Financial
Distress signals
Property profile

213 1st St Farmington, MN 55024

OFF-MARKET
Commercial real estate
Property ID
US46-0856509
5,320 SF 0.24 ac lot Built 1993
Last sale Jun 2021 · $575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2022$384k
Assessed land$71k
Assessed improvement$314k
Effective rate2.60%

Value estimate

· Sep 2026
$390k
$351k – $429k
AI approach$400k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
County average, outlier-cleaned · 92 recorded sales of this use type
Observed band · Q1–Q3$46 – $127
Qualifying comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R
JurisdictionDAKOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.8
Spa & Massage10.0
Parking Facility9.6

Location

213 1st St Farmington, MN 55024-1003
County assessor Recorded deeds · 7 transfers 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21170 Eaton, Farmington, MN 55024-7966 $1,405,651 Oct 2024 12,151 SF
404 3rd, Farmington, MN 55024-1355 $350,000 Sep 2024 10,176 SF
Farmington, MN 55024 $1,010,000 Jul 2022 7,728 SF
5095 211th W, Farmington, MN 55024 $800,000 Dec 2021 11,168 SF
120 Elm, Farmington, MN 55024-1016 $1,361,266 Apr 2019 3,721 SF
Farmington, MN 55024 $1,361,266 Apr 2019 3,721 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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