics

    2800 1St Ave Faribault, MN 55021

    • Warehouses
    • 5,580 SF
    • 2.10 lot acres
    For Lease
    View listing
    $14,400 /Mo
    Value Estimation
    $1,425,000
    Last Sale
    Jan 19, 2024
    $1,391,500
    Location Intelligence
    Property ID
    US46-1495626
    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

    • USDA Service Center - Rice County / Federal Government Office
    • Dynamic Electric / Electrician
    • S.T.E.P. Cannon Valley School / School

    Property Details for 2800 1St Ave

    Year built
    1990
    Lot size
    2.10 lot acres
    Property size
    5,580 SF
    Property type
    Warehouses
    APN
    18.19.1.51.002
    APU
    1819151002

    Description

    This single-story, 15,660-square-foot industrial warehouse building in Faribault, Minnesota, offers flexible space options. Located at 2800 1st Ave NW, near the intersection of 1st Avenue NW and 27th Street NW, this Class B property boasts 1 acre of land and is conveniently situated just off Highway 3 and County Road 76, within one mile of Highway 35W. Built in 1990 and renovated in 2005, the building features a 12-foot ceiling height and eight drive-in doors, each measuring 9x11 feet. The property is zoned for Business Commercial use (APN: 18.19.1.51.002, Rice County) and is currently entirely vacant, allowing for immediate occupancy. Space is divisible to a minimum of 1,000 square feet, with a maximum contiguous space of 15,660 square feet. The building previously housed a 10,000-square-foot charter school and includes office and warehouse space with a mezzanine. Two parking stalls are included. This multi-tenant property presents a great opportunity for a variety of businesses seeking flexible and well-located industrial space in Faribault.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,515,000
      6.5%
      $1,310,000
      7%
      $1,395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,500,000
      Geo Method
      $1,510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,615,000
      Retail
      $1,645,000
      Mixed-Use
      $1,320,000
      Hospitality
      $1,440,000
      Educational
      $1,630,000
      Residential Income
      $1,425,000
      Energy
      $1,435,000
      Income-Based Land
      $1,230,000
      Food Service
      $1,600,000

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.2713
    Latitude
    44.3207
    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
    $19,450
    $91,500
    $671,800
    $763,300
    -
    $91,500
    $671,800
    $763,300

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      1818 6th NW St

      WAREHOUSE, STORAGE • 1,440 SF
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    • Value Estimation
      $510,000
      10,080 SF

      2100 Airtech Dr

      WAREHOUSE, STORAGE • 10,080 SF
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      View Details

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    • $14,400 /Mo
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      Faribault Industrial Warehouse Space

      15,660 SF Warehouse, Office Space Available
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    2800 1St Ave
    Faribault, MN 55021
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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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